French opthalmic lenses maker Essilor International (EI.FR), the world's largest, said Tuesday its first quarter consolidated revenue rose 13% to EUR1.028 billion thanks to rising demand in emerging markets and to recent acquisitions.

MAIN FACTS:

- Hubert Sagnieres, Essilor's Chief Executive said: "This very good first quarter, ongoing implementation of initiatives undertaken on all continents as well as the growth of our markets make us confident in realizing our objectives for the full year."

- Like-for-like revenue rose 4.5% on year, while recent acquisition contributed for 7.2% growth in the group's revenue.

- Revenues in France, the Netherlands and Portugal continued to benefit from highly effective sales strategies. Revenues in the United Kingdom and Southern Europe stabilized and there were encouraging signs of improvement in Italy, while Eastern Europe saw a return to sustained growth.

- In the Asia-Pacific-Africa region, demand remained strong in fast-growing markets such as China, where Essilor's progressive lenses and anti-fatigue lenses have been an outstanding success. Trends in all Asean countries were very favorable.

- During the quarter, seven acquisitions or other transactions were signed, though the company didn't give financial details of the deals.

- During the first quarter, Essilor purchased three million of its own shares on the market, for a total of nearly EUR148 million. These share buybacks sought to offset the dilution arising from the issuance of shares linked to share-based performance incentives and stock options granted to employees..

- This investment, added to the customary seasonal fluctuations, led to a moderate rise in consolidated net debt which stood at EUR416 million on March 31.

- In view of this strong first quarter, the Group confirms its objectives for the full year of revenue growth of 6% to 8%, excluding the currency effect and strategic acquisitions, with margins maintained at the current high levels excluding strategic acquisitions..

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com
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