French lenses maker Essilor International SA (EI.FR) Thursday said net profit rose 9.4% to EUR506 million while overall revenue rose 7.7% to EUR4.19 billion boosted by demand in Asia and in Latin America and moderated growth in Europe.

MAIN FACTS:

- In 2011, revenue excluding the currency effect and strategic acquisitions rose by 7.3%, at the high end of the company's target range. Like-for-like revenue growth was 5%, led by an improvement in the Lens business and a very good performance by the equipment division.

- Deployment of the acquisitions strategy was also accelerated, enabling Essilor in particular to extend its presence in fast-growing markets and strengthen its positions in its three operating divisions.

- Chief Executive Officer Hubert Sagnieres said: 2011 was another year of sustained growth for the Company, not only in rapidly expanding markets but also in developed economies, thus ensuring market share gains.

- Based on these solid results and its confidence in the company's outlook, the Board of Directors will recommend that shareholders at the Annual Meeting on May 11, 2012 approve the payment of a 2011 dividend of EUR0.85 per share.

- Essilor will pursue its strategy of deploying innovative products that improve its portfolio of visual correction and protection solutions and step up its efforts to stimulate demand. While continuing to leverage its operational excellence and targeted acquisition strategy.

- Approaching 2012 with confidence and determination, Essilor forecasts a revenue growth, like-for-like plus bolt-on acquisitions, of 6% to 9% and a sustained high operating margin.

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

Grafico Azioni Essilor Luxottica (PK) (USOTC:ESLOY)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Essilor Luxottica (PK)
Grafico Azioni Essilor Luxottica (PK) (USOTC:ESLOY)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Essilor Luxottica (PK)