French lenses maker Essilor International SA (EI.FR) Friday said
it confirmed its financial targets for the full 2012 for a 12%-15%
revenue growth, excluding currency effects and sustained high
margin excluding acquisitions after it said first-half net profit
rose 16% on year to 301 million euros ($376 million).
MAIN FACTS:
- Essilor's overall revenue in the first half revenue rose 23%
to EUR2.53 billion.
- "The solid improvement in the Company's results demonstrates
once again the validity of its value-creation model in a market
that is experiencing structural growth. In an overall second-half
economic environment that is less buoyant, the determination of
Essilor's teams to deploy our strategic plan worldwide and the
launch of the new generation of Varilux progressive lenses bolster
our confidence that we will meet our full-year objectives,"
Essilor's Chief Executive Hubert Sagnieres said in a statement.
- Based on its good first half and despite lingering economic
uncertainty, Essilor is confirming its full-year objectives of
revenue growth of 12% to 15 %, excluding the currency, (6% to 9% in
like-for-like growth combined with bolt-on acquisitions) and
sustained high contribution margin excluding strategic
acquisitions. .
-Write to Inti Landauro at inti.landauro@dowjones.com
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