ESLOY Essilor Luxottica (PK)

   By Alberto Delclaux 
 

Essilor International SA (EI.FR) said on Thursday that 2017 net profit fell 3%, weighed down by expenses associated with its planned merger with Luxottica Group SpA (LUX.MI).

Net profit for the year was 789 million euros ($963.7 million), compared with EUR813 million the year earlier.

Revenue rose 5.3% to EUR7.49 billion, driven by growth in the U.S. and strong online sales in its lenses and optical instruments unit.

Looking into 2018, Essilor said it expects like-for-like revenue growth of about 4% and proposed a dividend of EUR1.53 per share, up 2% from the year earlier.

Essilor said it expects the merger with Luxottica to be finalized during the first part of 2018.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

March 01, 2018 01:31 ET (06:31 GMT)

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