EssilorLuxottica Posts Third-Quarter Revenue Jump, Raises 2021 Outlook
29 Ottobre 2021 - 7:55AM
Dow Jones News
By Cecilia Butini
EssilorLuxottica SA said Friday that revenue rose in the third
quarter and upgraded its revenue growth outlook for the year.
The eyewear company posted revenue of 5.47 billion euros ($6.39
billion) for the period. The result included GrandVision, which it
consolidated on July 1. It represents a 33.4% increase at constant
exchange rates compared with the same quarter of 2020, when the
company posted EUR4.09 billion in revenue.
Excluding GrandVision, the company's revenue for the quarter was
EUR4.46 billion, up 9% from pre-pandemic levels in 2019, it
said.
EssilorLuxottica upgraded its full-year 2021 guidance in light
of the quarterly performance and now expects mid-to-high
single-digit revenue growth versus 2019 at constant exchange rates,
up from previous expectations of mid-single-digit growth.
It also expects up to 100 basis points progress in adjusted
operating profit as a percentage of revenue compared with 2019 at
constant exchange rates, it said. The targets refer to
EssilorLuxottica excluding GrandVision, the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
October 29, 2021 01:40 ET (05:40 GMT)
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