CHARENTON-LE-PONT, France, October 24 /PRNewswire-FirstCall/ -- - Financial Information for the First Nine Months of 2007
- Continued Strong Organic Growth, With Revenue Up 8.5% Like-for-Like
Essilor International, the world leader in ophthalmic optics, today announced its consolidated revenue for the nine months ended September 30, 2007.
Consolidated revenue for the first nine months
EUR millions 2007 (9 2006 (9 % change Like-for-like
months) months) change*
Consolidated revenue 2,200.1 2,022.6 8.8% 8.5%
Europe 987.0 895.3 10.2% 7.4%
North America 932.4 882.9 5.6% 8.3%
Asia-Pacific 200.9 175.9 14.2% 12.8%
Latin America 79.8 68.5 16.5% 15.3%
(*)Based on a comparable scope of consolidation and at constant exchange rates.
Consolidated revenue for the first nine months of 2007 totaled EUR2.2 billion, representing an increase of 8.8% on a reported basis and 8.5% like-for-like. Changes in scope of consolidation accounted for 3.8% of growth, corresponding mainly to acquisitions made since the beginning of the year and, to a lesser extent, to businesses acquired in 2006. The currency effect was a negative 3.6%.
Like-for-like growth matched the first-half 2007 rate of 8.5%, once again significantly exceeding the Company's trend rate. This performance was attributable to:
- Around 5% growth in lens sales volume in the first nine months, outperforming the market.
- The roughly 3.5% impact of favorable changes in the price mix.
Essilor is enjoying strong demand for new generation lenses offering
new materials, optical designs or coatings. Sales of medium and high-index
lenses and photochromic lenses are particularly robust. In all, value-added
lenses now a
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