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Essilor's First-Half 2008 Results
Date:8/27/2008

e to 198.3 181.9 +9.0%

equity holders of Essilor

International

% of revenue 13.0% 12.3%

Basic earnings per share 0.96 0.88(2) +8.1%

(in EUR)

(1) Operating profit before share-based payments, restructuring costs and other non-recurring items, and goodwill impairment.

(2) Adjusted for the two-for-one stock split on July 16, 2007.

Revenue up 2.9% to EUR1,520.2 million

Essilor's consolidated revenue for the six months ended June 30, 2008 rose by 5.4% like-for-like and 9.6% excluding the currency effect. Changes in the scope of consolidation boosted revenue by 4.2%, reflecting the contributions of the businesses acquired in 2007 and in the first half of 2008. The currency effect was a negative 6.6%, which reduced reported growth to 2.9%.

Organic growth in revenue was led by:

- Very strong demand in North America, South America and most

countries in Asia.

- The successful launch of the sixth-generation of

Transitions(R) variable-tint lenses as well as the Crizal Avance(TM)

anti-reflective lenses with Scotchgard(TM) Protector.

- A sharp increase in sales of medium and high-index lenses,

especially in 1.6 high-index material.

Revenue by region

EUR millions First-half First-half % change % change

2008 2007 (reported) (like-for-like)

Europe 697.1 675.7 +3.2% +2.7%

North America 625.4 622.4 +0.5% +7.0%

Asia-Pacific 137.1 128.7 +6.5% +6.9%

Latin America 60.6 50.1 +21.0% +17.6%

Thirteen acquisitions in the first half

Essilor acquired 13 companies or their assets during the first half. Together, they represent additional full-year revenue of EUR70 million
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SOURCE Essilor
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