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Essilor - 2009 Financial Results
Date:3/4/2010

British pound, Brazilian real and Canadian dollar.

Geographically, unit sales edged back slightly in mature countries but rose sharply in emerging markets:

    - Revenue in Europe declined by 2.7% in a challenging environment.
      During the year, Essilor stepped up deployment of its multi-network
      strategy, which allows it to capture the strong demand for
      entry-level products while continuing to pursue its innovation
      strategy. Operations in France, Germany and Italy, as well as the
      Instruments Division, held up particularly well, with operations
      in Russia and Finland reporting the strongest performances.
    - Revenue was virtually unchanged in North America (down 0.4%). In
      the United States, firm sales to eyecare professionals and independent
      laboratories offset difficulties encountered with certain optical
      chains. Revenue in Canada was hurt by a fall-off in unit sales.
    - In Asia, where revenue rose 12.3% overall during the year, performance
      was satisfactory in every country except Japan. Growth was
      led in India, China and South Korea by sales of specialty lenses and
      other new products, and lifted in Australia by strong demand for the
      Varilux and Crizal lines. Revenue also saw sustained growth in South
      Africa.
    - After enjoying very strong growth in 2008, revenue in Latin America
      rose a solid 7% in 2009 despite the economic slowdown. The sharp
      increase in anti-reflective lens sales in Brazil and especially Mexico
      helped to improve the product mix.
    - Lastly, in a particularly challenging year for the capital equipment
      industry, Satisloh held the decline in sales to around 7%, thereby
      enabling the company to increa
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SOURCE Essilor
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