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Essilor : 2008 Results
Date:3/5/2009 

    CHARENTON-LE-PONT, France, March 5 /PRNewswire-FirstCall/ --

    - 2008: Solid Sales and Earnings

    - Revenue Up 9.7% Excluding the Currency Effect

    - Contribution Margin at 17.9%

    - Attributable Profit of EUR382.4 Million (up 8.7% Excluding the Currency
      Effect)

    - Recommended Increase in Dividend: +6.5% to EUR0.66 per Share

The Board of Directors of Essilor International, the world leader in ophthalmic optical products, today announced its audited financial results for the year ended December 31, 2008.

    EUR millions                  2008      2007    % change  % change
                                                              excluding
                                                                 the
                                                              currency
                                                               effect

    Revenue                    3,074.4   2,908.1      +5.7%     +9.7%
    Contribution from
    operations(1)                551.2     527.4      +4.5%     +8.7%
    As a % of revenue             17.9%     18.1%      ---       ---
    Operating profit             514.5     504.6      +2.0%     +6.3%
    Profit attributable to
    equity holders               382.4     366.7      +4.3%     +8.7%
    As a % of revenue             12.4%     12.6%      ---       ---
    Earnings per share (in EUR)   1.85      1.78      +3.7%     +8.4%

(1) Operating profit before compensation costs of share-based payments, restructuring costs, other income and expense, and goodwill impairment.

In an ophthalmic optics market that experienced slower growth, especially in the fourth quarter, Essilor demonstrated the solidity of its business model. With growth of 9.7% in 2008 (excluding the currency effect), the Company increased its market share while maintaining its margins and capacity for future investment.'/>"/>

SOURCE Essilor
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