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Essilor : 2008 Results
Date:3/5/2009

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    The year's highlights included:

    - Solid 4.9% growth in sales of corrective lenses, led by the
      effectiveness of Essilor's networks and the success of new products,
      notably the new generation of Transitions(R) VI variable-tint lenses
      and the new Crizal(R) anti-reflective lenses.

    - Pursuit of the external growth strategy with the acquisition
      of a minority or majority stake in 27 companies, including Satisloh,
      the world leader in optical manufacturing solutions for prescription
      laboratories (see "27 Acquisitions in 2008" below).

    - Continued strong profitability with contribution from
      operations at 17.9% of revenue (18.2% excluding the Satisloh
      acquisition) and attributable net profit at 12.4%.

    - Continued financial solidity. Despite a major investment
      program, gearing remained at less than 5%.

Annual Shareholders' Meeting

The Annual Shareholders' Meeting will be held on Friday, May 15, 2009 at 10:30 a.m. at Palais de la Bourse, Place de la Bourse, 75002 Paris.

The Board of Directors will ask shareholders to approve a dividend of EUR0.66 per share, an increase of 6.5% over the previous year. The dividend will be payable as from May 26, 2009.

Acquisitions in 2009

Pursuing its expansion in Asia-Pacific, Essilor has finalized four acquisitions in Australia representing EUR3.6 million in full-year revenue. Equity interests were acquired in three prescription laboratories-Prescription Glass Pty Ltd, Precision Optics Pty Ltd and Wallace Everett Lens Technology Pty Ltd-and a 50% stake was acquired in Sunix, a developer of optometric practice management systems.

Outlook

In 2009, the global recession has made forecasting growth for the year very uncertain. However the economic crisis does not call into question Essilor's medium- and long-term objectives and the Co
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SOURCE Essilor
Copyright©2009 PR Newswire.
All rights reserved

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Related medicine news :

1. Essilor : 2008 Revenue
2. Essilor Agrees to Acquire Signet Armorlite
3. Essilor Steps Up its Development in Eastern Europe
4. Essilor - First-Half 2008 Revenue
5. Essilor Agrees to Acquire Satisloh The World Leader in Optical Manufacturing Solutions
6. Essilors 2008 First-Quarter Report
7. Essilor Strengthens its Positions in Italy - Three New Acquisitions in the United States
8. Essilor : 2007 Results
9. Essilor Enters Bulgarian Market
10. Essilor Acquires Prescription Laboratories in the United Kingdom and the United States
11. Essilor Strengthens its Polarized Lens Distribution Network With the Acquisition of KBco
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