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Essilor : 2008 Revenue
Date:1/29/2009

ularly in the United States where sales to optical chains declined. Operations in emerging markets continued to enjoy strong growth.

    Consolidated revenue - fourth quarter 2008

    EUR millions     4th     4th     % change    % change       Impact from
                   quarter  quarter  (reported) (like-for-like) changes in
                     2008    2007                   scope

    Total            796.7    707.8     12.6%         2.2%          8.7%*
    Europe           339.7    330.3      2.9%         1.5%          3.1%
    North America    322.9    281.8     14.6%         0.6%          5.5%
    Asia-Pacific      71.3     65.9      8.2%         8.2%          2.3%
    Latin America     28.7     29.8     -3.7%        10.9%            -
    Satisloh          34.1      -         -             -             -

    *of which 4.8% from Satisloh

Fourth-quarter highlights

Satisloh, the world's leading supplier of prescription laboratory equipment, has been consolidated since October 1. It reported EUR39.4 million in revenue for the quarter, of which EUR34.1 million from outside customers.

During the quarter, Essilor has acquired at least a majority interest in seven new US prescription laboratories, based across the country and representing aggregate full-year revenue of some $60 million. Three of the companies are Varilux distributors: Pech Optical Corp. in Iowa ($37 million in revenue); SouthWest Lens Corp. in Texas ($5 million); and Collard Rose Optical Laboratory in California ($7.5 million), which has been consolidated since July 2008. The Company also acquired all outstanding shares of Next Generation Ophthalmics Inc. in Minnesota ($3.5 million in revenue), as well as a majority stake in Dependable Optics Inc. in New York State (around $2 million). Lastly, Essilor acquired the assets of Hi-Tech Optical Inc. and Pinnacle LLC, two Nebraska-based labs with combined revenue o
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SOURCE Essilor
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