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Essilor : 2008 Revenue

f $3 million.

    Full-year 2008: consolidated revenue up 9.7% excluding the currency effect

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

    Total          3,074.5   2,908.1     5.7%         4.6%           5.1%*
    Europe         1,362.3   1,317.5     3.4%         2.4%           2.4%
    North America  1,267.9   1,214.2     4.4%         5.0%           6.1%
    Asia-Pacific     282.9     266.9     6.0%         8.6%           3.2%
    Latin America    127.2     109.5    16.1%        17.6%             -
    Satisloh          34.1         -       -            -              -

    *of which 1.2% from Satisloh

    Growth was driven by the following factors:

    - A 4.6% like-for-like increase in revenue over the year, of
      which 5.4% in the first half and 3.9% in the second. This increase

    - 4.9% growth in the corrective lens business, led by volume

    - Successful new products, in particular the sixth-generation
      of Transitions(R) variable-tint lenses and the new Crizal(R) anti-
      reflective lenses.

    - Around a 2% decline in instrument sales caused by the delay
      in launching a new-generation edger.

    - A negative 4.0% currency effect, primarily attributable to
      the decline in the US dollar, the Canadian dollar, the British pound
      and the Korean won against the euro.

    - A 5.1% increase from changes in the scope of consolidation
      (including Satisloh), reflecting the Company's assertive acquisitions

In 2008, Essilor completed 25 acquisitions that contributed around EUR93 million in revenue over the year. The largest involved Satisloh, which reported EUR139 million in revenue in 2008 (CHF219.4 million). Nearly two-thirds of the acquisit

SOURCE Essilor
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