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Essilor : First Half 2009 Results
Date:8/26/2009

ation increased revenue by 6.0%, reflecting the contributions of the businesses acquired in 2008 and in the first half of 2009. The currency effect was a positive 4.1%, lifting growth to 9.4%.

The like-for-like decrease in first-half revenue included a decline of 1.0% in the first quarter and of 0.4% in the second, reflecting the following factors:

    - The successful launch of value-added products around the
      world, including the new Crizal Forte(R) anti-reflective lens, the
      Essilor Transitions(R) VI variable-tint lens in Europe, the Xperio(TM)
      polarized lens in the United States and the new MrBlue(TM) edger.

    - Firm growth in entry-level products, where Essilor holds
      strong positions.

    - A disappointing first-quarter performance in Instruments.


    Revenue by region

    EUR millions   H1 2009  H1 2008   % Change      % Change      Change in
                                     (reported*) (like-for-like)   scope of
                                                                Consolidation

    Europe          665.1    693.5      -4.1%         -4.4%          +2.0%
    North America   718.1    617.9     +16.2%         -0.9%          +4.3%
    Asia-Pacific    170.1    146.8     +15.9%        +13.5%          +1.3%
    Latin America    60.3     60.6      -0.5%         +9.4%          +0.7%
    Laboratory
    equipment [1]    49.8**    1.4***    n.a.          n.a.           n.a.

(*) Currency effect: +4.1%. (**) The figure excludes Satisloh sales to Essilor, which totaled EUR14.8 million. (***) Satisloh was not part of the Group in first-half 2008.

Eleven acquisitions in the first half

During the first half, Essilor acquired or increased its holding in eleven companies. Together, they represent additional full-year revenue of EUR47 million for a total investment of EUR36.9 million.

    - In the United States, Essilor
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SOURCE Essilor
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