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Essilor's 2008 First-Quarter Report
Date:4/22/2008

CHARENTON-LE-PONT, France, April 23 /PRNewswire-FirstCall/ -- Essilor International, the world leader in ophthalmic optics, today announced consolidated revenue of EUR762.2 million for the three months ended March 31, 2008, representing a reported 3.6% increase on the first quarter of 2007.

Like-for-like growth amounted to 6.2%, in line with the Company's announced annual growth target. Changes in scope of consolidation accounted for 4% of growth for the period, corresponding mainly (3.3%) to acquisitions made in 2007, with the rest contributed by businesses acquired since January 1. The 6.6% negative currency effect primarily reflected the 13.9% fall in the dollar against the euro and, to a lesser extent, the 12.6% decline in the British pound.
Consolidated revenue for the first three months of 2008

EUR millions First-quarter First-quarter % change Like-for-like

2008 change(1)

2007 as

reported

Consolidated revenue 762.2 735.6 + 3.6% + 6.2%

Europe 346.4 334.5 + 3.6% + 3.7%

North America 318.3 311.7 + 2.1% + 8.2%

Asia-Pacific 69.2 65.3 + 5.9% + 6.6%

Latin America 28.3 24.1 + 17.6% + 14.0%

(1)Based on a comparable scope of consolidation and at constant exchange rates.

In Europe, growth was impacted by the unfavorable comparison with first-quarter 2007, when revenue rose 8.6% like-for-like. In addition, there were substantially fewer selling days than in the year-earlier period. Germany and the Eastern European countries reported a strong performance.

In the United States, where demand generally remained strong, growth was led by the successful launch of the si
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SOURCE Essilor
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