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
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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