Essilor : First Half 2009 Results( An Excellent First Half: - Contr...),Health

    An Excellent First Half:

    - Contribution Margin Maintained at a High 18.2%
    - A Further Increase in Basic Earnings per Share
    - Sharp Rise in net Cash Flow


    The Board of Directors of Essilor International, the world leader in
ophthalmic optics, has approved the financial statements for the six months
ended June 30, 2009.

    EUR millions                  First-half 2009 First-half 2008  % Change

    Revenue                          1,663.4         1,520.2         +9.4%
    Contribution margin                302.6           276.3         +9.5%

    % of revenue                        18.2 %          18.2 %          -
    Profit attributable to equity      202.4           198.3         +2.1%
    holders of Essilor
    International
    Basic earnings per share (in        0.98            0.96         +2.4%
    EUR)


    The highlights of the first half were:

    - The successful launch of new products in an overall
      ophthalmic optics market that experienced slower growth. Among the
      products were the Crizal Forte(R) anti-reflective lens, the Essilor
      Transitions(R) variable-tint lens in Europe, the Xperio(TM) polarized
      lens in the United States and the new Mr Blue(TM) edger.
    - Sustained growth momentum in emerging markets, notably India,
      South Korea, China, the ASEAN countries, Latin America, South Africa
      and Russia.
    - Strong operating profitability with a contribution margin (18.2%)
      that returned to its all-time high of first-half 2008 (including
      Satisloh) thanks to cost discipline across the organization.
    - Profit attributable to equity holders of Essilor that remained
      high at 12.2% of revenue and a further increase in earnings per share.
    - An ongoing external growth strategy, with the acquisition of 11
      companies around the world representing approximately EUR47 million in
      full-year revenue.
    - A sharp 12.5% incre
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SOURCE  Essilor
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