Essilor : First Half 2009 Results(The 29.0% effective tax rate compar...),Health

Date:8/26/2009

The 29.0% effective tax rate compared with a 29.4% rate for first-half 2008. The decline was mainly due to Satisloh's tax rate, which is lower than the Company average. - The share of profit from associates-VisionWeb, Sperian Protection and Transitions-which amounted to EUR10.7 million, versus EUR14.7 million in first-half 2008. Transitions' earnings were up slightly at EUR9.8 million (from EUR9.6 million in first-half 2008) while Sperian Protection's earnings were sharply lower at EUR0.9 million (compared with EUR5.1 million).

Profit attributable to equity holders of the parent was 2.1% higher, at EUR202.4 million. Earnings per share rose by 2.4% to EUR0.98.

Inventories

Inventories amounted to EUR493 million at June 30, 2009, compared with EUR475 million at year-end 2008, an increase of 3.8%. Like-for-like, the increase was 2.1%.

Investments

Capital expenditure net of divestments totaled EUR72 million or 4.3% of consolidated revenue. Financial investments net of disposals amounted to EUR60.9 million. Of this amount, acquisitions accounted for EUR36.9 million, while buybacks of shares accounted for EUR19.5 million.

    Cash Flow Statement

    EUR millions
    Net cash from operations      273  Capital expenditure net of
                                        the proceeds from asset
                                        sales                         72
    Proceeds from employee share       Change in WCR and
     issue                         16   provisions                   102
    Change in net debt             99  Dividends                     138
                                       Financial investments net
                                        of disposals                  61
                                       Effect of changes in
                                        exchange rat
'/>"/>
SOURCE  Essilor
Copyright©2009 PR Newswire.
All rights reserved

3

GOOD

Page: 1 2 3 4 5 6 7 8 9 
Related medicine news :

1. Essilor Strengthens its Polarized Lens Distribution Network With the Acquisition of KBco
2. Essilor Acquires Prescription Laboratories in the United Kingdom and the United States
3. Essilor Enters Bulgarian Market
4. Essilor : 2007 Results
5. Essilor Strengthens its Positions in Italy - Three New Acquisitions in the United States
6. Essilors 2008 First-Quarter Report
7. Essilor Agrees to Acquire Satisloh The World Leader in Optical Manufacturing Solutions
8. Essilor - First-Half 2008 Revenue
9. Essilor Steps Up its Development in Eastern Europe
10. Essilor Agrees to Acquire Signet Armorlite
11. Essilor : 2008 Revenue