EssilorLuxottica welcomes sales growth but splits emerge in management

EssilorLuxottica’s revenue dropped by 1.2% in 2018, from £13,965m in 2017 to £13,804m. However, total revenue grew by 3.2% in 2018 when reported at constant exchange rates.

Essilor reported growth in all of its operating segments, with its equipment having a reported change of +5.3% (­+9.1% at constant rates).

Executive vice chairman of EssilorLuxottica, Hubert Sagnières, said Essilor ‘delivered strong business growth at all its divisions in 2018 and surpassed its growth targets for the year’.

Executive chairman of EssilorLuxottica, Leonardo Del Vecchio, said: ‘The contribution of Luxottica is significant: net sales, profitability and free cash flow all show positive growth, excluding the exchange rate effect.’