Profits soar at Essilor

Essilor reported a 22.8 per cent increase in revenues for the first half and expressed confidence for the rest of the year.

Revenue reached €2,530.5m during the six-month period, and profits soared 24.5 per cent to €309.2m, as the company enjoyed a 'successful launch' of its Crizal UV lens.

Hubert Sagnières, chairman and chief executive officer of Essilor, said: 'In the first half, Essilor reaped the benefits of its growth strategy, which focuses on delivering innovative products and expanding in high-growth markets.

'The solid improvement in the company's results demonstrates once again the validity of its value-creation model in a market that is experiencing structural growth.