Steady growth for Essilor ahead of Luxottica merger

Full year financial results for 2016 have showed that Essilor increased operating profit by 4% and said revenues should grow between 3% and 5% during 2017.

Operating profit was €1.32bn during 2016, up from €1.26bn in 2015, on sales of €7.12bn, up 5.9% year-on-year. Earnings per share were €3.79, up 6.2%.

Essilor said it would accelerate innovation over the course of the next 18 months, with new products in its leading ophthalmic lens brands; Varilux, Crizal and Transitions. In addition, it will quicken the pace of development of its sunwear activities and online sales of eye care products by leveraging the connections between product ranges, geographic expansion and the links of recent acquisitions.