EssilorLuxottica posts 7.4% revenue growth in FY19

Fashion

11 Mar `20

2 min read

EssilorLuxottica, a French-Italian vertically integrated multinational corporation, posted 7.4 per cent growth in its revenue to €17,390 million in full fiscal 2019 compared to €16,194 million in prior year. Revenue increased 6.5 per cent in fourth quarter (Q4) ended on December 31, 2019 to €4,304 million compared to €4,040 million in same period prior year.

EssilorLuxottica, a French-Italian vertically integrated multinational corporation, posted 7.4 per cent growth in its revenue to €17,390 million in full fiscal 2019 compared to €16,194 million in prior year. Revenue increased 6.5 per cent in fourth quarter (Q4) ended on December 31, 2019 to €4,304 million compared to €4,040 million in same period prior year.#

Gross profit for the year increased 6.6 per cent to €10,887 compared to prior year. Operating profit in FY19 increased 7.4 per cent to €2,812 million. Net profit (attributable to the owners of the parent) increased 9.2 per cent to €1,938 million.

EssilorLuxottica, a French-Italian vertically integrated multinational corporation, posted 7.4 per cent growth in its revenue to €17,390 million in full fiscal 2019 compared to €16,194 million in prior year. Revenue increased 6.5 per cent in fourth quarter (Q4) ended on December 31, 2019 to €4,304 million compared to €4,040 million in same period prior year.#

"In its first full year, EssilorLuxottica delivered a solid performance. It advanced on its Mission and delivered innovative products at every price point to customers and consumers worldwide while generating profitable growth," Laurent Vacherot, CEO of Essilor, said in a press release.

EssilorLuxottica, a French-Italian vertically integrated multinational corporation, posted 7.4 per cent growth in its revenue to €17,390 million in full fiscal 2019 compared to €16,194 million in prior year. Revenue increased 6.5 per cent in fourth quarter (Q4) ended on December 31, 2019 to €4,304 million compared to €4,040 million in same period prior year.#

Essilor revenue grew 8.5 per cent to €7,897 million compared to €7,280 million in same period prior year. Luxottica revenue increased 6.5 per cent to €9,493 million compared to €8,914 million in same period prior year.

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