Moreover, in the wake of this incident, Essilor International reorganized its Treasury and local management in Thailand. On December 30, 2019, EssilorLuxottica announced that its subsidiary Essilor International discovered fraudulent financial activities in one of its plants in Thailand. Fourth-quarter 2019 revenue by operating segment. share these measures with all investors at the same time. The major transactions are indicated in the table below. Lastly, in keeping with the commitments made to Turkish antitrust authorities at the time of the combination with Luxottica, Essilor divested its subsidiary Merve, which markets sunglasses to consumers in Turkey. Annual Shareholders' Meetings; Regulatory Information; Investor Relations contacts ... Close. EssilorLuxottica's revenue increased by 4.5% at constant exchange rates2 during the fourth quarter of 2019. Over the course of 2019, Essilor worked toward this goal through partnerships to eliminate poor vision in many regions. Annual Reports & Proxy. Essilor International /fi is primarely in the business of unknown sic - 8880. PDF; Form 10K (HTML) Baxter International Inc. does not currently have any hardcopy reports on AnnualReports.com. Charenton-le-Pont, France (March 6, 2020 - 7:00am) - The Board of Directors of EssilorLuxottica met on March 5, 2020 to approve the consolidated financial statements for the year ended December 31, 2019. Essilor International; Published. "When we look at Luxottica's performance over the past year, there is so much to be proud of, both in terms of our solid results and many notable achievements - our continued digital transformation in particular proved that the work we've done over the past five years is paying off. However, since the 2018 information presented in the statement of profit or loss is affected by the accounting of the combination between Essilor and Luxottica, the financial information deemed relevant to compare 2019 performance is based on the restated pro forma1 information for the year ended December 31, 2018. Full year 2019 growth was further boosted by robust engagement with Luxottica both for select key accounts and sales of value added lenses though the Group's retail channels. In Latin America, revenue increased by 0.9% to Euro 304 million (+3.8% at constant exchange rates2). Conversely, Brazil was among the top performers and recorded a sustained growth, at high single digit pace during the twelve months, boosted by STARS and Óticas Carol (both meaningfully increasing the number of doors). Oakley eyewear experienced a relevant uplift from the partnership with the NFL (with its testimonial Patrick Mahomes winning the Superbowl and the related MVP trophy), posting mid-single digit growth in the second half of the year. EssilorLuxottica confirms that the search for a new CEO is ongoing. And in China, Essilor worked with the Huoqiu County to eliminate poor vision in the county within three years. Goodwill increased by Euro 588 million, of which Euro 206 million resulting from acquisitions made in 2019, and Euro 382 million resulting from foreign currency fluctuations (including foreign currency fluctuations on the goodwill arising from the EssilorLuxottica Combination, amounting to Euro 333 million). Laurent Vacherot, President and Chief Operating Officer EssilorLuxottica completed 29 transactions in 2019, representing full-year revenue of close to Euro 218 million. In particular, management adjusted the following measures: Gross profit, Operating expenses, Operating profit, Profit before taxes and Net profit. This strong dynamic continued in the first few months of 2020. Adjusted6 Gross profit in 2019 ended at Euro 10,887 million, representing 62.6% of revenue versus 63.0% in 2018. Direct e-commerce grew double digit across all the platforms in the full year, mostly driven by North America that posted in the fourth the best quarter of the year. Contingency plans can be activated in case of a protracted pandemic. Please attach your CV and letter of motivation which we will review carefully. In terms of production, EssilorLuxottica plants in China are currently operating at slightly reduced capacity, which is quickly normalizing, while the plants in Italy and all other locations are currently running at full capacity. Moreover, investors should be aware that the Group's method of calculating those non-GAAP measures may differ from that used by other companies. These investments include mainly the effects of the business combinations completed in 2019, which include mainly Barberini S.p.A., the world's leading optical glass sun lens manufacturer, as well as the acquisitions of Brille 24 in the online business, Devlyn in Mexico, Future in Sweden, and Optimed in the instruments division. In this document, management presented certain performance indicators that are not envisioned by the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board and endorsed by the European Union. In North America, revenue increased by 7.6% to Euro 2,273 million (+4.3% at constant exchange rates2). 2020: ESSILOR’S TOP 12 HIGHLIGHTS. Recovery of misappropriated funds: The company progressed with freezing funds on different bank accounts in several jurisdictions. EssilorLuxottica consolidated statement of profit or loss. The report comprises the interim consolidated financial statements, the interim management report, the statement by the person responsible for the interim financial report and the auditors’ review report on the interim consolidated financial statements. The Equipment division was a slight headwind to regional growth on a consolidated basis despite solid underlying activity as market conditions in fast growing markets remained favorable. The Company is confident that Phase II will be completed in a timely manner and will closely cooperate with the European Commission to fully demonstrate the rationale of the proposed acquisition and the benefits that it will bring to customers, consumers and all the eyewear industry players. The business contributed to group profitability, which enabled continued R&D investment to support innovation in production methods and lab efficiency across the global ophthalmic lens industry. * 2018 information has been restated following the application of IFRS 16 Leases. The Board of Directors will recommend that shareholders at the Annual Meeting to be held on May 16, 2019 approve the payment of a dividend of Euro 2.04 per share. For financial reporting, their fiscal year ends on December 31st. In India, more than 143,000 people were screened to put the Doddaballapura region on track to be the first in the country to also eliminate poor vision by 2021. In Italy, Salmoiraghi & Viganò, the leading multi-brand retailer in the country, consolidated further its position, growing nicely in both comparable sales5 and total revenues, also thanks to a successful store renovation plan that will be carried forward in 2020 as well. The Free Cash Flow7 normalized for IFRS 16 impacts amounted to Euro 1,825 million. Equity increased mainly for the result of the year (Euro 1,670 million including other comprehensive income items), the share capital increases related to the sell-out and squeeze-out procedures on Luxottica shares, as described in paragraph 1.2.2 - Significant Events (Euro 1,019 million) and the share-based payments accounted for in 2019 (Euro 154 million), while decreased by Euro 959 million following dividend distribution. This included a renewed effort in marketing campaigns on lens brands. The Lenses & Optical Instruments division was a major contributor to the regional performance. During the first months of 2019, as a result of the finalization of the sell-out and squeeze-out procedures, the Group incurred a total cash-out of Euro 641. million towards those Luxottica shareholders that tendered their shares against cash and consequently reversed the put liability accounted for as of December 31, 2018. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. Wholesale grew high-single digit thanks to the sound execution across all channels. 2019 Annual Report and Form 10K. 2018 information has been restated following the application of IFRS 16, net negative impact of Euro 5 million related to other, Cost of net debt is adjusted for Euro 9 million corresponding mainly to, Income taxes are adjusted for an amount of Euro (126) million corresponding to the tax effects of the. The comparative period has been restated in accordance with the transitional requirements of the initial application of IFRS 16 -, The comparative period has been restated in accordance with the transitional requirements of the initial application of IFRS, Italy's Del Vecchio leads UniCredit investor opposition to MPS deal -sources, https://channel.royalcast.com/webcast/essilorluxotticaen/20200306_1/, Consumer Cos Fall As Stimulus Negotiations Drag On -- Consumer Roundup, Chief Executive Officer & Non-Independent Director. In this same spirit of raising awareness on good vision, Essilor made presentations in different parts of the world to leverage the report it published on the sidelines of the last United Nations General Assembly session, entitled "Eliminating Poor Vision in a Generation: What will it take to eliminate uncorrected refractive errors by 2050?". The Sunglasses & Readers division performed well in 2019, with revenue rising 12.5% to Euro 885 million (+8.9% at constant exchange rates2). Sales in Europe were also supported by the growth around double-digit of the Retail division, on the back of effective in-store execution empowering positive results in all countries. In 2019, the global revenue of Essilor amounted to approximately 7.9 billion euros. Costa made further inroads with Eyecare professionals as well as in sporting goods stores and online channels, while increasing its presence in the United States. E-commerce activity in Brazil supported regional growth. In e-commerce, online sales in Brazil continue to develop rapidly. Optical House operates through a network of around 190 stores under the Luxoptica brand and is the country's leading wholesale platform for lenses, frames and contact lenses. Following an exceptional performance through the first nine months of the year, the Equipment division slowed down during the fourth quarter. The successful development of the STARS program remains a key pillar of Luxottica's strategy, and currently represents over 20% of Wholesale revenue in the region, showing a nice acceleration in the last part of the year. It delivered double-digit growth in China, thanks to branded lenses (notably EyezenTM, Crizal® and Varilux®), instruments, myopia control solutions and innovation in the midrange. The following table provides a reconciliation of those non-GAAP measures to the most directly comparable IFRS financial measures. In North America all the networks contributed to the division growth, in particular the Optical Retail Business led the growth with LensCrafters posting the strongest quarter of the year (thanks to a healthy insurance week and a strong price-mix), a solid contribution from the insurance business unit Eye Med as well as Target Optical and Pearle Vision. The direct e-commerce business had another exceptional quarter growing at 27% at constant exchange rates2 and all major websites contributed to the success. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. By sending the form above, I acknowledge that I have read the Privacy Notice and that I have been fully informed of the terms and conditions under which Essilor International processes my personal data. 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