EssilorLuxottica: Full year 2020 results // Resilience, digitalization and synergies lead to strong recovery and solid founda...
12 Marzo 2021 - 12:00AM
EssilorLuxottica: Full year 2020 results // Resilience,
digitalization and synergies lead to strong recovery and solid
foundations for the future
Full year 2020 results
Resilience, digitalization and synergies
lead to strong recovery and solid foundations for the
future
- Swift reaction to COVID-19 pandemic in favor of
employees, customers and society at large
- Solid sequential revenue recovery between first and
second half of the year
- Lenses & Optical Instruments, Retail and e-commerce
drive momentum
- Rich innovation pipeline and brand investments position
Company optimally for the future
- Strong rebound in reported3 as well as adjusted2
operating margin in the second half
- Free cash flow4 exceeds prior year, synergies and
integration on track
Charenton-le-Pont, France (March 12,
2021 – 7:00am) - The
Board of Directors of EssilorLuxottica met on March 11, 2021 to
approve the consolidated financial statements for the year ended
December 31, 2020. These financial statements were audited by the
Statutory Auditors whose certification report is in the process of
being issued.
“To really understand what EssilorLuxottica is
made of, just look at how we fought through the past year, the way
we flipped adversity on its head and turned it into fuel for 2021.
Our Company and our people showed new levels of adaptability and
customer loyalty in the first half of the year. In the second half,
we shifted into a new gear – recovery and reinvestment mode – while
continuing to give our teams, our partners and customers the
resources and support they needed to make a comeback. This is the
hallmark of a leader using its best characteristics to raise the
bar for all its stakeholders: an inspiring mission, high employee
shareholding, close customer relationships, digital acceleration,
supply chain flexibility, and brand and product
innovation.
Our solid results demonstrate the strength of our business model
and the benefits of our integration. The structural needs for good
vision and recognized brands combined with innovation, vertical
integration and tight cost control lead to solid profitability.
EssilorLuxottica is now in a unique position to lead the eyecare
and eyewear industry into its next chapter, using our unparalleled
assets and new categories like myopia management and complete pairs
to capture long-term potential” said Francesco Milleri and Paul du
Saillant, respectively CEO and Deputy CEO of EssilorLuxottica.
"I would like to thank the current management
for the important results it has achieved in a very difficult year.
In the light of these results, I intend to propose to the new Board
to confirm Francesco Milleri as CEO and Paul du Saillant as Deputy
CEO", added Leonardo Del Vecchio, Chairman of EssilorLuxottica.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. 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. The Company brings together the complementary
expertise of two industry pioneers, one in advanced lens technology
and the other in the craftsmanship of iconic eyewear, to set new
industry standards for vision care and the consumer experience
around it. 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. In 2020, EssilorLuxottica
had over 140,000 employees and consolidated revenues of Euro 14.4
billion. The EssilorLuxottica share trades on the Euronext Paris
market and is included in the Euro Stoxx 50 and CAC 40 indices.
Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg:
EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
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