EssilorLuxottica confirms 2019 targets after stronger third-quarter sales [Reuters]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
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Source: Reuters
EssilorLuxottica confirms 2019 targets after stronger third-quarter sales - Reuters 2 Min Read PARIS (Reuters) - EssilorLuxottica ( ESLX.PA ) confirmed its 2019 outlook and savings targets on Wednesday after posting higher third-quarter sales, although revenue growth for Ray Ban maker Luxottica was hit by turmoil in Hong Kong and a long rainy season in Japan. Sales at the world’s largest eyewear group, formed last year after the merger of French lenses specialist Essilor and Italian spectacles maker Luxottica, rose 5.2 percent from a year earlier at constant exchange rates to 4.3 billion euros ($4.78 billion). While Latin America and Europe led momentum, revenue growth in Asia, Oceania and Africa decelerated to 5.1 percent but EssilorLuxottica did not provide a comparison to the year ago pace as it only started publishing results as a fully integrated company this year. “The overall growth in the region for Luxottica decelerated during the third quarter mainly due to lower Chinese t
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