EssilorLuxottica Posts Strong Rise in 1Q Revenue

By Cristina Roca

EssilorLuxottica SA said Friday that its first-quarter revenue rose strongly, driven by growth in all regions.

The French-Italian optical company said revenue for the quarter came in at 5.61 billion euros ($6.08 billion). The result was up 38% from the prior-year period, when EssilorLuxottica wasn't yet including the results of GrandVision, the Dutch optical retailer it recently acquired, in its accounts.

On a comparable basis, quarterly revenue was up 12% at constant exchange rates, EssilorLuxottica said.

The owner of the Ray-Ban and Oakley brands said revenue growth was especially strong in the Europe, Middle East and Africa and the Latin America regions, while North America was also robust.

Write to Cristina Roca at [e-mail]

(END) Dow Jones Newswires

04-22-22 0131ET