Friday, February 19, 2016

Essilor confident for 2016 – Le Figaro

The world leader in ophthalmic lenses, Essilor French, was confident Friday 2016 after releasing the results on the increase and in line with its targets last year. The group recorded a 17% increase in net profit in 2015 to € 757 million, with an annual turnover of 6.716 billion euros (+ 18.4% or + 4.6% organic), a statement said.

Essilor and last year reached its target of organic growth above 4.5% after a further acceleration in sales in the last quarter, when they rose 5.3 % organically to nearly 1.69 billion euros. It aims this year organic growth “around 5%” and an increase in sales excluding currency effects “above 8%” (against 8.5% last year). In the medium term, expanding the group’s business scope and approach to get closer to the consumer should continue to result in an acceleration of organic growth in revenues, “more than 6% in 2018″ and an increase in profitability, says the company.

“Essilor fate still reinforced fiscal 2015″ and addresses 2016 “confidence and determination,” said CEO Hubert Sagnières, quoted in the statement said. The acceleration in organic growth throughout the past year and a profitability level “record” according to Mr. Sagnières illustrate the success of the deployment strategy in new segments of eye health, such as solar and frames online sales.

Annual sales of the solar division ( “Sunglasses and readers”) experienced last year a record increase of 7.3% in organic terms to 673 million euros.

The main division of the glasses she had a smaller increase (+ 4.8% to 5.84 billion euros) but appears in growth in all geographic areas.

The optical market remained bearer in 2015 with underlying trends as demand linked to population aging in the world and visual unmet needs, particularly in emerging countries, said the group. The Board of Directors proposed a dividend of 1.11 euro per share for the year, against 1.02 euros for 2014.


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