Positive first half for Essilor

September 10 2004

The Board of Directors of Essilor International yesterday announced the financial results for the six months ended June 30, 2004.

Sales amounted to €1,134.5 million, up 13.8%, excluding the currency effect, led by strong 7.8% organic growth and supported by an assertive acquisitions strategy. First-half highlights included:
- an excellent performance in all regions. On a like-for-like basis, sales increased by 5.5% in Europe, 8.9% in North America, 13.7% in the Asia/Pacific region and 19.2% in Latin America;
- the successful introduction of new products, in particular the Crizal® Alizé™ antireflective treatment and the Varilux® Ellipse™ small-frame progressive lenses;
- changes in the scope of consolidation added 6% to sales growth. They mainly concerned the first-time consolidation of companies acquired in 2003.

Net income after minority interests increased 11% to € 114.2 million.

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