Strong euro slows EssilorLuxottica

The strong euro caused the eyewear group EssilorLuxottica to experience a decline in sales in the summer. At just under 6.3 billion euros, revenue was 1.6 percent lower than a year earlier, as the company with eyewear brands such as Oakley and Ray-Ban announced on Thursday evening in Charenton-le-Pont. At constant exchange rates, sales would have increased by 5.2 percent, more than analysts expected on average.

Leaving currency fluctuations aside, business picked up particularly strongly in the Asia-Pacific region. Sales here grew by 11.7 percent after adjusting for currency effects. The much larger Europe, Middle East and Africa business area achieved an increase of 6.9 percent, and in the region with the highest sales, North America, EssilorLuxottica increased sales by 2.1 percent.

EssilorLuxottica includes, among others, the Apollo and Sunglass Hut optician chains. The company also produces glasses for luxury brands such as Dolce & Gabbana, Chanel and Armani. (dpa)

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