Full Year 2020 Results Resilience, Digitalization and Synergies Lead To
Full year 2020 results Resilience, digitalization and synergies lead to strong recovery and solid foundations for the future Swift reaction to COVID-19 pandemic in favor of employees, customers and society at large Solid sequential revenue recovery between first and second half of the year Lenses & Optical Instruments, Retail and e-commerce drive momentum Rich innovation pipeline and brand investments position Company optimally for the future Strong rebound in reported3 as well as adjusted2 operating margin in the second half Free cash flow4 exceeds prior year, synergies and integration on track Charenton-le-Pont, France (March 12, 2021 – 7:00am) - The Board of Directors of EssilorLuxottica met on March 11, 2021 to approve the consolidated financial statements for the year ended December 31, 2020. These financial statements were audited by the Statutory Auditors whose certification report is in the process of being issued. “To really understand what EssilorLuxottica is made of, just look at how we fought through the past year, the way we flipped adversity on its head and turned it into fuel for 2021. Our Company and our people showed new levels of adaptability and customer loyalty in the first half of the year. In the second half, we shifted into a new gear – recovery and reinvestment mode – while continuing to give our teams, our partners and customers the resources and support they needed to make a comeback. This is the hallmark of a leader using its best characteristics to raise the bar for all its stakeholders: an inspiring mission, high employee shareholding, close customer relationships, digital acceleration, supply chain flexibility, and brand and product innovation.
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