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Reuters API
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Published
Mar 12, 2022
Mar 12, 2022
EssilorLuxottica targets profit growth into 2026
By
Reuters API
Reuters API
Published
Mar 12, 2022
Mar 12, 2022
Luxury eyewear group EssilorLuxottica expects its adjusted operating profit to reach 19-20% of revenues in 2026, it said on Friday, after it recorded the best quarter of 2021 with all regions exceeding pre-pandemic revenue.
The maker of Oakley and Ray-Ban sunglasses posted fourth-quarter revenue of 5.58 billion euros ($6.14 billion), compared with 4.11 billion last year and 4.30 billion in 2019, including GrandVision.
EssilorLuxottica in July acquired over 76% stake in Dutch company GrandVision and announced mandatory offer for the remaining shares.
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