The Wholesale division posted revenue down 5.3% (-1.2% at constant exchange rates1), marking a sharp improvement compared to the second quarter, supported in particular by a positive geographical and price-mix effect. Third Quarter 2020 RevenueStrong recovery driven by resilient optical business Revenue down 1.1% at constant exchange rates1 (-5.2% at current exchange rates)Optical business and developed markets back to year-on-year growth1E-commerce continued to grow fast, up 40%1 year-to-date to a record Euro 878 millionStrong Free Cash Flow2 and liquidity Charenton-le-Pont, France (November 3, 2020 ��� Third Quarter 2020 RevenueStrong recovery driven by resilient optical business. The ClickCheck, a revolutionary new screening tool, was launched by Essilor’s Base-of-Pyramid Innovation Lab. In Asia, Oceania and Africa, revenue declined by 11.4% (-8.3% at constant exchange rates1). In the US, FGX was still down year-on-year despite double-digit growth in e-commerce and good sell-through trends, especially in dollar stores, while department stores and travel retail continued to suffer. Emerging markets3 were down year-on-year, with a magnitude reflecting their respective COVID-19 stage: sales in Latin America and India declined markedly year-on-year, while they were up materially in Greater China. The performance in Japan suffered from weak traffic in particular in department stores as well as from lower tourism flows. Promising results were registered on the more resilient optical side of the division. (PRESS RELEASE) CHARENTON-LE-PONT, FRANCE ��� EssilorLuxottica announced that consolidated revenue for the third quarter of 2020 totalled Euro 4,085 million, representing a year-on-year decline of 5.2% (-1.1% at constant exchange rates1 ) and highlighting a strong sequential recovery compared to the second quarter of 2020. The division continued to be challenged by the wait-and-see attitude of several customers regarding their capital investments. STARS closed the quarter slightly above 16,700 doors (after 50 net additions in the period, mostly in the US and Brazil), posting 23% growth in revenue at constant exchange rates1 and representing approximately 18% of the division’s total business. This was underpinned by the Company’s flexible supply chain, which supported all product categories at both global and local levels. Equipment sales were down 28.1% at constant exchange rates1 as cash preservation by its clients during the pandemic weighed on their investments. All entities improved sequentially. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. The Wholesale division suffered in both Mexico and Brazil, where approximately 70% of the STARS doors were still closed at the end of September. To continue reading it, access the original document here. In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery Revenue growth at constant exchange rates 2 ��� The Retail division was down 19.7% at constant exchange rates1 primarily dragged by the sun banners, suffering due to their exposure to touristic locations. To face the challenges and opportunities created by the current uncertain times, the Company lived up to its mission by supporting its employees and customers when they needed it most. Global net sales of Luxottica 2007-2019; Global revenue of EssilorLuxottica 2018-2019, by geographical area; Global revenue of ... April 10, 2019. In terms of trade channels, sales were driven by independent ECPs, who benefitted from the consumer preference for the high street, and by e- commerce with strong performances at EyeBuyDirect.com, Clearly.ca and VisionDirect.co.uk. As the pandemic reaccelerates throughout Europe and this second wave increases the level of uncertainty over the weeks to come, the Group will continue to prioritize these areas, while focussing on employee protection, business continuity and close partnerships with customers and other stakeholders. In parallel, management will continue to build a strong combined Group, deepen the integration and deliver synergies, while continuing to control costs and preserve cash. Australia remained the most resilient market, with sales growth at constant exchange rates1 and adjusted comparable store sales4 both in positive territory. In terms of trade channels, sales were driven by independent ECPs, who benefitted from the consumer preference for the high street, and by e-commerce with strong performances at EyeBuyDirect.com, Clearly.ca and VisionDirect.co.uk. 3Q 2020 Revenue 1 ESSILORLUXOTTICA 3Q 2020 REVENUE. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. * The breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica���s brand portfolio (see appendix). In the US, FGX was still down year-on-year despite double-digit growth in e-commerce and good sell-through trends, especially in dollar stores, while department stores and travel retail continued to suffer. Wholesale remained under pressure over the period, showing nonetheless progressive improvements compared with the first half of the year. In terms of geographies, the divisional performance was driven by a strong North America and a positive Europe, while Asia and Latin America continued to be under significant COVID-related pressure. The quarterly performance in the country was driven by optical, which more than offset the negative impact arising from the shutdown in the State of Victoria. Storesthat are or were temporarily closed due to the COVID-19 crisis are excluded from the calculation for the duration of thestore closure. At the end of September, more than 95% of the Company’s stores had reopened across the globe. E-commerce was up strong double digits for the banner. Back to school performance of the chain was sustained by the “Your Eyes First” campaign, which drove positive doctor appointments and favorable price-mix. The new environment has proved more supportive of cost synergies with key achievements in the fields of procurement, IT, lab unification and back-office. 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