E-commerce was up 40%1 to a record Euro 878 million in the first nine months of 2020, driven by the Company's proprietary brand platforms (Ray- Ban.com, Oakley.com and SunglassHut.com) as well as several multi-brand sites (EyeBuyDirect.com, Clearly.ca, Visiondirect.co.uk). All entities improved sequentially. Australia remained the most resilient market, with sales growth at constant exchange rates1 and adjusted comparable store sales4 both in positive territory. Strong recovery driven by resilient optical business Charenton-le-Pont, France (May 5, 2020 ��� 7:00am) ��� EssilorLuxottica today announced that consolidated revenue for the first quarter of 2020 totalled Euro 3,784 million, representing a year-onyear decline of 10.1% compared to Q1 2019 revenue (-10.9% at constant exchange rates1), revealing good resistance in the current unprecedented global crisis. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. They swiftly adapted to a challenging environment and a new way of working, enabling the company to continue its solid recovery. This will be done by launching innovative products, transforming the consumer journey, enhancing digitalisation and capitalizing on a robust supply chain. Uplift in Sales and Net Profit growth Strong foundation to accelerate synergy delivery Revenue growth at constant exchange rates 2 ��� In parallel, the Company leveraged its unique ability to engage with independent eye care professionals. Revenue troughed in April before staging a marked sequential recovery from May as the lockdowns were gradually lifted. Post-lockdown conditions revealed the strong entrepreneurial spirit driving ECPs and their ability to adapt swiftly to the new business environment. Online sales showed strong momentum in prescription eyeglasses. The Lenses & Optical Instruments division declined by 14.4% at constant exchange rates1, a better performance than the Group average illustrating the structural resilience of optical needs. Retail performance in Greater China was affected by a third wave of COVID-19 cases in both Hong Kong and Beijing, but progressive improvements were seen in the rest of Mainland China with an overperformance in the optical category. Direct e-commerce continued to outperform, with revenue from mono-brand platforms up almost two thirds at constant exchange rates1, boosted by Ray-Ban.com, Oakley.com and SunglassHut.com, all mostly driven by sunglasses sales as well as helped by focused promotions. This was supported not only by pent-up demand but also by an enhanced awareness from consumers about the need to take care of their eyes, particularly as they spend more time in front of screens in the COVID-19 new normal. Luxottica Retail NA's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. 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. During the third quarter, EssilorLuxottica continued its efforts to create sustainable access to vision care for underserved communities around the world as part of its global ambition to eliminate uncorrected poor vision by 2050. The COVID-19 crisis has turned out to be a clear catalyst for EssilorLuxottica to implement key decisions made just before the pandemic: to deepen its integration, simplify its organisation, accelerate its decision-making process, digitalise its business and transform the eyecare and eyewear industry while controlling costs and preserving cash. EssilorLuxottica Societe Anonyme annual revenue for 2019 was $19.477B, a 52.72% increase from 2018. Charenton-le-Pont, France (November 3, 2020 – 7:00am) – EssilorLuxottica today 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. Business nicely restarted in July and August in all major countries, while September came in softer. The Company remains on track to deliver cumulative synergies of Euro 420 to 600 million as a net impact on adjusted5 operating profit by 2023. Consumables, spares and maintenance services were more resilient. 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. Combined with our drive to promote our large portfolio of brands, digitalise the consumer journey and more broadly reshape and transform the eyecare and eyewear industry, this all gives us great confidence in the Group's future prospects for 2021 and beyond", commented Francesco Milleri, Deputy Chairman and CEO of Luxottica, and Paul du Saillant, CEO of Essilor. In return, the strong motivation, commitment and professionalism of EssilorLuxottica's 150,000+ people and 400,000+ professional customers enabled the Group to continue to exercise its responsibility and industry leadership, thanks to a strong pipeline of innovative branded products well suited to the new environment and an eagerness to enhance the in-store consumer experience. 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. The COVID-19 crisis has turned out to be a clear catalyst for EssilorLuxottica to implement key decisions made just before the pandemic: to deepen its integration, simplify its organisation, accelerate its decision-making process, digitalise its business and transform the eyecare and eyewear industry while controlling costs and preserving cash. Patrick Mahomes, LIV Super Bowl MVP Optical activities, which represent a solid 70% of the Company’s revenue, drove the regained sales momentum. Revenue synergies were somewhat delayed by temporary store closures but are gradually catching up, with important milestones reached on complete pairs (Ray-Ban Authentic), joint ECP programmes (EssilorLuxottica 360) and cross-selling. Sunglasses & Readers revenue was slightly up year-on-year. After a challenging first half of the year, sunglasses sales started to fare better. This was underpinned by the Company's flexible supply chain, which supported all product categories at both global and local levels. “We are pleased with the strong rebound that our Company delivered during the third quarter and proud of all of our employees who made this possible. Revenue of the eyewear market worldwide by country 2019; Global Rx sunglass market revenue in 2019 ... Luxottica, & EssilorLuxottica. The positive performance at constant exchange rates1 reflected both the structural nature of vision needs, increased consumer awareness about eye care brought about by COVID-19 and an element of pent-up demand. The new Varilux Comfort Max was launched in the USA during the quarter and the new Crizal Rock started in Canada in September. Retail was equally down, with all countries in the region suffering especially in the beginning of the quarter. Declining sales of new machines were offset by consumables and maintenance revenue. The Sunglasses & Readers division posted revenue down 8.0% (-4.0% at constant exchange rates1). Instruments sales were also back into positive territory in September as opticians were eager to start investing again to further improve consumer experience. Storesthat are or were temporarily closed due to the COVID-19 crisis are excluded from the calculation for the duration of thestore closure. The Retail division registered revenue down 8.3% (-4.6% at constant exchange rates1), with the number of open corporate retail locations going from 90% of the total at the beginning of the period to more than 95% at the end of the quarter. The more discretionary character of the business and marked exposure to touristic flows weighed on the results of Sunglass Hut, which posted negative high-single-digit adjusted comparable store sales4. New products were also supportive of the mix with Transitions GEN 8, AVA lenses and VR-800 measuring instruments continuing their ramp-up. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. The Retail division was negative in the quarter. The Sunglasses & Readers division posted revenue down 8.0% (-4.0% at constant exchange rates1). Third-partye-commerce platforms played a role in the recovery, in particular in North America. Combined with our drive to promote our large portfolio of brands, digitalise the consumer journey and more broadly reshape and transform the eyecare and eyewear industry, this all gives us great confidence in the Group’s future prospects for 2021 and beyond”, commented Francesco Milleri, Deputy Chairman and CEO of Luxottica, and Paul du Saillant, CEO of Essilor. The division enjoyed a good product mix thanks among others to anti-fatigue and blue-cut lenses, which alleviate the eye strain from the increased screen time triggered by the pandemic. Third-quarter 2020 revenue by operating segment. With the second wave of COVID-19 leading to new lockdowns in Europe, our priority remains the protection of our employees and the engagement with our customers and stakeholders, while we continue to closely manage business continuity and to control costs. Developed markets returned to year-on-year revenue growth at constant exchange rates1 in the third quarter, driving the Company’s performance. Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. With the second wave of COVID-19 leading to new lockdowns in Europe, our priority remains the protection of our employees and the engagement with our customers and stakeholders, while we continue to closely manage business continuity and to control costs. And VR-800 measuring instruments continuing their ramp-up the chain ’ s flexible supply chain other economies, conditions!, trading conditions at the end of September of COVID-19 of COVID-19 and in-storetele-optometry ESLX.PA Bloomberg! Consolidated revenues of Euro 17.4 billion better benefitting from the prior year period 30, 2020, driving recovery!, up double digits in September and ended the quarter thus consolidating the encouraging trajectory in sell-out data the. Half of the Company 's go-to- market strategy fare better global leader in the few. 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