1 Min Read
PARIS, April 25 (Reuters) - French eyewear company Essilor , which is in the process of merging with Italian peer Luxottica, reported higher first-quarter revenues and maintained its financial targets.
Essilor, which is the world's largest maker of opthalmic lenses, said first-quarter revenues had risen by 10 percent from last year to 1.96 billion euros ($2.1 billion), helped by growth in the United States and China.
The company reiterated its 2017 target for revenue growth between 3 percent and 5 percent at constant exchange rates, and also kept its forecast of a higher level of profitability in the second half of the year versus the first half.
Earlier this year, Essilor and Luxottica unveiled a merger plan of 46 billion euros to create a global eyewear powerhouse with annual revenue of more than 15 billion euros.
$1 = 0.9206 euros Reporting by Sudip Kar-Gupta; Editing by Sherry Jacob-Phillips