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Eyewear group Essilor's Q1 sales rise, company keeps targets
April 25, 2017 / 4:55 AM / 7 months ago

Eyewear group Essilor's Q1 sales rise, company keeps targets

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

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