ESLOY Essilor Luxottica (PK)

   By Alberto Delclaux 
 

Essilor International SA (EI.FR) said Friday that first-quarter revenue fell 5.8%, hit by the appreciation of the euro against other currencies.

Revenue at the French optical-lens maker was 1.83 billion euros ($2.22 billion) compared with EUR1.94 billion a year earlier. Essilor said it had restated its 2017 figures as a result of the new IFRS 15 accounting standards.

On a like-for-like basis, revenue grew 3.2%, Essilor said.

"After this sound start to the year, notably thanks to good performances in sunwear and e-commerce, we are confident that we will meet our full-year targets," Chief Executive Hubert Sagnieres said.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

April 27, 2018 01:22 ET (05:22 GMT)

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