Essilor awarded 3rd place in the Grand Prix Investor Awards 2013 for the second year running.
Organized jointly by Boursorama and Morningstar, every year the Investor Awards honor the best publicly-traded companies and fund management companies in the eyes of private and professional investors.
Essilor International and Costa Inc. today announced the signature of an agreement for the acquisition of all outstanding shares of Costa Inc., a US leader in high-performance sunglasses. Previously known as A.T. Cross, Lincoln, RI-based Costa Inc. (NASDAQ: ATX) designs, assembles and markets sunglasses under the Costa® and Native® brands. It is expected to report approximately $100 million in revenue in 2013.
Solid Growth in the Third Quarter
- Revenue growth (like-for-like plus bolt-on acquisitions*) of 7.1%- Successful innovations and strong contribution from acquisitions- Agreement to acquire Transitions Optical- Outlook for full year 2013: Revenue growth** around 6% with high level of contribution margin maintained
*Local acquisitions or partnerships **Like-for-like growth plus bolt-on acquisitions
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3.7% sales growth at constant exchange rates, Contribution from operations of 18.3%
Essilor announced its First-half 2013 Results on August 29, 2013.
Key highlights are:- Success of new products- Sustained demand in major fast-growing markets- Strong momentum in the acquisition strategy- High prior-year comparatives
Essilor International announces the signature of an agreement to acquire the 51% stake in Transitions Optical owned by PPG. Transitions Optical is a leading provider of photochromic lenses to optical manufacturers worldwide.
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Click here to download the transcript of the conference call
10/24/2013 Q3 2013 Revenue
Transcript - Click here
08/29/2013 First-Half 2013 Results
Presentation - Click here
08/29/2013 2013 Interim Financial
Report - Click here