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Ray-Ban maker EssilorLuxottica posts higher quarterly revenue

FILE PHOTO: A Ray-Ban sunglass body is pictured on the market in a Sunglass Hut, each manufacturers owned by EssilorLuxottica SA, in Manhattan, New York Metropolis, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Picture

(Reuters) – French-Italian eyewear group EssilorLuxottica SA reported a pointy rise in first-quarter income on Friday, helped by sturdy efficiency throughout most areas.

The maker of Oakley and Ray-Ban sun shades reported income of 5.61 billion euros ($6.09 billion) for the primary three months of the yr, up 38.1% from a yr earlier at present alternate charges.

China gross sales fell in March following a surge in COVID-19 instances within the nation and associated lockdowns. The nation’s race to cease the pandemic is clogging highways and ports, stranding employees and shutting numerous factories, disruptions which can be rippling via world provide chains.

EssilorLuxottica will maintain its Capital Markets Day on Sept. 14, throughout which analysts count on the corporate to offer particulars on integration and synergy targets from its Grandvision acquisition accomplished this yr.

($1 = 0.9219 euros)

Reporting by Juliette Portala; Modifying by Clarence Fernandez and Shounak Dasgupta

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