Essilor International SA's (EI.FR) third-quarter revenue rose despite negative effects from currency movements, natural disasters and tax reform, it said Tuesday.
Revenue for the period grew to 1.75 billion euros ($2.06 billion) compared with EUR1.72 billion a year earlier. Like-for-like sales were up 2.5% for the manufacturer of ophthalmic lenses.
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The French company estimates that the overall rate of revenue growth was stunted by more than 50 basis points due to the tax reform in India--which disrupted on mid-range product sales and distribution--as well as the weather events in the Americas.
Essilor expects to deliver constant-currency revenue growth of between 6% and 7% for the year, with like-for-like growth of around 3%.
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(END) Dow Jones Newswires
October 24, 2017 01:40 ET (05:40 GMT)