Essilor’s 2015 profit rises, sees higher revenue in 2016

(Reuters) — Essilor International (EPA:EI), the world’s largest maker of ophthalmic lenses, said today that operating profit rose 19.6% in 2015 and forecast that revenue would grow over the coming years, helped by demand from an aging population.

Operating profit rose to €1.18 billion ($1.31 billion) last year from €989 million in 2014, while revenue rose 18.4% to €6.72 billion ($7.47 billion).

“In 2015, the optical market continued to be driven by demand from the world’s ageing populations and unmet vision needs,” the company said in a statement.

Essilor forecast full-year 2016 revenue growth, at constant exchange rates, of more than 8%, including a like-for-like gain of around 5%. It predicted revenue growth of more than 6% in 2018.

($1 = 0.9001 )

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