Optics also suffers from the cost of the Covid-19. The giant EssilorLuxottica, number one in the world in its sector, closed the first half with a turnover of 6,230 million euros, 29% less than in the same period of the previous year. The company has minimally dodged the red numbers, with a profit of seven million euros, compared to 1,047 million euros in the first half of 2019.
The line of lenses and optical instruments reduced sales by 23% but in July it had practically recovered the levels of last year. "The division began to recover in April thanks to an appetite for visual solutions after the increase in screen consumption during confinement," explains the company. The sunglasses and reading line fell 28%, although it managed to cushion the fall thanks to exposure to China, the first market to reopen.
EssilorLuxottica generated 10% of its sales through the Network
By channels, retail shrunk 27%, with a gradual recovery from May as stores reopened. In New Arrival, turnover decreased by 43%, although orders have normalized in the last two months of the semester.
By last, online sales soared 43% in the first half of the year and 68% only in the second quarter, up to 10% of the turnover, compared to the 5% that it represented last year.
In parallel, the group's board of directors approved the appointment of Paul du Saillant as the new international manager of Essilor, replacing Laurent Vacherot, who is retiring.