Ray-Ban maker EssilorLuxottica’s gross sales rise as Asia-Pacific rebounds By Reuters

(Reuters) -Eyewear group EssilorLuxottica reported an increase in its third-quarter revenues on Friday, noting a rebound in gross sales within the Asia-Pacific area.

The Oakley and Ray-Ban sun shades maker’s income reached 6.39 billion euros ($6.24 billion) within the three months to Sept. 30, up 8.2% on the 12 months at present trade charges.

Asia-Pacific was the group’s quickest rising area within the quarter with a 22.7% income rise at fixed trade charges to 761 million euros.

The retail enterprise specifically bounced again strongly within the area, EssilorLuxottica mentioned, after a destructive second-quarter efficiency hit by COVID-19 lockdowns in mainland China.

Revenues additionally grew in North America, the corporate’s largest market, the place it posted gross sales of three.01 billion, a 3.4% rise at fixed trade charges. This enhance was pushed by the direct to shopper division, the group mentioned.

EssilorLuxottica makes glasses for manufacturers equivalent to Chanel and Prada (OTC:), amongst others.

Regardless of issues that the posh business’s post-pandemic increase may very well be cooling resulting from a looming recession, Birkin bag maker Hermes on Thursday mentioned there have been no indicators of a slowdown as far as U.S. customers took benefit of the greenback’s energy in Europe and China rebounded sharply, echoing earlier upbeat feedback from Louis Vuitton proprietor LVMH.

EssilorLuxottica reiterated its long-term outlook introduced in March and confirmed at its Capital Market Day final month.

($1 = 1.0235 euros)