CHARENTON-LE-PONT, France—Essilor International (ESSI: PA) reported consolidated revenue of €3.9 billion for the six months ended June 30, 2017, up 9.1 percent from year-ago, or 6.9 percent in constant currency and 2.5 percent in like-for-like terms. In line with previously announced expectations, adjusted contribution from operations amounted to 18.4 percent of revenue.

Essilor said its performance for the first half was characterized by revenue growth in the lenses and optical instruments division of 5.8 percent in constant currency, of which 2.7 percent like-for-like growth. This included gains in North America where like-for-like sales growth accelerated from 2.3 percent in first quarter, 2017 to 3.1 percent in the second quarter; a resilient performance in Europe supported by the recent Eye Protect System and Varilux X series launches; an expansion of sales in fast growing markets dampened by a decline in Brazil; a 14 percent increase in online sales. Essilor also reported a 1.5 percent decrease in like-for-like sales for the sunglasses and readers division. The company said it is facing a more challenging market environment following the announcement of the proposed combination with Luxottica.

“The first half of the year marks another step forward in our mission to eradicate poor vision around the globe,” commented Hubert Sagnieres, chairman and CEO. “Worldwide demand for better vision continues to grow and the strength of our business model, based on innovation, acquisitions and partnerships was demonstrated through continued progression in our results. The vast unmet need for vision correction and protection translate to exciting mid to long term opportunities, despite a more challenging near term market environment linked to the announcement of Essilor’s pending combination with Luxottica. We are in progress to finalize the agreement and are more confident and enthusiastic than ever about the opportunities ahead as we build the foundation for future growth.”

Essilor posted €1.9 billion in revenue for second quarter 2017, up 8.2 from year ago. The company said that despite a tougher industry environment linked to the reaction of some players to the announcement of the proposed combination with Luxottica, like-for-like growth improved to 2.5 percent, while changes in consolidation scope added 4.4 percent.