PARIS Feb 27 Lens maker Essilor aims
to more than double its revenue from sunwear to 1.1 billion
euros ($1.5 billion) by 2018, Chief Executive Hubert Sagnieres
told reporters on Thursday.
The world's largest maker of ophthalmic lenses also aims to
gradually increase its operating margin to 19.5 percent in 2016
from 18.1 percent in 2013.
This margin target excludes the impact of acquisitions,
which Sagnieres said Essilor would continue to pursue this year
in the sun lens and online segments, without giving more
The acquisition of Canadian online retailer Coastal.com
for about $388 million should dilute the operating
margin by "a few basis points" this year and next, he added.
Essilor said earlier it was betting on sunwear and emerging
markets to boost revenue growth and profitability this year
after weaker-than-expected 2013 results.
($1 = 0.7317 euros)
(Reporting by Noelle Mennella and Natalie Huet; Editing by