October 24, 2013 / 4:51 AM / in 4 years

Essilor cuts sales goal again on N.America, acquisitions

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PARIS, Oct 24 (Reuters) - Essilor, the world's largest maker of ophthalmic lenses, cut its full-year growth target again on Thursday, citing a slower-than-expected recovery in North America and delays in finalising some acquisitions.

The company now expects 2013 like-for-like revenue including bolt-on acquisitions to rise around 6 percent. The company had cut its forecast to close to 7 percent in August, a slowdown from 8 percent last year.

Third-quarter sales rose 7.1 percent to 1.24 billion euros ($1.71 billion), Essilor said in a statement.

Essilor stuck to its target for a high level of profitability, however, as it rolls out new products. Its operating margin was 18.3 percent in the first six months of the year.

($1 = 0.7256 euros)

Reporting by James Regan

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