Just over a year has passed since we announced, together with Essilor, a historic agreement to combine our two companies and create a major integrated player in the eyewear industry. Our vision is to push beyond the boundaries of the sector to unlock greater value for our customers and consumers.
By integrating the beauty and craftsmanship of our design and the prestige of our brands with high-quality lenses manufactured with advanced digital technologies, we will offer innovative products and services that satisfy the needs and desires of people everywhere.
The agreement with Essilor, which we expect to close in the first half of 2018, will allow us to accelerate the completion of our integrated model by adding the final component to our value chain. Lenses and frames will be created as a single product right from conception through design and production. Waiting to write a new chapter of our history together with our French partners at Essilor, in 2017 we continued to invest in our strategic priorities, mindful of the opportunities ahead for the Group.
Over the last three years, we have completed initiatives and a strategic refocusing that have improved the quality and competitiveness of the Group. This allowed us to close a record year in terms of revenues and of both earnings and cash generation, over one billion Euro. Our net margin was above the 10% threshold again after fifteen years.
Sigue leyendo la Memoria Anual 2017 aquí
