Pearle Europe and the other optical retail companies that belong to HAL Holding raised their combined revenues for the first half of 2009 by 3.3 percent to €1,002 million, €46 million of it from acquisitions. An additional boost came from new stores. However, currency effects hurt the top line by €38 million.
Comparable store sales on a currency-neutral basis fell by 1.6 percent. The operating result fell by 11.7 percent for the segment to €122.7 million, affected by currencies and the drop in comparable store sales.
HAL Holding overall had net sales of €1,702 million, a 1.2 percent drop from the first six months of 2008. Net income plunged by 44.1 percent to €133 million. The company believes that operating income for all of 2009 will be below last year's, but would not give out a forecast for its net income.