EssilorLuxottica: Q2/H1 2023 Results - Strong sales growth, solid margins confirmed
25 Julho 2023 - 1:00PM
EssilorLuxottica: Q2/H1 2023 Results - Strong sales growth, solid
margins confirmed
Q2/H1
2023 RESULTS
Strong
sales growth, solid
margins confirmed
All regions and
segments growing
On track with carbon
neutrality in Europe by end of 2023
- Group’s
revenue up 8.0% in Q2 and 8.2% in H1 at constant exchange
rates1
- EMEA
double-digit up in Q2, China rebounding
strongly, North
America positive
- Retail
in EMEA as a key
driver,
with the integration
accelerating
-
Stellest more than doubling in
H1, Varilux XR
successfully launched and
Ray-Ban Reverse delivering
disruptive design and
technology
-
Adjusted2
operating profits
margin at
18.5% at
constant exchange rates1, +10bps
vs H1 2022
-
Free cash
flow5
at Euro 954
million in
H1
Charenton-le-Pont, France
(July
25,
2023 -
6:00
pm) – The Board
of Directors of EssilorLuxottica met on July 25, 2023 to approve
the condensed consolidated interim financial statements for the six
months ended June 30, 2023. The Statutory Auditors have performed a
limited review of these financial statements. Their report is in
the process of being issued.
Francesco Milleri, Chairman and CEO, and Paul du
Saillant, Deputy CEO at EssilorLuxottica commented: “At the halfway
point of 2023, we are proud of our performance, including strong
top line growth and our ability to keep the pace on margins, both
on track with our long-term outlook. Our innovation pipeline
continues to run deep – in the past six months, we introduced
Varilux XR lenses powered by AI, launched a design disruption with
Ray-Ban Reverse and rolled out Stellest in additional markets. We
have also delivered novelties at the heart of our house and
licensed brands. The back half of the year will be very dynamic, as
we further expand our Ray-Ban Stories in partnership with Meta with
more functionalities and we prepare to step into the hearing
solutions market with a groundbreaking technology. At the same
time, we are on track to be carbon neutral in Europe in 2023. Our
investment in talent and know-how continues to fuel all of our
projects as we advance on embracing our common culture. Today, our
skilled teams are operating in lock step to achieve our goals and
giving us a solid foundation to continue building EssilorLuxottica
successfully.”
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