Essilorluxottica (OTC) ( (ESLOY) ) has released its Q4 earnings. Here is a breakdown of the information Essilorluxottica (OTC) presented to its investors.
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EssilorLuxottica is a global leader in the design, manufacture, and distribution of advanced vision care products, eyewear, and med-tech solutions, renowned for its iconic brands such as Ray-Ban and Oakley, and its commitment to innovation and sustainability.
In its 2024 earnings report, EssilorLuxottica reported a notable growth in revenue and profit margins, driven by the successful integration of innovative products and strategic acquisitions. The company highlighted a 9.2% increase in Q4 revenue and a 6.0% growth for the full year at constant exchange rates, underscoring its sustained market performance.
Key financial highlights include a significant rise in group revenue, reaching 26.5 billion euros, and an improved operating margin of 17.0%. The company’s smartglasses, particularly Ray-Ban Meta, and the newly launched Nuance Audio glasses, have emerged as strong growth drivers. Additionally, the Stellest lenses continued to perform well in China with a 50% increase in revenue in Q4.
Looking forward, EssilorLuxottica remains optimistic about its growth prospects, emphasizing its commitment to med-tech advancements and sustainability. The company aims to maintain its momentum, driven by strategic partnerships and an expanding product portfolio, while maintaining a strong focus on reducing its environmental impact.
