EssilorLuxottica’s total revenue rose by 37% in the first half of the financial year in 2022, compared to 2021.
The company stated that the second quarter total revenue was at €6,387m, with vision care representing approximately 70% of total revenue. Brick-and-mortar sales have progressed by 7%, while e-commerce is steady. Among operations, the direct to consumer performed highest with growth of 8.5% at constant exchange rates, while professional solutions advanced by 5.5%.
North America had a positive start to the year, but declined due to ‘deteriorating business conditions’, while the EMEA bounced back (+12.40%) and Asia-Pacific maintained positive levels despite restrictions to Chinese business but was the only region to not expand direct to consumer sales.
The company stated that long term growth has been supported by key projects and partnerships, including the GrandVision integration and the OneSight EssilorLuxottica Foundation for inclusive care access.
Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica, commented: ‘We’re pleased to report a strong first half of 2022, with sound growth in all regions and a substantial increase of our operating margin. Our performance, particularly in a challenging environment, reflects the strength of our open network model, our willingness to push the boundaries of innovation and the skills and energy of our people.’
