EssilorLuxottica’s revenue up in Q2

EssilorLuxottica’s second quarter results for 2024 revealed a revenue increase of 5.2% at constant exchange rates to €6,955m on top of a strong performance for the same period last year.

Growth was slowest in North America and most significant in Europe, Middle East, and Africa (EMEA) with Stellest rising by more than 80% and the myopia management portfolio driving sales in Asia-Pacific.

In frames, Ray-Ban posted healthy high-single digit growth, driven by traditional and smart eyewear, while Prada was the best performing name in the license portfolio.

Francesco Milleri, chair and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica, said: ‘With top line growth, margin expansion and record cash flow, the last six months further solidified our long-term outlook.’