GrandVision acquisition boosts EssilorLuxottica financial results

Group revenue in the 2021 financial year at EssilorLuxottica was up 40% compared to 2020 largely because of the acquisition of GrandVision.

The optical supplier noted that the UK was at forefront of 8.2% growth in Europe, Middle East and Africa (EMEA), with EMEA now accounting for 37% of total revenue.

In a joint statement, Francesco Milleri and Paul du Saillant, CEO and deputy CEO of EssilorLuxottica, said: ‘Looking at our financial results, 2021 has been an extraordinary year for EssilorLuxottica. In the face of a continuously challenging environment, we managed to grow our sales and profits beyond pre-pandemic levels, meeting our guidance on sales and exceeding it on operating margin.’