In Focus: Eyewear companies report 2023 growth

^{EssilorLuxottica eyewear manufacturing}

A positive outlook was reported in full-year financial results published by Kering Eyewear, De Rigo, Inspecs and EssilorLuxottica, despite global uncertainties.

Increases in either revenue, sales or earnings before interest, taxes, depreciation and amortisation (Ebitda) were noted by all of these titans of the eyewear industry.

Kering Eyewear’s revenue hit a new record of €1.5bn in 2023, which was up 10% on a comparable basis, because of the consolidation of Maui Jim and development of its brand portfolio. The luxury eyewear company said sales were up 6% on a comparable basis in the fourth quarter of 2023 and recurring operating income rose to €276m.