EssilorLuxottica’s second-quarter and first-half 2022 results: Sound revenue growth and strong margin expansion in a challenging environment
29 July 2022 - 3:00PM
EssilorLuxottica’s second-quarter and first-half 2022 results:
Sound revenue growth and strong margin expansion in a challenging
environment
EssilorLuxottica’s
second-quarter
and first-half
2022 results
Sound revenue growth and
strong margin
expansionin a
challenging environment
-
Group’s revenue
up 36%
in Q2 and
37% in H1
vs 2021
-
Comparable
revenue1,3
up 7.0% in
Q2 and
9.1% in H1 vs
2021
-
EMEA continuing to
grow double
digits, NA
decelerating but still
positive
-
GrandVision
at
Group’s
pace, with
comparable-store
sales5 at +7%
in Q2
-
Adjusted2
operating margin
at 18.4%
in H1, up
100bps vs pro
forma4 H1
2021
-
Adjusted2
Group’s
net profit at Euro
1,548 million,
up 26% vs pro
forma4 H1 2021
-
Free cash flow6
at Euro 906
million in
H1
Charenton-le-Pont,
France (July
29, 2022
-
7:00
am) – The Board
of Directors of EssilorLuxottica met on July 28, 2022 to approve
the condensed consolidated interim financial statements for the six
months ended June 30, 2022. The Statutory Auditors have performed a
limited review of these financial statements. Their report is in
the process of being issued.
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.
This benefits all our stakeholders, starting with our
customers.
At the same time, we paved the way for our
long-term growth boosted by key projects and partnerships as well
as the GrandVision integration, which is already bringing
benefits.
We launched the OneSight EssilorLuxottica
Foundation to maximize our impact, an important step in achieving
our goal to eradicate poor vision in the world in a generation.
As we look ahead, we will continue to carry out
the vision of our Chairman Leonardo Del Vecchio, whose leadership
and values remain an inspiration to all of us.”
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