EssilorLuxottica Q4/FY 2023 Results - 2023: another record year for EssilorLuxottica
15 February 2024 - 4:00AM
EssilorLuxottica Q4/FY 2023 Results - 2023: another record year for
EssilorLuxottica
Q4/FY 2023 RESULTS
2023: another record year for
EssilorLuxottica
- Group
revenue at constant exchange rates1
+7.1% in Q4 and FY, third consecutive year
>7%
- Nice
acceleration in North America in Q4, EMEA keeping the sound pace of
Q3
-
Innovation as a key driver, with Stellest, Varilux XR and
Ray-Ban Meta
- Frame
portfolio strengthened with new brands, licenses growing double
digits
- Nuance
Audio disruptive innovation successfully presented at the CES in
Las Vegas
-
Adjusted2 operating
margin at 16.9% at constant exchange
rates1
- Free
cash flow5 at Euro 2.4 billion in
FY, after strong investments in operations, digital and AI
technologies
- Dividend
proposed at Euro 3.95 per share, up 22% vs 2022
-
Advancing on people engagement, setting the Group’s new
values
Charenton-le-Pont, France (February 14,
2024 - 6:00 pm) – The Board of Directors of
EssilorLuxottica met on February 14, 2024 to approve the
consolidated financial statements for the year ended December 31,
2023. These financial statements were audited by the Statutory
Auditors whose audit report is in the process of being issued.
Francesco Milleri, Chairman and CEO, and Paul du
Saillant, Deputy CEO at EssilorLuxottica commented: “We’re proud to
share these strong results with our stakeholders, delivering
another year above 7% revenue growth1, including an acceleration in
Q4, with every one of our regions doing its part. Our profitability
remained strong, with a record adjusted 2 Group net profit close to
3 billion euros and free cash flow 5 at 2.4 billion. It was also a
year of major investments: growing new product categories, with
Stellest in myopia and Ray-Ban Meta in wearables, adding beloved
brands like Moncler and Jimmy Choo to our portfolio, leveraging
artificial and business intelligence, expanding our operations
footprint and reinforcing the retail presence globally. This will
support the evolution of the Company and the transformation of the
industry over the next decade.
Moreover, Nuance Audio’s debut at CES created a
resounding buzz around EssilorLuxottica and our disruptive
proposition in the audio space that bridges two industries
combining good vision and better hearing.
We also progressed on our sustainability
roadmap, Eyes on the Planet, reaching carbon neutrality in Europe
and continuing our journey to connect our communities around the
world with a common culture and shared values, growing our employee
shareholders globally to almost 80,000.
With all these positive results and momentum, we
are confident that we will keep the pace and meet our long-term
targets. After three years of strong results, the Board of
Directors has unanimously agreed on the distribution of a dividend
of Euro 3.95 per share.”
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