France · Delayed Price · Currency is EUR EssilorLuxottica Société anonyme Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue rose 10.8% at constant currency, driven by double-digit growth in both Professional Solutions and Direct to Consumer segments, with strong contributions from AI glasses and all regions. Currency headwinds and tougher H2 comparisons are noted, but guidance remains for solid growth and stable profitability.
Fiscal Year 2025
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Record revenue and double-digit growth driven by MedTech transformation, AI glasses, and myopia management. Despite margin pressure from tariffs and upfront investments, free cash flow and global expansion remain strong, with a robust five-year outlook.
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Q3 saw record revenue growth of 11.7% at constant currency, driven by double-digit gains in all major regions except Latin America. Wearables and innovation fueled performance, with strong momentum expected to continue into Q4, supported by new product launches and expanded capacity.
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Revenue grew 7.3% at constant currency in H1 2025, with strong performance across all regions and robust growth in smart eyewear and Medtech. Gross margin was diluted by tariffs and product mix, but operating margin remained stable and free cash flow was strong.
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Record financial results and strong growth were reported across all regions, with innovation in connected eyewear and medtech driving future strategy. All shareholder resolutions, including a higher dividend and new sustainability targets, were approved by large majorities. Robust Q&A addressed M&A, tariffs, and technology integration.
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Q1 2025 revenue rose 7.3% at constant currency, with double-digit growth in Asia-Pacific and EMEA, and strong retail and innovation momentum. U.S. tariffs and FX volatility are key risks, but supply chain diversification and pricing actions are underway.
Fiscal Year 2024
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Full-year revenue grew 6% with strong Q4 momentum, margin expansion, and robust free cash flow. Wearables and myopia solutions drove growth, while new medtech and audiology initiatives are set to deliver billions in future revenue.
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Q3 revenue rose 4% at constant currency, with strong Direct-to-Consumer and EMEA growth, and Latin America leading regional performance. Outlook for Q4 is positive, with expected acceleration both organically and from recent acquisitions.
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Solid H1 2024 results with revenue and margin growth, driven by innovation, strong regional performance, and strategic acquisitions. Gross margin and free cash flow improved, while new products and M&A are set to fuel future growth.