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EssilorLuxottica and L’Oréal report strong first half results

EssilorLuxottica and L’Oréal report strong first half results

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Burberry lance un partenariat avec Roblox pour intégrer l’univers du jeu EssilorLuxottica and L’Oréal published their financial results for the first half of 2022 on Friday. et dévoile des résultats en demi-teinte au premier trimestre, notamment dûs aux confinements stricts en Chine.

 

Despite a tense international context, these two leaders in their field have exceeded analysts’ expectations.

 

EssilorLuxottica reports net profit of €1.55 billion

 

EssilorLuxottica, the world’s leading lens company, has reported net profit for the first six months of 2022 of €1.55 billion, up nearly 26% and 18.6% at constant exchange rates.

 

The global optical giant reported revenue growth of 37% to €12 billion, including like-for-like sales growth of 9.1%. This was driven by an increase in lens sales, which rose by 8.5% to €3.3 billion.

 

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In detail, EssilorLuxottica’s largest market, North America, saw its growth slow but remain positive with an increase of 2.4% to €3 billion, due to a deterioration in the US economy. The EMEA region, its second largest market, saw its turnover jump by 12.4% to 2.3 billion euros. Latin America also saw revenues increase by more than 24%, thanks in particular to Brazil. Finally, the Asia-Pacific region remained stable with growth of 1.7% to €666 million.

 

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