EssilorLuxottica: slight slowdown in growth in Q3 – 10/19/2023 at 6:16 p.m.


(CercleFinance.com) – EssilorLuxottica publishes a turnover of 6,924 ME for the 3rd quarter, up 5.2% at constant exchange rates compared to the same period a year earlier (-1.6% at constant exchange rates). current exchange rates).

The company says third-quarter growth saw ‘a slight slowdown compared to the first half’, due to weaker sunglasses retail activity.

At constant exchange rates (cc), activity nevertheless increased by 5.7% for the Professional Solutions division and +4.7% for Direct to Consumer.

From a geographical point of view, activity is mainly driven by the dynamism of the Asia-Pacific region with +11.7% at cc, by the EMEA region (+6.9% at cc) and even America Latin (+6.2% at cc).

The company reports that revenue for the first nine months of 2023 increased by 7.2% compared to 2022, with the 9-month growth continuing to exceed the long-term target of around 5%. per year.

‘Throughout this third quarter, each of EssilorLuxottica’s activities and regions contributed to generating solid growth, with the ramp-up of recent launches, such as Varilux XR series and Swarovski,’ commented Francesco Milleri and Paul du Saillant, respectively Chairman and Managing Director and Deputy Managing Director of EssilorLuxottica.



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