)
Business Philosophy14 May 2024
The Brunello Cucinelli Story: Combining Elegance and Ethics
Explore the success of Brunello Cucinelli's unique blend of luxury craftsmanship and ethical business.
EssilorLuxottica (EL) investor relations material
EssilorLuxottica H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary28 Jul, 2025
Executive summary
Revenue grew 7.3% year-over-year in H1 2025 at constant exchange rates, with strong contributions from all regions and segments, especially EMEA and Direct to Consumer.
AI glasses (Ray-Ban Meta) sales surged over 200% year-over-year; Oakley Meta launched, and Nuance Audio expanded to 10,000 locations.
Strategic acquisitions in med-tech and retail, including Optegra clinics, Pulse Audition, Cellview Imaging, and Malaysian retail chains, advanced the MedTech strategy.
Adjusted net profit attributable to owners rose 6.1% at constant rates, reaching €1,799 million, despite margin pressure from US tariffs and higher wearables sales.
Dividend of €3.95 per share for 2024, with a majority opting for scrip dividend; €1 billion bond issued maturing 2030.
Financial highlights
H1 2025 revenue: €14,024 million (+7.3% constant FX, +5.5% current FX); Q2 2025 revenue: €7,175 million (+7.3% constant FX).
Adjusted operating margin stable at 18.3% in H1; adjusted operating profit: €2,532 million (18.1% of revenue).
Adjusted net profit: €1,799 million (12.8% of revenue, up 6.1% at constant rates); reported net profit: €1,387 million.
Gross margin declined to 63.1% (down 80–90bps YoY) due to US tariffs and higher wearables mix.
Free cash flow: €951 million in H1; net debt increased to €11,263 million (net debt/EBITDA: 1.7x).
Outlook and guidance
Targeting mid-single-digit annual revenue growth through 2026 (constant FX), aiming for €27–28 billion revenue and 19–20% adjusted operating margin by period end.
Price/mix expected to be a stronger growth driver in H2, with volume growth in select retail channels.
Tariff headwinds to persist in H2, but mitigation through supply chain diversification and price increases will have greater impact.
Continued rollout of Stellest 2.0 and Nuance Audio, with new product launches and market expansion planned.
Expansion of AI and smart eyewear, with further market rollouts and capacity expansion plans.
Assess Oakley Meta's distribution ramp-up.
Quantify H1 tariff impact and mitigation plans.
How does Stellest 2.0 improve myopia control?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next EssilorLuxottica earnings date
Q3 2025 TU16 Oct, 2025
Next EssilorLuxottica earnings date
Q3 2025 TU16 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research17 Jan 2024
EssilorLuxottica: Global Dominance Through Strategic Acquisitions
Explore EssilorLuxottica's key acquisitions and how they have shaped the company into a dominant force in the eyewear industry.
)
Company Research17 Jan 2024
World Leading Conglomerates Built on Mergers & Acquisitions
Explore an in-depth look at some of the most successful companies in M&A, delving into specific deals and providing visual insights.
Frequently asked questions
Eyewear Giant
EssilorLuxottica is an Italian-French multinational corporation in the eyewear and eye care sector. The company focuses on the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. Formed in 2018 through the merger of Essilor, a French company specializing in ophthalmic optics, and Luxottica, an Italian eyewear conglomerate, EssilorLuxottica has a broad portfolio of iconic brands including Ray-Ban, Oakley, and many others. It has joint headquarters in Paris and Milan, and its shares are listed on the NYSE.
An Industry-Defining Merger
The merger between Essilor and Luxottica in 2018 marked a significant consolidation in the eyewear industry. Announced in January 2017 and completed in October of the following year, the merger brought together two complementary giants. Essilor's expertise in lens manufacturing and optical technology merged with Luxottica's strengths in frame design, brand portfolio, and extensive retail network. The new entity, EssilorLuxottica, aimed to create a vertically integrated business that could cover all aspects of eyewear, from production to distribution.
Focusing on Eyewear
The company's business activities span various aspects of the eyewear industry, encompassing everything from lens manufacturing, eyewear design, retail, and more. The lens manufacturing side, primarily driven by Essilor, focuses on producing optical lenses for customers with visual impairments. On the other hand, Luxottica is focused on manufacturing, and distributing fashion, luxury, and sports eyewear. Their portfolio includes a variety of well-known manufacturers, both in-house as well as several brands under licensing agreements.
EssilorLuxottica also has a significant retail presence, operating several chains of stores worldwide, including Sunglass Hut and LensCrafters while also selling products on platforms like Amazon. These retail outlets provide a direct channel for selling their products and offering eye health services like eye tests and professional consultations.
Growing through Acquisitions
EssilorLuxottica's strategy of acquiring eyewear companies is a key component of its growth and market dominance. This approach involves identifying and integrating smaller eyewear and eye care businesses into its expansive portfolio. Through these acquisitions, EssilorLuxottica diversifies its product offerings, expands its geographical reach, and strengthens its position in various segments of the market.
Further reading: EssilorLuxottica: Global Dominance Through Strategic Acquisitions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage