EssilorLuxottica Q2 revenue grows despite headwinds

EssilorLuxottica Q2 revenue grows despite headwinds


Reuters API

Luxury eyewear company EssilorLuxottica


The maker of OakleyRay-Ban

“We’re pleased to report a strong first half of 2022, with sound growth in all regions and a substantial increase in our operating margin,” Chairman and Chief Executive Officer Francesco Milleri

The group reported comparable revenue rising 7% to 6.39 billion euros ($6.53 billion) for the second quarter at constant exchange rates, with the Europe, the Middle East and Africa (EMEA) region continuing to bounce back with double-digit growth.

All its main markets countries were positive, with the exception of China and Russia, the group said.
The company said that recently integrated Dutch eyewear retailer GrandVision’s comparable-store sales grew 7% in the second quarter.

EssilorLuxottica also reiterated its targets for 2022 to 2026.Last month the group’s chairman, Leonardo Del Vecchio, died at the age of 87. The billionaire founded the LuxotticaEssilor

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