EssilorLuxottica SA

EssilorLuxottica SA engages in the design, manufacture, and distribution of ophthalmic lenses, frames and sunglasses. It operates through the following segments: Professional Solutions and Direct to Consumer. The Professional Solutions segment represent the wholesale business of the Group, i.e. the supply of the Group's products and services to all the professionals of the eyecare industry (distributors, opticians, independents, third-party e-commerce platforms. The Direct to Consumer segment represents the retail business of the Group, i.e. the supply of the Group products and services directly to the end consumer either through the network of physical stores operated by the Group (brick and mortar) or the online channel (e-commerce). The company was founded by Leonardo Del Vecchio on October 01, 2018 and is headquartered in Charenton-le-Pont, France.

EssilorLuxottica's Q3 2024 earnings report showed resilience with €6.43 billion in revenue, driven by good demand in China despite the economic slowdown. The partnership with Meta for Ray-Ban smart glasses has significantly boosted investor interest, with 700,000 units sold and promising future growth. Strategic acquisitions of Supreme and Heidelberg Engineering aim to diversify revenue streams and innovate the eyewear market, potentially revolutionizing eye exams.

EssilorLuxottica: Ray-Ban Meta Glasses Continue To Impress

EssilorLuxottica Société anonyme (OTCPK:ESLOF) Q3 2024 Earnings Conference Call October 17, 2024 12:30 PM ET Company Participants Giorgio Iannella - IR Stefano Grassi - CFO Conference Call Participants Luca Solca - Bernstein Chiara Battistini - JPMorgan Grace Smalley - Morgan Stanley Louise Singlehurst - Goldman Sachs Domenico Ghilotti - Equita James Grzinic - Jefferies Piral Dadhania - RBC Capital Markets Anne-Laure Bismuth - HSBC Giorgio Iannella Hello, everybody. This is Giorgio Iannella from the IR team.

EssilorLuxottica Société anonyme (ESLOF) Q3 2024 Earnings Call Transcript

The Franco-Italian eyewear group's revenue rose 4% in the third quarter, helped by sales of smart glasses.

Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations

Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China.

Ray-Ban maker EssilorLuxottica misses sales expectations as China slows

Q3/9M 2024 Revenue Revenue keeping a solid 4% growth Group's revenue up 4.0% at constant exchange rates 1 in Q3, +4.9% year to date Revenue positive in both segments in all the regions in Q3 North America up low-single digit, with sun retail turning positive at the end of the quarter EMEA up mid-single digit, driven by both Professional Solutions and Direct to Consumer China kept positive, despite macroeconomic headwinds, supported by Stellest 40% growth Ray-Ban Meta and Transitions Gen S key growth pillars, both awarded at SILMO Paris 2024 EssilorLuxottica among top-50 Companies in the Fortune's ‘Change the World' list Paris, France (October 17, 2024 - 6:00 pm) – EssilorLuxottica announced today that consolidated revenue for the third quarter of 2024 reached Euro 6,437 million, representing a year-on-year increase of 4.0% at constant exchange rates1 compared to the third quarter of 2023 (+2.3% at current exchange rates). Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica commented: “In the third quarter, we maintained solid momentum, with all regions and businesses contributing to steady growth, fueled by our commitment to innovation and excellence.

EssilorLuxottica: Q3/9M 2024 Revenue - Revenue keeping a solid 4% growth

Third-Quarter 2024 Revenue Conference Call Invitation Mr STEFANO GRASSI, Chief Financial Officer, andMr GIORGIO IANNELLA, Head of Investor Relations, have the pleasure of inviting you to our Third-Quarter 2024 Revenue Conference Call on: Thursday, October 17, 2024, at 6:30 pm CEST Dial-in telephone access: If you wish to dial into the conference call, please pre-register at the following link to receive the personal credentials (Dial-in numbers, Conference ID and User ID): https://aiti.capitalaudiohub.com/essilorluxottica/reg.html If you encounter any issue in the pre-registration phase you may contact ir@essilorluxottica.com, providing your name and surname and the name of your company. Live webcast: You can watch the presentation at the following link: https://streamstudio.world-television.com/1217-2090-40578/en The press release will be published at 6:00 pm CEST on the same day and the presentation slides will be made available prior to the call.

EssilorLuxottica: Third-Quarter 2024 Revenue Conference Call Invitation

Eyewear giant EssilorLuxottica has asked a U.S. judge to throw out what it called “misguided” consumer lawsuits accusing the Ray-Ban maker of monopolizing markets for designer frames and prescription lenses, causing customers to pay higher prices.

Ray-Ban maker EssilorLuxottica slams ‘grab bag' lawsuits claiming eyewear monopoly

EssilorLuxottica Completes Acquisition of a Majority Stake in Heidelberg Engineering Paris, France and Heidelberg, Germany (October 2, 2024 – 7am CEST) – EssilorLuxottica, a global leader in the optical industry, announced it has completed the previously announced transaction to acquire an 80% stake in Heidelberg Engineering, a Germany-based company specializing in diagnostic solutions, digital surgical technologies and healthcare IT for clinical ophthalmology. The transaction has been cleared by the relevant competition authorities.

EssilorLuxottica Completes Acquisition of a Majority Stake in Heidelberg Engineering

Meta's investment in EssilorLuxottica will be 'symbolic', Zuckerberg says

Royal Philips

Investors with an interest in Medical - Products stocks have likely encountered both Royal Philips (PHG) and EssilorLuxottica Unsponsored ADR (ESLOY). But which of these two stocks presents investors with the better value opportunity right now?

PHG vs. ESLOY: Which Stock Is the Better Value Option?

EssilorLuxottica unveils plans for its new corporate headquarters in Paris Paris, France (September 17, 2024) – EssilorLuxottica announced today the signing of a long-term pre-letting agreement for its new global headquarters in Paris, expected to open late 2027. Located at Place Valhubert, in the heart of the lively Austerlitz district -Paris 13e-, boasting a tech startup and global digital company scene, the new headquarters will bring together in a single building up to more than 2,000 people, regrouping teams from the Group functions currently spread across different locations in the Grand Paris area.

EssilorLuxottica unveils plans for its new corporate headquarters in Paris

Ray-Ban maker EssilorLuxottica said Tuesday that it extended a partnership with Facebook and Instagram owner Meta to develop smart-eyewear products after producing glasses that let users make calls, capture images and listen to music.

Meta, Ray-Ban maker extend smart glasses partnership

Meta Platforms struck a new long-term agreement with Ray-Ban maker EssilorLuxottica, deepening a push into smart eyewear as the tech giant starts to roll out artificial-intelligence features.

Meta Deepens Smart Glasses Push With EssilorLuxottica Deal

EssilorLuxottica said on Tuesday it will extend its long-standing partnership with Meta Platforms to continue the development of smart eyewear into the next decade.

EssilorLuxottica expands smart glasses partnership with Meta

EssilorLuxottica and Meta Announce Long Term Partnership, Shaping the Future of the Smart Eyewear Category Building on the success of Ray-Ban Meta glasses, the two pioneering companies aim to write history of wearables together Paris, France (17 September 2024) – EssilorLuxottica announced today that it has extended its partnership with Meta Platforms by entering into a new long term agreement, under which the parties will collaborate into the next decade to develop multi-generational smart eyewear products. The two companies have been collaborating successfully since 2019, resulting in two generations of Ray-Ban branded smart glasses that broke the barriers to adoption and redefined the potential for wearables in consumers' lives.

EssilorLuxottica and Meta Announce Long Term Partnership, Shaping the Future of the Smart Eyewear Category

Investors looking for stocks in the Medical - Products sector might want to consider either Royal Philips (PHG) or EssilorLuxottica Unsponsored ADR (ESLOY). But which of these two stocks offers value investors a better bang for their buck right now?

PHG or ESLOY: Which Is the Better Value Stock Right Now?

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EssilorLuxottica: successful Euro 2 billion bond issuance at 2.99%

EssilorLuxottica announces launch of share buyback program Paris, France (July 29, 2024 – 08:00 am CEST) – EssilorLuxottica announces the launch of its share buyback program reflecting the Group's confidence in its value creation and long-term prospects. With a view to implementing this share buyback program, EssilorLuxottica has granted a mandate to an investment services provider for the purchase of up to 4,000,000 EssilorLuxottica shares, depending on market conditions, over a period starting from today, July 29, 2024, up until October 29, 2025.

EssilorLuxottica announces launch of share buyback program

Publication of the 2024 Interim Financial Report          Paris, France (July 26, 2024 – 6:30 pm) – The Board of Directors of EssilorLuxottica met on July 25, 2024 to approve the condensed consolidated interim financial statements for the six-month period ended June 30, 2024. EssilorLuxottica's 2024 Interim Financial Report has been published today.

EssilorLuxottica: Publication of the 2024 Interim Financial Report

EssilorLuxottica Société anonyme (OTCPK:ESLOF) Q2 2024 Earnings Call July 25, 2024 12:30 PM ET Company Participants Giorgio Iannella - Investor Relations Francesco Milleri - Chairman and Chief Executive Officer Paul du Saillant - Deputy Chief Executive Officer Stefano Grassi - Chief Financial Officer Conference Call Participants Chiara Battistini - JPMorgan Oriana Cardani - Intesa Sanpaolo Louise Singlehurst - Goldman Sachs Veronika Dubajova - Citi Domenico Ghilotti - Equita Grace Smalley - Morgan Stanley Luca Solca - Bernstein James Grzinic - Jefferies Cedric Lecasble - Stifel Giorgio Iannella Hello, everybody. This is Giorgio Iannella from the IR team.

EssilorLuxottica Société anonyme (ESLOF) Q2 2024 Earnings Call Transcript

The head of eyewear company EssilorLuxottica said he would welcome Meta as a shareholder after media reports that the U.S. tech company planned to take a small stake in the group.

EssilorLuxottica CEO says Meta would be welcome as shareholder

Revenues at eyewear maker EssilorLuxottica rose 5.2% at constant exchange rates in the second quarter, supported by the Europe, Middle East and Africa (EMEA) region, while growth in North America was slower.

Eyewear maker EssilorLuxottica's revenues up 5.2% in second quarter

Supreme, the once-hot streetwear brand that's fallen on hard times under VF Corp. leadership, is being acquired by EssilorLuxottica of eyewear fame for $1.5 billion in an all-cash deal, regulatory approvals pending.

Why Supreme May Be As Bad A Deal For EssilorLuxottica As It Was For VF

The Wall Street Journal reports that Meta (owner of Facebook, Instagram and WhatsApp) is in talks to buy a $5 billion minority interest in EssilorLuxottica. EssilorLuxottica is the largest maker of eyewear in the world and the owner of many eyewear brands and retailers including Ray-Ban, LensCrafters and Pearle Vision in the U.S. If the deal happens, Meta would own about 5% of EssilorLuxottica.

Why Meta, EssilorLuxottica And Heidelberg Engineering Belong Together

Meta is reportedly looking to buy a stake in its smart glasses partner EssilorLuxottica. The tech company is in talks to acquire a 5% stake in the eyewear maker, which owns the Ray-Ban brand, The Wall Street Journal (WSJ) reported Thursday (July 18), citing unnamed sources.

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