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
