started · updated
EssilorLuxottica reports Q3 revenue growth of 9% to €7.49 billion
EssilorLuxottica reported third-quarter revenue of approximately €7.49 billion, representing a 9% increase compared to the previous year. This performance exceeded analyst expectations, which had projected a growth rate of roughly 6.2% to 6.3% at constant exchange rates.
The growth was driven by both traditional eyewear businesses and the expanding wearables segment. Revenue from smart glasses and audio technology, including AI-powered eyewear developed in partnership with Meta, rose by 20% to €486 million. The Eyecare & Medtech division also showed strength, with revenue increasing by over 6% at constant exchange rates.
Geographically, the Asia-Pacific region showed significant momentum with double-digit growth. In North America, sales reached €3.2 billion, a 4.7% increase at constant exchange rates. Following the announcement, the company's stock saw a notable rise on the Paris exchange.
Entities
Asia-Pacific · EssilorLuxottica · Francesco Milleri · Jefferies · Meta Platforms · Paris Stock Exchange · Paul du Saillant
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Revenue for the first nine months of the year totaled 22,304 million euros. www.affaritaliani.it · www.soldionline.it
- [○ 1 SOURCE] The Asia-Pacific region saw double-digit growth.
- [● 2 SOURCES] The company expects solid revenue growth aligned with adjusted operating profit over the next five years at constant exchange rates. www.affaritaliani.it · www.soldionline.it
- [● 3 SOURCES] Third-quarter revenues reached 7,486 million euros. www.affaritaliani.it · www.soldionline.it
- [● 3 SOURCES] Third-quarter revenue grew by 9% compared to the same period last year. www.affaritaliani.it · www.soldionline.it
- [● 2 SOURCES] Wearable device revenues increased by 20% between July and September. www.affaritaliani.it
- [○ 1 SOURCE] The myopia management portfolio grew by 24% in both the third quarter and since the start of the year.