EssilorLuxottica: Net Profit at €2.3 Billion (+3%) in 2024
EssilorLuxottica closes 2024 with a net profit of €2.35 billion (+3%) and revenue up by 6%. The company continues to focus on smart glasses, med-tech innovation, and sustainability, with SBTi-approved targets for emissions reduction.
In 2024, EssilorLuxottica recorded a net profit of €2.35 billion, a 3% increase from the previous year. Revenue reached €26.5 billion, marking a 6% growth at constant exchange rates, with a particularly strong Q4 performance (+9.2%). The adjusted operating margin stood at 17%, demonstrating the company's ability to expand margins despite inflationary pressures.
Geographically, North America showed acceleration, driven by Sunglass Hut’s strong performance, while the EMEA region remained solid with growth in both Professional Solutions and Direct to Consumer segments. The Asia-Pacific and Latin America regions recorded even higher growth rates.
On the innovation front, EssilorLuxottica continues to invest in smart glasses, with Ray-Ban Meta surpassing two million units sold and experiencing significant acceleration in 2024. Additionally, Nuance Audio, a hearing assistance device integrated into eyewear, has received approval for over-the-counter sales in the U.S. and Europe. Meanwhile, Stellest, the myopia management lens, grew by 50% in China.
The group's strategy is increasingly focused on med-tech, with strategic acquisitions such as Heidelberg Engineering, Espansione Group, and Pulse Audition. On the sustainability front, EssilorLuxottica has secured SBTi approval for its greenhouse gas emissions reduction targets by 2030, reinforcing its commitment to environmental responsibility.
Finally, the Board of Directors has proposed a dividend of €3.95 per share, with the option to receive it in the form of newly issued shares.