Essilux: profit rises to 1.92 billion in the first six months

EssilorLuxottica’s board of directors has approved the first-half results, which closed with adjusted net profit up 6.8% to €1.92 billion. This figure represents a 13.3% increase at constant exchange rates. The group recorded revenue growth of 5.7 per cent to €14.8 billion (+9.7 per cent at constant exchange rates), with growth in the second quarter (+8.7 per cent) slightly lower than that of the first quarter (+10.8 per cent) ‘in a global macroeconomic environment characterised by growing uncertainty’. From a geographical perspective, North America, EMEA and Latin America recorded ‘high-single-digit’ revenue growth in both the quarter and the half-year, whilst Asia-Pacific achieved double-digit growth in both periods. Revenues from AI glasses surged, ‘nearly doubling’ in the second quarter.

Finally, in terms of balance sheet figures, at the end of June the group reported net debt of €13.39 billion, including €3.91 billion in lease liabilities, compared with €10.85 billion at the end of 2025.

“The foundations we have built over the years make us stronger than ever today. We are in the best possible position to seize new opportunities and support EssilorLuxottica’s next phase of growth.” Francesco Milleri, Chairman and Chief Executive Officer, and Paul du Saillant, Deputy Chief Executive Officer of the group, commented on the first-half figures, saying they were “proud of the excellent results”. This is a “performance that confirms the soundness of our strategy and our ability to translate it into concrete results, whilst we continue to lead the evolution of the sector”.

Growth was “robust across all geographical regions and business segments, underpinned by a strong innovation pipeline in vision care and eyewear and by the expansion of our global distribution platform, further strengthened by the entry of Top Charoen in Thailand”. At the same time, they emphasise, “we have accelerated the initiatives that will support the next phase of our development, from solutions for managing myopia to AI glasses, whose success continues to be driven by the strength of Ray-Ban and Oakley and by our group’s unique expertise”. From this perspective, “we continue to invest in technologies that will help redefine the future of the industry, including through our collaboration with Applied Materials, to consolidate our leadership in the development of the next generation of smart optical systems.”