Essilorluxottica Sa · EURONEXT:EL
Essilorluxottica Sa — Q1 2024 Earnings Presentation
13 slides from Essilorluxottica Sa's earnings presentation, Apr 19, 2024
Slide 1: Q1 Revenue 2024
Q1 Revenue 2024 April 18, 2024
Slide 2: Financial Highlights
Financial Highlights • Q1 revenue up 5.5% at constant exchange rates • All the regions growing, in both PS and DTC channels • Also North America positive, on a softer pace • Strong growth in EMEA, across all channels and categories • Product innovation and new brands as a key growth factor, driving
Slide 3: Q1 Revenue 2024
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Slide 4: Q1 revenue by segment, 2024 vs 2023
Q1 revenue by segment, 2024 vs 2023 Change at constant Change at current € million Q1 2024 Q1 2023 exchange rates exchange rates Professional Solutions 3,080 3,026 +4.6% +1.8% Direct To Consumer 3,255 3,125 +6.3% +4.2% EssilorLuxottica 6,335 6,151 +5.5% +3.0% Q1 Revenue 2024 4
Slide 5: Q1 revenue by region, 2024 vs 2023
Q1 revenue by region, 2024 vs 2023 Change at constant Change at current € million Q1 2024 Q1 2023 exchange rates exchange rates North America 2,875 2,859 +1.7% +0.6% EMEA 2,321 2,194 +8.5% +5.8% Asia-Pacific 768 750 +8.2% +2.4% Latin America 371 349 +10.9% +6.3% EssilorLuxottica 6,335 6,151 +5.5% +3
Slide 6: Ask Meta AI: the next generation of smart glasses
ASK META Al THE NEHT GENERATION OF SMART GLASSES
Slide 7: Store Count on March 31, 2024
Store Count on March 31, 2024 North Asia- Latin Corporate Franchising Total EMEA America Pacific America Stores & Other Storecount Sunglass Hut 1,642 577 313 413 2,945 224 3,169 LensCrafters 1,010 87 1,097 5 1,102 Vision Express 850 850 152 1,002 Apollo 679 679 223 902 Target Optical 574 574 574 Mas
Slide 8: Q1 Revenue 2024
Q1 Revenue 2024 8
Slide 9: North America revenue +1.7% in Q1
North America revenue +1.7% in Q1 PROFESSIONAL SOLUTIONS • Up low-single digit driven by optical category • Varilux XR ramping up, Ray-Ban Meta strong and Jimmy Choo off to a nice start • Weak trends in sunglasses predominantly in department stores and sport channels DIRECT TO CONSUMER • Growth enti
Slide 10: EMEA revenue +8.5% in Q1
EMEA revenue +8.5% in Q1 PROFESSIONAL SOLUTIONS • Growth broadly balanced between different products and geographies • Varilux biggest driver in lenses leveraging XR series • New Swarovski collection well received by the market DIRECT TO CONSUMER • Optical up high-single digit, benefitting from opti
Slide 11: Asia-Pacific revenue +8.2% in Q1
Asia-Pacific revenue +8.2% in Q1 PROFESSIONAL SOLUTIONS • Robust, double-digit Chinese business progressing nicely across all main categories • Healthy growth of myopia management and good traction of sun frames in China • Strong growth in Japan, South Korea and India DIRECT TO CONSUMER • Mixed resu
Slide 12: Latin America revenue +10.9% in Q1
Latin America revenue +10.9% in Q1 PROFESSIONAL SOLUTIONS • Sound results thanks to Mexico • Brazil solid positive on frames and negative on lenses • Óticas Carol up double digits with 1,000+ franchisees enrolled in renewed program DIRECT TO CONSUMER • Healthy optical banners with positive comparabl
Slide 13: Q1 Revenue 2024
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