Essilor Luxottica (ESLOF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.487 -- 00:00:02.269 Good morning and good afternoon, everybody. 00:00:02.269 -- 00:00:07.356 This is Giorgio Ianella from the IR team. Thank you for joining Excello Luxottica Q1 00:00:07.356 -- 00:00:12.423 Revenue Management Call. The group's CFO, Stefano Grassi, will walk you through 00:00:12.423 -- 00:00:16.168 the revenue performance of the first quarter of the year. 00:00:16.168 -- 00:00:20.473 After its presentation, there will be a 30-minute Q&A session. 00:00:20.473 -- 00:00:24.739 If you want to make a question, please press star followed by five. 00:00:24.739 -- 00:00:30.018 We kindly ask you to limit your questions to a maximum of two. 00:00:30.018 -- 00:00:33.720 With that, I hand it over to Stefano. 00:00:34.864 -- 00:00:38.969 Hello, everyone, and welcome to our Q1 trading update. 00:00:38.969 -- 00:00:44.235 We closed 2025 with a double-digit year. The revenue for Estrella Luxottica last 00:00:44.235 -- 00:00:48.641 year grew 11.2% at constant currency for the full year. 00:00:48.641 -- 00:00:52.065 And we are now opening up Q1 2026 00:00:52.065 -- 00:00:57.228 with another double-digit start. The first quarter saw revenue 00:00:57.228 -- 00:01:02.594 up 10.8% at constant currency, with a well-balanced between professional solution 00:01:02.594 -- 00:01:07.259 and direct-to-consumer, both of them on a double-digit pace. 00:01:07.259 -- 00:01:12.305 Our regions show North America up 12.5% at constant currency, 00:01:12.305 -- 00:01:17.631 while EMEA, Asia-Pacific, and Latin America, they were all up on a high single 00:01:17.631 -- 00:01:22.799 digit in Q1. Our growth profile was very much driven by our traditional 00:01:22.799 -- 00:01:27.825 business, the posted mid-single-digit growth, and catapulted that on top by a strong 00:01:27.8...