Essilor Luxottica (ESLOF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.470 -- 00:00:02.872 Good morning and good afternoon, everybody. 00:00:02.872 -- 00:00:05.154 This is Giorgio Iannella from the IR team. 00:00:05.154 -- 00:00:10.739 Thank you for joining SRO Luxottica Interim Results Management Call. 00:00:10.739 -- 00:00:15.804 The Group Chairman and CEO Francesco Milleri, the Deputy CEO Paul Dusayan and 00:00:15.804 -- 00:00:21.249 the CFO Stefano Grassi will walk you through the business and financial highlights 00:00:21.249 -- 00:00:26.654 of the first half of the year. After their presentations, there will be a 30-minute 00:00:26.654 -- 00:00:31.984 Q&A session. If you want to make a question, please press star followed 00:00:31.984 -- 00:00:37.289 by five. We kindly ask you to limit your questions to a maximum 00:00:37.289 -- 00:00:42.333 of two. With that, I hand over to Francesco. 00:00:42.333 -- 00:00:47.558 Welcome, everyone. I am pleased to reconnect with you to share 00:00:47.558 -- 00:00:51.001 our first half financial results 00:00:51.001 -- 00:00:57.035 and update you on our progress in MedTech and wearables. 00:00:57.035 -- 00:01:02.180 Let's begin with our long-term vision. We believe the 00:01:02.180 -- 00:01:08.385 future of glasses goes far beyond vision correction. 00:01:08.385 -- 00:01:11.288 They will become innovative, 00:01:11.288 -- 00:01:16.293 powerful, AI-enabled platforms that support 00:01:16.293 -- 00:01:19.536 human performance and healthcare 00:01:19.536 -- 00:01:25.261 at various levels. Thanks to our unique scale, capability, 00:01:25.261 -- 00:01:31.742 and global reach, we are in a position to lead this transformation. 00:01:32.626 -- 00:01:37.793 As a vertically integrated group, we are developing 00:01:37.793 -- 00:01:44.303 smart eyewear that combines vision care with digital f...