EssilorLuxottica is doing well in the first half of the year despite the ongoing pandemic. The group presented updated figures at the end of July: a 35% increase in operating profit compared to 2019, operating profit margin at 18.5% and free cash flow at a record €1.2 billion. Also newly presented: a company-wide concept for more sustainability.
The second quarter saw some important pages written in EssilorLuxottica’s history, the company said, by clarifying corporate governance and building a unified company. At the same time, it said it continued to expand its retail presence in Europe by completing the acquisition of GrandVision.
EssilorLuxottica plans more sustainability
Looking to the future, EssilorLuxottica unveiled a new company-wide sustainability concept. “Eyes on the Planet” is based on the pillars of CO2, circular economy, worldview, integration and ethics. The stated goal: to become CO2 neutral in all direct business areas by 2025, starting in Europe in 2023.
“Doing good for our customers, consumers and communities, as well as our planet, makes us even more confident about the future,” said Francesco Milleri, CEO of EssilorLuxottica and Paul du Saillant, Deputy CEO of EssilorLuxottica.
For the full year 2021, the group expects revenue growth in the mid-single digits compared to 2019 and operating profit above 2019. This is based on the assumption that no further Covid 19-related restrictions will be introduced in the second half of the year.