The Board of Directors of EssilorLuxottica met on February 22, 2023 to approve the consolidated financial statements for the year ended December 31, 2022.

• Group’s sales at Euro 24.5 billion in FY 2022, up 13.9% vs 2021 in comparable
terms
• Adjusted operating margin at 16.8% in FY 2022, up 70bps vs pro forma FY 2021
• Group’s comparable-store sales up 7.7% in FY 2022, ex-GrandVision outperformed at +9.3%
• Investment in capex and M&A to strengthen the business model
• Free cash flow at Euro 2.26 billion in FY 2022
• Dividend proposed at Euro 3.23 per share, up 29% vs FY 2021
• Comparable revenue up 9.4% in Q4 2022, +3.9% at constant exchange rates
• Appointment of Jean-Luc Biamonti as lead director

Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica commented:

“From record sales of 24.5 billion to groundbreaking product innovations, EssilorLuxottica delivered on the promise of a strong, unified company in 2022. (…) Our thoughts today go to our employees and partners in Turkey, and all those impacted by the devastating earthquakes in Turkey and Syria.

In 2022, we strengthened our open, collaborative business model, while completing important acquisitions such as Walman in North America and Shamir in Israel and continuing to invest in quality eyecare and eyewear for the benefit of the entire market. (…)

In the face of ongoing macroeconomic uncertainties, we remained focused on our strategic levers: the vertical integration of our business, the embedding of big data in any corporate decision, our global footprint, and the deployment of our sustainability program Eyes on the Planet. In 2022, we also confirmed our long-term commitment to our mission by launching the largest vision care foundation in the world. All these key factors, combined with our nearly 200,000 talented employees, will enable us to achieve continued growth in the years ahead.”

See full press release HERE.

At UNIfied, we design glasses to frame people’s true colours and help them display their individuality, encourage self-expression and, ultimately, celebrate their uniqueness. We believe in the power of the individual and in strength in numbers. It is by sharing ideas, experiences and creativity that we will be able to abolish borders and build a UNIted world. Montreal, a unique and colourful city, is the inspiration behind the Unified brand. Incorporating its nuances and vibes was paramount to the design of each model.
UNIfied…to see farther.

Featured model: DUMAS

Distributed by Lanctôt: www.rlanctot.com

EssilorLuxottica announced that it has renewed its licensing agreement with Target Corporation (Target), a Minneapolis-based retailer serving guests at nearly 2,000 stores across the U.S. and at Target.com, for the operation and management of Target Optical within Target stores. The multi-year agreement became effective on February 12, 2023.

Target Optical, one of the leading omnichannel optical retailers in the U.S., provides comprehensive eyecare services for more than 1.5 million Target guests each year. Target Optical offers eye exams delivered by trusted and experienced optometrists and a wide selection of prescription eyewear and sunglasses including Ray-Ban, Oakley, and Transitions.

Target Optical currently has more than 560 locations nationwide in addition to digital offerings at TargetOptical.com.

Source: EssilorLuxottica

Calling all men: the new collection by Glossi has everything you are looking for.
Comfort, stability, uniqueness, and boldness all wrapped into four new models.

Featured model: Eric

Check out the collection: www.georgesetphina.com