EssilorLuxottica’s fourth-quarter and full-year 2021 results: Accelerating in the fourth quarter, above margin guidance & targeting 19-20% margin in 2026
March 11 2022 - 1:00AM
EssilorLuxottica’s fourth-quarter and full-year 2021 results:
Accelerating in the fourth quarter, above margin guidance &
targeting 19-20% margin in 2026
EssilorLuxottica’s
fourth-quarter and full-year 2021
results
Accelerating in the fourth
quarter, above margin
guidanceTargeting 19-20%
margin in 2026
EssilorLuxottica
including GrandVision
(year-on-year change at
constant
currency1):
- Reported
Group revenue1 up
20% in FY versus 2019 and 40%
versus 2020
- Comparable
revenue1,3
up 11% in
Q4 and 7.4% in
FY versus
2019
- Best quarter of the year
with all regions exceeding pre-pandemic
revenue1,3
-
Double-digit
growth1,3 in North and Latin
America versus 2019, sunglasses
accelerating
- E-commerce
revenue4 crossing
Euro 1.5 billion
in FY,
+62%1,3 versus 2019
in both Q4 and FY
-
Adjusted2
operating profit pro
forma4 as a percentage of
revenue at 16.1% in
FY
- Free cash
flow6 at
Euro 2.8
billion
- Dividend proposed
at Euro 2.51 per
share, in cash or
shares
Long-Term
Outlook (at constant
currency1):
- Annual revenue
growth 2022-26 at mid-single digit
-
Adjusted2
operating profit as a percentage of
revenue at 19-20% in 2026
Charenton-le-Pont, France
(March 11,
2022 -
7:00
am) – The Board
of Directors of EssilorLuxottica met on March 10, 2022 to approve
the consolidated financial statements for the year ended December
31, 2021. These financial statements were audited by the Statutory
Auditors whose certification report is in the process of being
issued.
Francesco Milleri and Paul du Saillant, CEO and
Deputy CEO of EssilorLuxottica, said: “Our thoughts go out to all
those affected by the tragedy unfolding in Ukraine. At this
difficult time, the safety of our people remains our priority and
we are providing all the support possible to our affected teams in
the region.
Looking at our financial results, 2021 has been
an extraordinary year for EssilorLuxottica. In the face of a
continuously challenging environment, we managed to grow our sales
and profits beyond pre-pandemic levels, meeting our guidance on
sales and exceeding it on operating margin. In 2022, we continue to
move full speed ahead, thanks to the trust of our customers and
partners, and the commitment of our teams, now including our 39,000
GrandVision employees as part of our family. Our innovations and
brands, like Stellest, Ray-Ban Stories and Transitions XTRActive,
as well as still top-performer Oakley, are paving the way for a new
generation of life-changing products, while launching entirely new
categories that will benefit the whole industry.
As we build EssilorLuxottica at the heart of our
industry, we continue to grow as a socially conscious company.
Sustainability remains front and center as we reach carbon
neutrality in our two historic home countries Italy and France and
work towards the next set of milestones. The future we’re building
is a future for everyone – the talent, technology and tenacity we
have in this moment is very powerful and we will do great things
with it."
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