EssilorLuxottica Posts Strong Results for the First Half of 2025

The Franco-Italian group EssilorLuxottica, the world leader in optics with more than 150 brands in its portfolio, published fairly reassuring results for the first half of the year on July 28. The group's global revenue for the first half of 2025 amounted to €14.02 billion, marking a 7.3% increase in sales across all markets. Net income amounted to €1.39 billion, a slight increase compared to the same period in 2024, when it reached €1.37 billion. Although in line with market expectations, these figures highlight the group's resilience in the face of a generally uncertain economic environment.

Paul de Saillant, the group's deputy CEO, told the press that these solid results, although slightly below financial analysts' forecasts, were the result of a cautious and thoughtful investment strategy. “For the past four months, we have been moving forward in a very pragmatic manner in an uncertain environment,” he said. Despite these uncertainties, the optical giant—which owns licenses for Chanel, Prada, Versace, and Dolce&Gabbana, among others—has not suffered from the situation, despite several risk factors, including its heavy dependence on the United States, which generates 43% of its revenue. Uncertainty surrounding US customs duties and the rise in the value of the euro against a weaker dollar were factors that threatened the company's stability during the first half of the year. To limit the risks associated with currency and customs fluctuations, EssilorLuxottica diversified its supply chains and increased its investments in emerging markets to offset the volatility of the US market.

EssilorLuxottica has undergone several major transactions: a year ago, the parent company acquired the sportswear brand Supreme for $1.5 billion. This acquisition enabled EssilorLuxottica to expand its portfolio into streetwear, creating new synergies between its traditional businesses and current consumer trends. Also last summer, the group strengthened its presence in the medtech sector by signing an agreement with Heidelberg Engineering, paving the way for greater convergence between the eye health and technology sectors. At the same time, it benefited from the exponential success of connected glasses, produced in partnership with Meta. Ray-Ban Meta glasses broke records, selling three times more models in the first half of 2025 than in 2024. These ties with the American giant have been further strengthened, as on July 9, Bloomberg announced a 3% increase in EssilorLuxottica's share capital with a target of 5%, which sent the stock price soaring.

These results allow the company to remain optimistic about the future, especially since the announcement of a reduction in US tariffs to 15% (instead of the 30% previously announced by Donald Trump) on imports of luxury goods from the European Union. The annual growth target of 5% between 2022 and 2026 remains unchanged. The group hopes to achieve sales of €27-28 billion by the end of the next two years. To achieve this goal, EssilorLuxottica is focusing on developing new technological products, further expanding in Asian markets, and strengthening its positions in Europe.