Core Insights - EssilorLuxottica reported strong sales growth and margin expansion for the year ended December 31, 2024, with a notable acceleration in Q4 and record high profits [1][2] Financial Performance - Group revenue increased by 9.2% in Q4 and 6.0% for the full year at constant exchange rates [6] - Adjusted operating margin reached 17.0% at constant exchange rates, improving by 50 basis points compared to 2023 [6] - Strong free cash flow of €2.4 billion for the full year [6] - Proposed dividend of €3.95 per share, with a scrip dividend option [6] Product and Market Developments - Ray-Ban Meta achieved sales of 2 million units since its launch, with strong growth expected in 2024 [6] - Nuance Audio has received clearance and is starting operations in the US OTC and Europe [6] - Stellest continues to perform well in China, with approximately 50% revenue growth in Q4 [6] Strategic Initiatives - The company is focusing on med-tech, smartglasses, and iconic brands, with a commitment to sustainability through the Eyes on the Planet roadmap [3][4] - Collaboration with the WHO through the OneSight EssilorLuxottica Foundation aims to provide essential vision care globally [4] Future Outlook - The company expresses confidence in entering a new era of opportunities, driven by a global workforce of over 200,000 [3][5] - Long-term targets remain on track, with a commitment to meaningful transformation in the coming years [5]
EssilorLuxottica: Q4/FY 2024 Results - Sound sales growth and margin expansion in 2024. Smartglasses as a new driver, Nuance off to a promising start