EssilorLuxottica’s Q2 And First Half 2021 Results. Outlook 2021 Improves

The Board of Directors of EssilorLuxottica met to approve the condensed consolidated interim financial statements for the six months ended 30 June 2021. The Statutory Auditors have performed a limited review of these financial statements. Their report is in the process of being issued.

Second quarter:

• Revenue +9.2% versus 2019 at constant exchange rates1
• North America best performing region, EMEA and Latin America positive
• Professional Solutions and Direct to Consumer both growing and accelerating
• Optical and sun both growing, with sun catching up in pace
• E-commerce +66% versus 2019 at constant exchange rates1, reaching 9% of total revenue

First half:

• Operating profit +35% versus 2019 at constant exchange rates1
• Adjusted2 operating profit margin at 18.5%, up 130 basis points versus 2019
• Free cash flow4 record generation at Euro 1.2 billion

“We delivered another strong set of results in the first half, despite the ongoing challenges of the pandemic. Our continued focus on premium products and brands, a powerful supply chain and a global community of talented and engaged employees helped us get there.

In the second quarter, we wrote some important pages in EssilorLuxottica’s history by clarifying our governance and building one unified company, while continuing to expand our retail footprint in Europe by completing the acquisition of GrandVision.

Looking to the future, we’re proud to share our new company-wide Sustainability approach, “Eyes on the Planet”, built around key pillars including carbon, circularity, world sight, inclusion and ethics. As a sign of our long-term commitment in this area, today we announce our target to achieve carbon neutrality across our direct operations by 2025, starting in Europe by 2023. Doing good for our customers, consumers and communities, and doing good for our planet gives us even greater confidence about what lies ahead”, said Francesco Milleri, CEO of EssilorLuxottica and Paul du Saillant, Deputy CEO of EssilorLuxottica.

The Interim Financial Report can be downloaded from the Company’s website, https://www.essilorluxottica.com/, “Investors / Publications and Downloads” section, or by clicking on: https://www.essilorluxottica.com/sites/default/files/documents/2021- 07/2021.06_EN_INTERIM%20Financial%20Report_Final.pdf