Half Year 2026 Essilorluxottica SA Earnings Call Transcript
Key Points
- Essilorluxottica (ESLOF) reported a strong revenue growth of 9.7% at constant currency, aligning with their targets.
- The company achieved a 15% increase in adjusted operating profit, driven by investments in R&D, AI, and medical capabilities.
- Cash generation exceeded $1 billion, marking a robust financial performance.
- The strategic partnership with Applied Materials aims to develop next-generation intelligent optical systems, positioning Essilorluxottica at the forefront of innovation.
- The company is expanding its healthcare services with the opening of vision and high health surgery centers, enhancing its presence in the healthcare market.
- The company faces a demanding comparison base in the second half of the year, which may impact growth momentum.
- There is a potential risk of inflationary pressures affecting operating expenses, although currently under control.
- The luxury and premium fashion licensing portfolio experienced a negative quarter in Q2.
- The company is navigating a complex position as both a manufacturer and supplier in the optical market, which could present strategic challenges.
- The integration and scaling of new technologies, such as AI and AR wearables, may require significant investment and time to realize full potential.
Hello everybody, this is Giorgio Llanella from the IR team.
Thank you for joining at Cero Luxottica H1 2026 Results Management Call.
The Group Chairman and CEO Francesco Mileri, the Deputy CEO Paul Dusayan and the CFO Stefano Grassi will walk you through the business and financial highlights of the period.
After their presentations, there will be a 30-minute Q&A session.
If you want to make a question, please press followed by 5.
We kindly ask you to limit your questions to a maximum of 2.
With that, I hand it over to Francesco.
Welcome back everyone, and thank you for joining us today. I am pleased to reconnect with you to share the results of the first half of the year and give an update on the execution of our strategic vision as the Group evolves at a speed that is completely new in our history.
First of all, I would like to say
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