EssilorLuxottica: Q4/FY 2024 Results - Sound sales growth and margin expansion in 2024. Smartglasses as a new driver, Nuance off to a promising start
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EssilorLuxottica reported strong sales growth and margin expansion for Q4 and FY 2024, with smartglasses and Nuance Audio as new growth drivers. The company saw a 9.2% increase in Q4 revenue and a 6.0% increase for the full year. North America showed acceleration, and Ray-Ban Meta sold 2 million units. The adjusted operating margin improved to 17.0%, and a dividend of Euro 3.95 per share was proposed.
February 12, 2025 | 5:15 pm
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EssilorLuxottica's Q4/FY 2024 results show strong sales growth and margin expansion, driven by smartglasses and Nuance Audio. The company reported a 9.2% increase in Q4 revenue and a 6.0% increase for the full year. The adjusted operating margin improved to 17.0%, and a dividend of Euro 3.95 per share was proposed.
EssilorLuxottica's strong financial performance in Q4 and FY 2024, with significant revenue growth and margin expansion, is likely to positively impact its stock price. The introduction of new products like smartglasses and Nuance Audio, along with a proposed dividend, further supports a positive outlook.
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