Ray-Ban parent EssilorLuxottica shares rise on strong H1 results By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Source: Investing.com
Strong Financial Performance: EssilorLuxottica reported a 5.3% revenue increase to €13.29 billion for the first half of 2024, with an adjusted operating profit margin improvement to 18.8%, driven by growth in EMEA and Asia-Pacific regions.
Potential Stake Acquisition by Meta: CEO Francesco Milleri confirmed Meta Platforms' interest in acquiring a stake in EssilorLuxottica, which could enhance their collaboration on smart glasses technology, despite some analysts expressing concerns about North American performance and cost pressures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
