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3 min read - Published on 11 Mar 2022

EssilorLuxottica’s fourth-quarter and full-year 2021 results

Accelerating in the fourth quarter, above margin guidance Targeting 19-20% margin in 2026


EssilorLuxottica including GrandVision (year-on-year change at constant currency1):


  • Reported Group revenue1 up 20% in FY versus 2019 and 40% versus 2020
  • Comparable revenue1,3 up 11% in Q4 and 7.4% in FY versus 2019
  • Best quarter of the year with all regions exceeding pre-pandemic revenue1,3
  • Double-digit growth1,3 in North and Latin America versus 2019, sunglasses accelerating
  • E-commerce revenue4 crossing Euro 1.5 billion in FY, +62%1,3 versus 2019 in both Q4 and FY
  • Adjusted2 operating profit pro forma4 as a percentage of revenue at 16.1% in FY
  • Free cash flow6 at Euro 2.8 billion
  • Dividend proposed at Euro 2.51 per share, in cash or shares


Long-Term Outlook (at constant currency1):


  • Annual revenue growth 2022-26 at mid-single digit
  • Adjusted2 operating profit as a percentage of revenue at 19-20% in 2026