Q1 2025 Revenue

Strong revenue growth in the first quarter

• Group’s revenue up 8.1% at current and 7.3% at constant exchange rates¹ in Q1

• Sound growth in both PS and DTC channels, with comparable-store sales³ up 8%

• EMEA growing 10% at constant exchange rates¹, equally boosted by the two channels
• NA growing 4%, with solid trends in DTC and resilient demand in PS
• Asia-Pacific up double digits, with myopia solutions strong in China
• Ray-Ban Meta growing fast, with high penetration of Transitions

• After the US and Italy, Nuance Audio launched in France and starting in the UK and Germany
• Implementing measures to manage the impact of the US import duties