OPSM and Sunglass Hut have been singled out as strong contributors towards a successful, €6.8 billion (AU$11.9 b) first quarter (Q1) of 2025 for EssilorLuxottica.
The group posted its financials for the first three months of the year on 23 April 2025, with the Asia-Pacific region showing double-digit growth – up 10.4% on the same period in 2024, at constant exchange rates.
Asia-Pacific, which counts Australia and New Zealand, generated €852 million in revenue (AU$1.5 b) – €84 million (AU$147 m) more than Q1 2024.
In a presentation to investors, the 375-store OPSM optical network was highlighted for “growing with higher conversion and price-mix”.
Also, Sunglass Hut Australia had a positive result, helped by the introduction of Ray-Ban Meta smart glasses.
Other APAC highlights included a “sound performance in China, supported by myopia solutions and pick-up in frames”, myopia solutions up by around 30% in China led by Stellest and Nikon DOT, and Japan continuing double-digit same-store sales trajectory.
Overall, EssilorLuxottica’s Q1 2025 revenue reached €6.8 billion (AU11.9 b), representing a year-on-year increase of 7.3% at constant exchange rates compared to Q1 2024 (+8.1% at current exchange rates).
The company reported “sound growth” across both its professional solutions (products and equipment supplied to independents) and direct-to-consumer (optical practices and shopfronts) channels, with comparable-store sales up 8%.
“In the first quarter, we successfully maintained strong momentum, with all regions and businesses contributing to steady growth (in constant currency terms) – each playing an integral role in advancing our journey in the wearables and med-tech space,” said Mr Francesco Milleri, chairman and CEO, and Mr Paul du Saillant, deputy CEO.
“From the new six-year clinical data confirming long-term efficacy of Stellest in slowing myopia progression to the transformative Nuance Audio launch marking an entirely new category in the US, Italy and France, we are making significant strides toward our strategic goals.”
The executives said EssilorLuxottica’s brands were “showing the power of relevance like never before”.
This included Ray-Ban Meta’s “extraordinary trajectory”, Oakley celebrating its 50th year of being “the world’s favourite sport performance brand”, and Oliver Peoples extending its partnership with legend Roger Federer.
“At the heart of this momentum are our 200,000 dedicated colleagues, whose commitment and passion fuel our continued success,” Milleri and du Saillant said.
“Their growing involvement as shareholders stands a powerful testament to their trust in our company and the values that define us. In a time of uncertainty, we advance with purpose, ambition and confidence in the future we are building together.”
More reading
Momentum continues behind EssilorLuxottica ANZ business
New six-year data for Essilor Stellest lenses in slowing myopia progression
This Australian optometrist is prescribing plano defocus lenses to prevent myopia
