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
Should l Buy ?
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.
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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.
