EssilorLuxottica Société anonyme Full Year 2023 Earnings: EPS Misses Expectations

EssilorLuxottica Société anonyme (EPA:EL) Full Year 2023 Results

Key Financial Results

• Revenue: €25.4b (up 3.7% from FY 2022).
• Net income: €2.29b (up 6.4% from FY 2022).
• Profit margin: 9.0% (up from 8.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €5.11 (up from €4.87 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

EssilorLuxottica Société anonyme EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Direct to Consumer segment contributing a total revenue of €13.2b (52% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to €9.83b (73% of total expenses). Explore how EL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Medical Equipment industry in France.

Performance of the French Medical Equipment industry.

The company's shares are up 2.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on EssilorLuxottica Société anonyme's balance sheet.

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