EssilorLuxottica Société anonyme (OTCPK:ESLOF) Q2 2024 Earnings Call July 25, 2024 12:30 PM ET
Company Participants
Giorgio Iannella - IR
Francesco Milleri - Chairman and CEO
Paul du Saillant - Deputy CEO
Stefano Grassi - CFO
Conference Call Participants
Chiara Battistini - JPMorgan
Oriana Cardani - Intesa Sanpaolo
Louise Singlehurst - Goldman Sachs
Veronika Dubajova - Citi
Domenico Ghilotti - Equita
Grace Smalley - Morgan Stanley
Luca Solca - Bernstein
James Grzinic - Jefferies
Cedric Lecasble - Stifel
Giorgio Iannella
Hello, everybody. This is Giorgio Iannella from the IR team. Thank you for joining EssilorLuxottica H1 2024 Results Management Call. The Group’s Chairman and CEO, Francesco Milleri; the Deputy CEO, Paul du Saillant; and the CFO, Stefano Grassi will walk you through the business and financial highlights for the period. After their presentations, there will be a Q&A session. [Operator Instructions]
With that, I hand it over to Francesco.
Francesco Milleri
Welcome, everybody. Good to see so many of you connected today for the EssilorLuxottica first semester earnings call. I am pleased to introduce our sound financial performance and give you an update on our key strategic initiatives. In the first 6 months of the year, we posted revenue growth in line with the long-term targets with the two quarter well aligned in their performance and the operating margin in sound progression. That leaves us fully confident to deliver on our 5-year targets. Stefano will elaborate on that. I just like to emphasize here the solidity of our growth path since 2021 on both revenue and margins always translating into strong cash flows.
While we will execute our strategy in the core business of eye care and eyewear, we played the role of a frontrunner in the technological revolution of the industry. The combination of Essilor, Luxottica and GrandVision into one single stronger