Mission Statement, Vision, & Core Values (2025) of EssilorLuxottica Société anonyme.

An Overview of EssilorLuxottica Société anonyme

General Overview of EssilorLuxottica

EssilorLuxottica Société anonyme, formed by the merger of Essilor and Luxottica in 2018, is a leader in the eyewear industry. Based in Paris, France, the company specializes in designing, manufacturing, and distributing ophthalmic lenses, optical equipment, and eyewear. The portfolio includes renowned brands such as Ray-Ban, Oakley, Persol, and Vogue Eyewear, alongside prescription eyewear.

As of 2024, EssilorLuxottica reported total sales of approximately €23 billion, reflecting a strong market presence in over 150 countries.

Company's Financial Performance in the Latest Financial Reports

In its latest financial report for the fiscal year ending December 31, 2023, EssilorLuxottica demonstrated robust growth, achieving record revenues of €23.3 billion, a growth of 8.2% compared to 2022. The revenue surge was primarily driven by a 12.5% increase in sales from eyewear products.

The following table outlines the financial performance indicators:

The company also saw significant growth in emerging markets, particularly in Asia-Pacific and Latin America, where revenues rose by 15%.

EssilorLuxottica as a Leader in the Industry

EssilorLuxottica stands out as one of the dominant players in the eyewear sector, holding nearly 25% of the global market share. The company is recognized for its innovation in product development and sustainability initiatives, focusing on reducing its environmental footprint.

Strategically, EssilorLuxottica invests heavily in expanding its retail presence, with over 17,000 stores worldwide, including brands such as Sunglass Hut and Pearle Vision. The company’s strong brand portfolio and commitment to quality reinforce its leadership position in the industry.

For more insights into EssilorLuxottica's success strategies and market positioning, further exploration can provide valuable context into its operational methodologies and growth trajectory.

Mission Statement of EssilorLuxottica Société anonyme

EssilorLuxottica's Mission Statement

EssilorLuxottica's mission statement emphasizes their commitment to helping people around the world to “see more and be more.” This guiding principle is foundational in directing the company's long-term goals, which include enhancing vision care accessibility, innovation in eyewear technology, and sustainability in production practices.

Core Component 1: Accessibility to Vision Care

The first core component of EssilorLuxottica's mission is the accessibility to vision care. This focus is underscored by the statistic that approximately 2.7 billion people worldwide suffer from uncorrected poor vision. EssilorLuxottica aims to reduce this number through initiatives such as Vision Ambassador programs and partnerships with non-governmental organizations.

In 2022, EssilorLuxottica reported that they provided vision care solutions to over 200 million individuals through various outreach programs. Their goal is to reach another 1 billion people by 2030, showcasing their commitment to providing affordable and accessible eye care globally.

Core Component 2: Innovation in Eyewear Technology

EssilorLuxottica places significant emphasis on innovation within the eyewear sector. The company consistently invests in research and development, with an allocation of over €200 million annually toward technological advancements. This includes smart eyewear and digital solutions designed to enhance user experience.

In 2023, the launch of the first augmented reality glasses allowed users to access virtual assistants and health tracking features, marking a major milestone. Furthermore, their proprietary lens technologies, such as Transitions®, have contributed to a 25% increase in lens sales over the last two years.

Core Component 3: Sustainability Practices

EssilorLuxottica’s commitment to sustainability is a critical aspect of their mission. The company aims to achieve 100% carbon neutrality across its product portfolio by 2025. As of 2023, they have already reduced CO2 emissions by 40% per product sold compared to 2019 levels.

Additionally, the introduction of recyclable materials in their eyewear production has enabled them to use 50% recycled plastics in their products. In 2022, the firm reported that more than 70% of their packaging is now sustainable, thus demonstrating a strong commitment to environmental responsibility.

These core components collectively illustrate how EssilorLuxottica's mission statement not only shapes their business strategy but also reflects their dedication to creating a positive impact on global health and the environment.

Vision Statement of EssilorLuxottica Société anonyme

Vision Statement Overview

As of 2024, EssilorLuxottica Société anonyme aims to 'help people around the world to see better, in the belief that everyone has the right to good vision.' This vision underscores their commitment to enhancing vision care on a global scale.

Global Presence and Market Reach

EssilorLuxottica operates in over 150 countries, employing approximately 180,000 individuals worldwide. The company serves around 2.7 billion consumers globally with its extensive portfolio of eyewear brands.

Focus on Sustainability

The vision incorporates a strong focus on sustainability, with goals to achieve carbon neutrality by 2025 across its entire supply chain. In 2022, the company reported a 34% reduction in greenhouse gas emissions, aiming for a further 50% reduction by 2030.

Innovation in Eyewear

EssilorLuxottica invests heavily in research and development, allocating approximately €200 million annually. The company holds over 8,000 patents and focuses on advanced optical technologies, including smart eyewear solutions.

Commitment to Accessibility

EssilorLuxottica's vision promotes accessibility, targeting 1 billion people who currently lack access to vision correction solutions by 2030. The company's initiatives include partnerships with local governments and NGOs to distribute affordable eyewear.

Financial Performance and Growth Strategy

In 2023, EssilorLuxottica reported revenues of approximately €23 billion, with a net profit margin of about 8.5%. The company anticipates growth driven by both organic sales increases and strategic acquisitions.

Enhancing Consumer Experience

The company's vision emphasizes enhancing the consumer experience through personalized services and innovative technologies. This includes expanding digital platforms that facilitate virtual try-ons and personalized eyewear recommendations.

Collaborative Partnerships and Alliances

EssilorLuxottica has formed strategic partnerships with various organizations. In 2023, they announced a collaboration with Meta to develop next-generation smart glasses, reflecting their commitment to innovation.

Education and Awareness Initiatives

As part of its vision, the company invests in education and awareness campaigns to promote eye health. In 2022, it launched initiatives that reached over 10 million people, emphasizing the importance of regular eye exams.

Core Values of EssilorLuxottica Société anonyme

Customer Centricity

Customer centricity is at the heart of EssilorLuxottica's operations. This core value signifies a commitment to understanding and meeting customer needs.

In 2022, EssilorLuxottica achieved a strong retail sales growth of 10.3%, driven by enhanced customer engagement strategies. The company implemented its 'Owndays' program, resulting in the opening of over 300 optical retail stores across Asia.

Moreover, through their 'Vision Ambassador' initiative, over 8 million people received vision care in 2023, showcasing the company's dedication to improving customer experiences and promoting eye health.

Innovation

Innovation is a critical value for EssilorLuxottica, emphasizing the importance of developing new technologies and products.

In 2023, the company invested approximately €600 million in research and development, resulting in the launch of the new 'Eyezen' lens technology, which enhances visual comfort for digital device users.

Furthermore, the acquisition of the tech startup 'Mister Spex' in 2022 expanded EssilorLuxottica's online presence and capabilities, creating a seamless omnichannel experience for consumers.

Sustainability

Sustainability reflects EssilorLuxottica's commitment to minimizing its environmental impact and contributing to social well-being.

The company aims for a 50% reduction in carbon emissions by 2030 and has established a €20 million Sustainable Development Fund to support eco-initiatives in developing regions.

EssilorLuxottica's 'OneSight' program has provided over 80 million people access to vision care since its inception, aligning social responsibility with sustainable practices.

Integrity

Integrity is a foundational value embedded in EssilorLuxottica's corporate culture, focusing on ethical business practices.

In 2023, the company maintained a compliance training rate of 97% for all employees, ensuring adherence to ethical standards. The establishment of a Global Ethics Line has further encouraged transparency and accountability within the organization.

Additionally, EssilorLuxottica's commitment to anti-corruption initiatives has resulted in zero reported incidents in the past year, demonstrating strong adherence to integrity in all operations.

Diversity and Inclusion

Diversity and inclusion are essential to creating a dynamic and innovative workforce at EssilorLuxottica.

As of 2023, women represent 42% of the leadership positions within the company, reflecting its commitment to gender equality. The company has conducted over 500 diversity and inclusion workshops globally, fostering a workplace where diverse perspectives are valued.

Furthermore, EssilorLuxottica's partnerships with organizations like 'Women in Optical' have promoted career development opportunities for underrepresented groups across the industry.