EssilorLuxottica, maker of Oakley and Ray-Ban sunglasses, reported a rise in fourth-quarter revenues. The French-Italian group said its best performing regions were Europe, the Middle East and Africa
on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions.
The maker of Oakley and Ray-Ban sunglasses posted a 9.4% rise in revenues to 6.11 billion euros in the final quarter of the year at current exchange rates. The French-Italian eyewear group said Europe, Middle East, and Africa was its best performing region in the quarter due to solid sales growth in France, Italy, Spain, the UK and Scandinavia.Ray-Ban sunglasses are pictured for sale in a Sunglass Hut, both brands owned by EssilorLuxottica SA, in Manhattan, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly
However, the Asia-Pacific region grew by only 3.1% to 731 million euros as performance crumbled during the quarter when China was hit by a severe COVID-19 wave, the group said in a statement.
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