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    <link:label id="lab_elo_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToOwnersOfParent_label_en" xlink:label="lab_elo_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income, net of tax, exchange differences on translation, attributable to owners of parent</link:label>
    <link:label id="lab_elo_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToOwnersOfParent_documentation_en" xlink:label="lab_elo_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other Comprehensive Income Net Of Tax Exchange Differences On Translation Attributable To Owners Of Parent</link:label>
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    <link:label id="lab_elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod_label_en" xlink:label="lab_elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for undistributed profits of joint ventures accounted for using equity method</link:label>
    <link:label id="lab_elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod_documentation_en" xlink:label="lab_elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Adjustments For Undistributed Profits Of Joint Ventures Accounted For Using Equity Method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod" xlink:href="elo-2025-12-31.xsd#elo_AdjustmentsForUndistributedProfitsOfJointVenturesAccountedForUsingEquityMethod"/>
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    <link:label id="lab_elo_ProfitLossBeforeTaxDiscontinuedOperations_label_en" xlink:label="lab_elo_ProfitLossBeforeTaxDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit (loss) before tax, discontinued operations</link:label>
    <link:label id="lab_elo_ProfitLossBeforeTaxDiscontinuedOperations_documentation_en" xlink:label="lab_elo_ProfitLossBeforeTaxDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Profit Loss Before Tax Discontinued Operations</link:label>
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    <link:label id="lab_elo_AdjustmentsForInterestExpenseOnLeaseLiabilities_label_en" xlink:label="lab_elo_AdjustmentsForInterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for interest expense on lease liabilities</link:label>
    <link:label id="lab_elo_AdjustmentsForInterestExpenseOnLeaseLiabilities_documentation_en" xlink:label="lab_elo_AdjustmentsForInterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Adjustments For Interest Expense On Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_elo_AdjustmentsForInterestExpenseOnLeaseLiabilities" xlink:href="elo-2025-12-31.xsd#elo_AdjustmentsForInterestExpenseOnLeaseLiabilities"/>
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    <link:label id="lab_elo_ProfitLossBeforeTaxContinuingOperations_019bdcbd-29bc-7952-99c2-1850c8b47bea_totalLabel_en" xlink:label="lab_elo_ProfitLossBeforeTaxContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Profit (loss) before tax, continuing operations</link:label>
    <link:label id="lab_elo_ProfitLossBeforeTaxContinuingOperations_label_en" xlink:label="lab_elo_ProfitLossBeforeTaxContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit (loss) before tax, continuing operations</link:label>
    <link:label id="lab_elo_ProfitLossBeforeTaxContinuingOperations_documentation_en" xlink:label="lab_elo_ProfitLossBeforeTaxContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Profit Loss Before Tax Continuing Operations</link:label>
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    <link:label id="lab_elo_FairValueGainsAndLossesOnHedgeReserve_label_en" xlink:label="lab_elo_FairValueGainsAndLossesOnHedgeReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Fair Value Gains And Losses On Hedge Reserve</link:label>
    <link:label id="lab_elo_FairValueGainsAndLossesOnHedgeReserve_documentation_en" xlink:label="lab_elo_FairValueGainsAndLossesOnHedgeReserve" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Fair Value Gains And Losses On Hedge Reserve</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_019bdcbd-2897-7314-8071-d6647a01148c_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAndOperatingIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueAndOperatingIncome"/>
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    <link:label id="lab_ifrs-full_OperatingExpense_019bdcbd-29bc-731e-a43b-5598c8e73a1f_totalLabel_en" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OperatingExpense"/>
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    <link:label id="lab_ifrs-full_FinanceIncomeCost_019bdcbd-29bc-734e-8871-94b70377075e_netLabel_en" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceIncomeCost"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019bdcbd-2897-7a3e-85d8-929f70016eea_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncashEffectsSupplierFinanceArrangements" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherNoncashEffectsSupplierFinanceArrangements"/>
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    <link:label id="lab_elo_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossFinancialAssets_label_en" xlink:label="lab_elo_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, financial assets</link:label>
    <link:label id="lab_elo_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossFinancialAssets_documentation_en" xlink:label="lab_elo_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Financial Assets</link:label>
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    <link:label id="lab_elo_AdjustmentsForInterestExpenseLoansAndBorrowings_label_en" xlink:label="lab_elo_AdjustmentsForInterestExpenseLoansAndBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for interest expense, loans and borrowings</link:label>
    <link:label id="lab_elo_AdjustmentsForInterestExpenseLoansAndBorrowings_documentation_en" xlink:label="lab_elo_AdjustmentsForInterestExpenseLoansAndBorrowings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Adjustments For Interest Expense Loans And Borrowings</link:label>
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