L’accélération des ventes est confirmée - NEUTRE - OC 50€
Le groupe italien a publié un CA T4 en ligne avec les attentes du consensus, marquant une accélération par rapport au T2 et au T3. Le management confirme par ailleurs que le RN devrait croître en 2016 (publication des résultats le 1er mars) et que la croissance des ventes devrait s’accélérer en 2017. Dans l’attente du closing de la fusion avec Essilor au S2 2017, nous maintenons notre recommandation NEUTRE et un objectif de 50€, équivalent aux conditions de l’offre d’échange à venir d’une action Luxottica pour 0,461 action Essilor.Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. The Company operates its retail segment principally through its retail brands, which include LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, GMO, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow, and its retail licensed brands, Sears Optical and Target Optical. The Company's wholesale distribution network covers over 150 countries across five continents and has approximately 50 commercial subsidiaries.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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