EssilorLuxottica : Acceleration in growth and upside surprise on the margin: the indicators are positive coming out of H1
>Two-year growth accelerated in Q2 to +9.2% and at 18.5% the H1 margin beat forecasts by more than 100bp; visible positive momentum - The group released H1 results that visibly beat forecasts (+2.5% for Q2 sales and even +8.5% for EBIT vs our estimates which were slightly above the FactSet consensus) and led it to visibly revise up its full-year 2021 guidance (mid-single digit two-year growth at constant currencies, EBIT margin up vs 2019 in H1 and H2). Indeed, growth...Essilor International (Compagnie Generale d'Optique) designs, manufactures and sells ophthalmic lenses, ophthalmic optical instruments and equipment. Co.'s activities are divided into three segments: Lenses and Optical Instruments (Co. designs, manufactures and customizes corrective lenses such as: Varilux (progressive lenses); anti-reflective, smudge-proof and anti-static lenses (Crizal); Nikon lenses, Transitions variable-tint lenses and Kodak lenses under agreements; polarized lenses (Xperio) and fog-proof lenses (Optifog)), Equipment (Co. produces, distributes and sells equipment and consumables used by prescription laboratories) and Readers (Co. designs and sells reading glasses).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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