EssilorLuxottica : Asia in decline in Q3 but the overall trend remains favourable, GrandVision and digital are new opportunities
>Growth should remain robust in Q3, solid performance everywhere except in Asia affected by lockdowns in Australia - In the EssilorLuxottica scope excluding GrandVision, we understand that growth remained very favourable in Q3 in North America (the deceleration relative to the exceptional two-year growth seen in Q2 -16.4% - should be modest) while the trend is confirmed as improving both in Latin America and particularly in Europe in Q3 vs Q2 with two-year growth in Q...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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