EssilorLuxottica : Confirmed improvement, Q3 sales close to flat, the short term is still uncertain but the investment case is intact
>Recovery in sales in Q3 in US and Europe, very limited decline overall at -1.1% on cc - Group revenues for Q3 slightly beat expectations (+2%/+3% roughly) at € 4.085bn, reflecting a y-o-y decline of -1.1% on constant currencies; this is close to flat and still on a constant currency basis, the lens division (Essilor) was up +2.7%, while Luxottica wholesale was down by no more than around -1% and Luxottica retail, more under pressure from the tourism exposure of its ...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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