Report
Jean Danjou

EssilorLuxottica : GrandVision or not, the trend remains in good shape

>Sharply improved trend in Q2, North America and digital driving momentum - The group had reported two-year growth (i.e. vs. 2019) on cc of +1.9% in Q1 2021, driven mainly by a score of +6.4% in North America (over 50% of sales), and we understand that the acceleration in retail sales in the US, both for eyewear and sunglasses (the Sun Glass Hut network remains on a very favourable trend), has continued in recent months and should result in a visible improvement in t...
Underlying
EssilorLuxottica SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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