EssilorLuxottica : Growth recovery still at a high level, short-term outlook still favourable
>No deceleration in 2y growth in Q3 for EL ex GV - The company posted total Q3 revenues of € 5.473bn, comprising a contribution from GrandVision of € 1.068bn in gross terms (this figure had been announced by GV a day earlier), or € 1.013bn in net terms after eliminations of -€ 55m (intra-groups revenues). The pre-announcement FactSet consensus stood at € 5.237bn and we expected € 5.428bn, with the reported figure beating the consensus by c.+4%. Excluding the addition ...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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