EssilorLuxottica : Q1 2021 sales +1.9% above the 2019 level despite the pandemic and forex
>Q1 sales in line but a shade above our forecasts at constant forex - Q1 sales were very much in line with our forecast at € 4,060m (close to the consensus) but included a negative forex effect that was stronger than anticipated by close to 1 point (-7.1% y-o-y vs our forecast of -6.1%) thus indicating growth that was more robust, on paper, at +14.3% y-o-y cc (we had +13.4%). On a comparison at two years at constant forex (i.e. vs 2019, as the y-o-y comparison with 2...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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