Report
Jean Danjou

EssilorLuxottica : Set to return to 2019 levels in 2021 give or take some forex effects

>Full-year results: slightly more positive growth in Q4, H2 margin slightly ahead of the 2019 level - The group did not disappoint on its full-year results. Business trends improved further in Q4, with positive growth on constant forex of +1.7% after -1% in Q3 and the EBIT margin in H2 on an adjusted basis, as the group had suggested this summer, was able to return to its pre-pandemic level (H2 2019). Indeed, it exceeded it slightly, at 15.2% vs 15.1% and adjusted for...
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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