Report
Jean Danjou

EssilorLuxottica : A little more caution in our short-term forecasts

>Still aiming for sales growth and margin expansion in 2022 but the comparison base is toughening in North America - The group’s message does not suggest a significant inflection at this stage. For 2022, the group continues to aim for sales growth (not quantified) and adjusted EBIT margin expansion (vs 16.1% pro forma in 2021). As for Q2, no comment has been made on June as it stands but no red flags appeared in the trends for April and May. By region, the group ind...
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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