EssilorLuxottica : A robust position to face a macro context set to remain mixed
>Q3 should bring no negative surprises - We forecast growth of +4.9% y-o-y cc in Q3 after +8% in Q2 reflecting mainly a normalisation in growth in Asia (+7.4% after +23.9% in Q2 driven by the very favourable comparison base in China) and to a certain extent in Europe too (10.8% reported for Q2, 7.2% expected in Q3) while growth in North America is expected to remain weak (Q2 reported at +2.3%, Q3 forecast at +2.4%). The company’s comments lead us to think that the Q3 ...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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