Report
Jean Danjou

EssilorLuxottica : A still satisfactory performance despite a more challenging context

>Q2 growth of +8% at CER and H1 EBIT margin virtually flat y-o-y despite a slowdown in the US and more visible inflationary pressure on costs - EssilorLuxottica reported H1 sales of € 12,851m (+7.1% y-o-y, +8.2% at constant exchange rates), or Q2 sales of € 6,699m, reflecting growth of +4.9% y-o-y and +8.0% y-o-y at CER after +8.6% in Q1. H1 adjusted EBIT came to € 2,347m (€ 1,832m reported after factoring in € 444m in purchase price allocation adjustments and € 71m i...
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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