EssilorLuxottica : Activity holding up well, pressure from currencies slightly more visible
>Q3 still showing growth at CER above 5% but the FX effect is a bit more negative than expected (devaluation of the Turkish lira among other things) - EL reported Q3 sales of € 6,294m, i.e. -1.6% y-o-y and +5.2% y-o-y at CER (growth was +8% at CER in Q2) with by division at CER: Professional Solutions at +5.7% (Q2: +8.2%) and DTC (physical and digital retail) at 4.7% (Q2: +7.8%) with l-f-l growth in physical retail coming in at close to +4% in the quarter (versus +5% ...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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