EssilorLuxottica : Beyond the negative forex effects, solid growth and a favourable outlook
>Growth above 5% in Q1 on cc but negative forex effect reaches 250bp - The group reported Q1 growth of +3% or +5.5% on cc for sales of € 6.335bn. We forecast € 6.346bn reflecting y-o-y growth of 3.2% and 4.7% on cc, while the FactSet consensus saw sales of € 6.394bn with similar growth on cc. The pace of growth on cc weakened only slightly relative to the level of just above 6% seen in H2 2023 and despite a tough comparison base (two-year growth at over 20% in Q1 20...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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