Report
Jean Danjou

EssilorLuxottica : Encouraging start to the year with a significant catch-up in Europe

>Q1 sales show double-digit growth pro forma/cc driven by visible recovery in Europe - The company reported Q1 2022 sales of € 5.607bn, or +11.5% y-o-y on cc pro forma (i.e. with the same scope in Q1 2021, including GrandVision in the comparison), or +15.7% reported, still pro forma. We anticipated € 5.413bn, or +8.0% cc/pro forma and +11.7% reported and the Visible Alpha consensus € 5.521bn, while in Q4 2021 still with a pro forma comparison, y-o-y growth on cc was +...
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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