EssilorLuxottica : End to 2021 as expected but more ambitious profitability guidance than anticipated
>Growth still solid in Q4, margins largely in line with expectations - EssilorLuxottica’s (EL) 2021 sales came in at € 19.82bn, comprising GrandVision sales over six months (or a net € 1.968bn), excl. GV sales grew by +26.2% on cc, or +8.0% at two years, and group adjusted EBIT came to € 3.279bn, or € 3.027bn excl. GV with a margin of 17.0% (this margin was 16.2% in 2019 and 9.6% in 2020, at cc the margin would have reached 17.5%). We expected sales and adjusted EBIT ...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).
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