Report
Jean Danjou

EssilorLuxottica : Fin d’année 2021 sans surprise mais le groupe communique un objectif de profitabilité à terme plus ambitieux qu’attendu

>Croissance toujours solide au T4, marge à peu près en ligne avec les attentes - Le CA 2021 d’EssilorLuxottica (EL) ressort à 19820 M€ et comprend les ventes de GrandVision sur 6 mois (soit en net 1968 M€), hors GV l’activité croît de +26.2% à tcc soit +8.0% à 2 ans, l’EBIT ajusté groupe s’élève lui à 3279 M€ soit 3027 M€ hors GV et une marge de 17.0% (cette marge était à 16.2% en 2019 et 9.6% en 2020, à tcc la marge aurait atteint 17.5%). Nous anticipions un CA et u...
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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