EssilorLuxottica : Growth trending well, firm promises about the margin in 2024
>Robust growth in Q4 exceeding 7%, H2 reported operating margin down- 70bp due to forex: the earnings report comes as no real surprise - The group generated € 25,395m revenue in 2023 – with growth at +3.7%, i.e. +7.1% cc – and its adjusted EBIT reached € 4,178m (16.6% margin vs 16.8% in 2022). These figures reflected +7.1% y-o-y revenue growth in Q4 cc (+2.4% reported) after +7.2% at the 9M mark – we were expecting +6% while the recent FactSet consensus hovered aroun...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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