EssilorLuxottica : Minor adjustments to our forecasts, trajectory still firmly in place in our view
>Scant information provided on economic conditions, caution on the US and cost inflation but this appears in line with our forecasts - As usual, the group made few comments on the economic conditions for the current quarter (Q2) whilst it is due to publish its H1 results on 25 July. With regards to Q2 and without making any predictions on the trend in June, management simply reiterated that North America saw a gradual slowdown in discretionary spending (most visible ...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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