EssilorLuxottica : Very decent first-half results, set to be more challenging going forward but the group is well equipped
>North America still in the black in Q2, margin growth of 100bp y-o-y pro forma in H1 - The group reported H1 sales of € 11,994m (with € 6,387m for Q2, i.e. y-o-y growth at constant currencies pro forma of +7% in the quarter, vs +11.5% in Q1) and adjusted EBIT of € 2,202m (i.e. a margin of 18.4%, vs 17.4% pro forma in H1 last year). We looked for sales of € 11,794m (Q2 at € 6,187m, i.e. growth of 3.5% y-o-y at cc – pro forma) and adjusted EBIT of € 2,069m (margin of ...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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