EssilorLuxottica

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).
  • TickerEI
  • ISINFR0000121667
  • ExchangeEuronext Paris
  • SectorHealth Care Equipment & Services
  • CountryFrance

Analysts

Jérôme VINERIER

Analyse court terme - ESSILORLUXOTTICA : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 122,60 €. La rupture de 104,00 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - ESSILORLUXOTTICA : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €122.60. The break of €104.00 would endanger the trend.

Jérôme VINERIER

Short term view - ESSILORLUXOTTICA : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €129.40.

Jérôme VINERIER

Analyse court terme - ESSILORLUXOTTICA : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 129,40 €.

Valérie GASTALDY

Medium term view - ESSILOR INTERNATIONAL : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €129.55 and €144.70. The trend would be invalidated below the support at €103.56.

Cedric Rossi

ESSILOR Stronger-than-expected Q3 LFL boosted by Emerging Markets and S&R

Stronger-than-expected Q3 LFL boosted by Emerging Markets and S&R Q3 LFL topped expectations (+5% vs. +4.5%e) Lenses Division: sound performances in all regions Sun & Readers: record LFL (+9%) over 9M FY18 outlook confirmed, brace for challenging Q4 comps

Léopold Authié

Essilor : Q3 2018 sales 1% above the consensus. Guidance maintained

>Q3 2018 sales +5%l-f-l, +0.7% acquisitions, 1% above the consensus expectations - Essilor has reported Q3 2018 sales (€ 1,811m, +5% l-f-l, +0.7% acquisitions), 1% above the consensus estimates Q3 2018 sales details by division:Lenses & optical instruments division (€ 1,597m, 4.5% l-f-l, 0.6% acquisitions), 3% above our estimates.Equipment (€ 46m, 1.2% l-f-l, 0% acquisitions), 1% below our estimates.Sunglasses & readers (€ 168m, 11.4% l-f-l, 1.7% a...

Léopold Authié

Essilor : CA T3 2018 1% au-dessus du consensus. Guidance maintenue

>CA T3 2018 +5%lfl, +0.7% acquisitions, 1% au-dessus des attentes du consensus - Essilor a publié un CA T3 2018 (1 811 M€, +5%lfl, +0.7% acquisitions), 1% au-dessus du consensus.Détail du CA T3 2018 par division :Verres et Matériel Optique (1 597 M€, 4.5%lfl, 0.6% acquisitions) ressort 3% au-dessus de nos attentes.Equipement (46 M€, 1.2%lfl, 0% acquisitions) ressort 1% en dessous de nos attentes.Sunglasses & Readers (168 M€, 11.4%lfl, 1.7% acquisit...

Jelena Sokolova

Morningstar | Essilor and Luxottica See Improving Performance in 3Q; FVE Maintained

We retain our wide moat rating and fair value estimate of EUR 127 per share for EssilorLuxottica, as the companies have reported third-quarter results broadly in line with expectations and confirmed full-year guidance. The call was given for the Essilor business only, as the merger process is under way, while the joint EssilorLuxottica shareholders' meeting, with an update on integration and common goals, is expected on Nov. 29. At Essilor, performance accelerated in the third quarter, resulting in 5% like-for-like growth (versus 3.6% in the first half of the year and around 4% annual target)...

Jelena Sokolova

Essilor and Luxottica See Improving Performance in 3Q; FVE Maintained

We retain our wide moat rating and fair value estimate of EUR 127 per share for EssilorLuxottica, as the companies have reported third-quarter results broadly in line with expectations and confirmed full-year guidance. The call was given for the Essilor business only, as the merger process is under way, while the joint EssilorLuxottica shareholders' meeting, with an update on integration and common goals, is expected on Nov. 29. At Essilor, performance accelerated in the third quarter, resulting...

A director bought 1,000 shares at 103.535EUR and

A director at Essilor International bought 1,000 shares at 103.535EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/23/2018

At the Capital Markets Day on 8 November, ASML should again outline an upbeat vision out to 2025. We expect further strong growth in sales (to between € 15bn and € 20bn in 2025 vs a target of € 11bn in the 2020 plan), along with growth in EPS, which we see reaching between € 11 (bear case) and € 18 (bull case) vs € 8.4 in 2020e. Based on our average scenario in 2025 (sales of € 17.5bn and EPS of € 15), the share price could potentially double, hence our Buy recommendation. Cf report p...

Alfred Glaser ...
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/10/2018

A l’occasion du CMD du 8/11, ASML devrait présenter une vision à nouveau optimiste à horizon 2025. Nous tablons en effet sur une nouvelle forte croissance du CA (à 15/20 Md€ en 2025 vs un objectif de 11 Md€ dans le plan 2020), accompagnée d’une croissance du BPA qui devrait évoluer entre 11 € (bear case) et 18 € (bull case) vs 8.4 € en 2020. A notre scénario moyen en 2025 (CA de 17.5 Md€ et BPA de 15 €), le titre a le potentiel pour doubler, d’où notre opinion Acheter. Cf étude publié...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/27/2018

Which stocks should be picked over the summer? We have sought to answer this question by screening the Stoxx 600 using simple criteria: buy stocks with positive 1m, 3m and 6m EPS revision and that are not expensive (maximum premium of 20% on P/E and P/B) relative to their respective sectors. We have selected stocks on which our analysts have Buy recommendations and our chart analyst (Rémy Colombero) has a positive opinion: Ahold, Aegon, Alten, Arkema, Eiffage and Ipsen. Applying a sym...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas Kieffer
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Salma Bouraoui
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/07/2018

Quels titres favoriser pour l’été ? Nous avons tenté de répondre à cette question en criblant sur des critères simples le Stoxx 600 : acheter les titres qui connaissent une dynamique de révision de BPA positive à 1m, 3m et 6m et qui ne sont pas « chers » (prime maximale de 20% en P/E et P/B) par rapport à leurs secteurs de rattachement respectifs. Nous retenons les titres recommandés à l’Achat par nos analystes et pour lesquels notre chartiste (R. Colombero) a une opinion positive : A...

Christian Guyot ...
  • Peter Farren

INVEST SECURITIES - Essilor : Un très bon T4 porté par les US - ACHAT, OC 130€

L'accélération de la croissance organique au T4 a été nettement plus importante que prévu grâce au succès des lancements aux Etats-Unis. Cette publication a toutefois été éclipsée par le feu vert donné à la fusion Essilor/Luxottica de la part des autorités de la concurrence européenne et américaine. La Chine est donc le dernier pays clé dont l'accord est attendu. Notre objectif de 130€ est inchangé après mise à jour des paramètres du DCF et malgré la baisse de nos estimations (BNA 2018-19e -3% afin d'intégrer l'évolution des devises). Nous réitérons notre recommandation ACHAT compte tenu de l'...

Nurhayati Wan

EssilorLuxottica

Nurhayati Wan

EssilorLuxottica

Nurhayati Wan

EssilorLuxottica

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Nurhayati Wan

EssilorLuxottica

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Nurhayati Wan

EssilorLuxottica

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GlobalData Department

Essilor International Compagnie Generale d'Optique SA (EI) - Medical Equipment - Deals and Alliances Profile

Summary Essilor International Compagnie Generale d'Optique SA (Essilor) designs, manufactures and distributes ophthalmic lenses, sunwear, reading glasses and optics equipment. The company offers a range of corrective lenses for correcting visual disorders such as myopia, hypermetropia and astigmatism. It also manufactures and sells non-prescription reading glasses, sunglasses, equipment, instruments and consumables used by prescription laboratories and eyecare professionals. Essilor has manufacturing facilities across North America, Latin America, Europe and Asia Middle East, Russia and Afric...

Anaïs Dudout

Proxy Report - 24/04/2018

Update on the merger with Luxottica: In January 2017, Luxottica signed a merger agreement with the Essilor. The agreement consisted of two main transactions: (i) Delfin's stake (largest shareholder, controlled by Leonardo Del Vecchio) in Luxottica (61.6%) will be transferred to Essilor in exchange for Essilor shares at an exchange ratio of 0.461 Essilor share for 1 Luxottica share; (ii) a subsequent mandatory exchange offer to be launched by Essilor on the remaining Luxottica's outstanding shares. Following the transaction, Delfin will be the largest shareholder of EssilorLuxottica, with at le...

Anaïs Dudout

Proxy Report - 24/04/2018

L'assemblée générale 2018 d'Essilor est cette année encore marquée par le projet de rapprochement avec Luxottica que Proxinvest a décidé de soutenir en AG 2017 et qui fût approuvé à 99% des voix. Cette fusion donnerait naissance à EssilorLuxottica, dirigée par Leonardo Del Vecchio en tant que Président Directeur Général (fondateur et Président Directeur Général de Luxottica) et par Hubert Sagnières (Président Directeur Général d'Essilor) en tant que Vice-Président Directeur Général Délégué. L'intérêt stratégique est indéniable mais les risques d'exécution élevés (deux entités distinctes dans u...

Jérôme VINERIER

Analyse court terme - ESSILORLUXOTTICA : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 122,60 €. La rupture de 104,00 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - ESSILORLUXOTTICA : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €122.60. The break of €104.00 would endanger the trend.

Jérôme VINERIER

Short term view - ESSILORLUXOTTICA : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €129.40.

Jérôme VINERIER

Analyse court terme - ESSILORLUXOTTICA : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 129,40 €.

Valérie GASTALDY

Medium term view - ESSILOR INTERNATIONAL : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €129.55 and €144.70. The trend would be invalidated below the support at €103.56.

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