Essilor released Q2 17 results wherein lfl growth was short of our estimates but profitability was in line. Organic revenue growth dropped to +2.5% (vs AV’s estimate: +3.6%; Q2 16:+3.2%) as the company faced a challenging industry environment post the merger announcement with Luxottica. Growth in the ‘Lenses & Optical Instruments’ segment slowed to +2.5% (vs AV’s estimate: +3%; Q1 17: +2.8%; accounts for c.86% of Q2 17 sales) with Latin America the biggest let-down
08 Aug 2017
Challenging market conditions in the short-term
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Challenging market conditions in the short-term
EssilorLuxottica SA (EI:WBO) | 0 0 1.9% | Mkt Cap: 24,290m
- Published:
08 Aug 2017 -
Author:
Sumit Sayal -
Pages:
3
Essilor released Q2 17 results wherein lfl growth was short of our estimates but profitability was in line. Organic revenue growth dropped to +2.5% (vs AV’s estimate: +3.6%; Q2 16:+3.2%) as the company faced a challenging industry environment post the merger announcement with Luxottica. Growth in the ‘Lenses & Optical Instruments’ segment slowed to +2.5% (vs AV’s estimate: +3%; Q1 17: +2.8%; accounts for c.86% of Q2 17 sales) with Latin America the biggest let-down