Standalone Essilor released its Q3 18 results which were broadly in line with our estimates as well as street expectations. Organic revenue grew by 5% on the back of double-digit growth in the Sunglasses & Readers segment (+11.4%; c.9% of sales). Momentum also accelerated in the ‘lynchpin’ Lenses & Optical Instruments segment (+4.5%; c.88% of sales), benefiting from robust growth in fast-growing markets and online activities. Sales in the Equipment business grew by a meagr
23 Oct 2018
First read – sales momentum accelerates further; merger finally complete
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First read – sales momentum accelerates further; merger finally complete
EssilorLuxottica SA (EI:WBO) | 0 0 1.9% | Mkt Cap: 24,290m
- Published:
23 Oct 2018 -
Author:
Sumit Sayal -
Pages:
2
Standalone Essilor released its Q3 18 results which were broadly in line with our estimates as well as street expectations. Organic revenue grew by 5% on the back of double-digit growth in the Sunglasses & Readers segment (+11.4%; c.9% of sales). Momentum also accelerated in the ‘lynchpin’ Lenses & Optical Instruments segment (+4.5%; c.88% of sales), benefiting from robust growth in fast-growing markets and online activities. Sales in the Equipment business grew by a meagr