Impacted by FX headwinds, adverse weather conditions and an unfavourable calendar impact (timing of Easter), Essilor’s Q1 18 sales figures came in below our estimates. However, as the demand for recently-launched products picks up pace, the growth momentum should accelerate, thereby enabling Essilor to achieve its full-year targets.
01 May 2018
Q1 a miss; momentum to accelerate in the coming quarters
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Q1 a miss; momentum to accelerate in the coming quarters
EssilorLuxottica SA (EI:WBO) | 0 0 1.9% | Mkt Cap: 24,290m
- Published:
01 May 2018 -
Author:
Sumit Sayal -
Pages:
3
Impacted by FX headwinds, adverse weather conditions and an unfavourable calendar impact (timing of Easter), Essilor’s Q1 18 sales figures came in below our estimates. However, as the demand for recently-launched products picks up pace, the growth momentum should accelerate, thereby enabling Essilor to achieve its full-year targets.