EssilorLuxottica’s H1 FY23 performance was in line with market expectations. The group’s revenue growth of 8.2% (at constant currency) was a factor of the positive momentum in both business segments. Although the rebound in China is encouraging, the slowdown in growth in North America could ring alarm bells for some investors. The decision to expand into hearing solutions looks promising, although we agree that there are multiple moving parts. The financial impact is also unclear at present. We ....
26 Jul 2023
Decent H1 performance; gearing to combine sight and sound!
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Decent H1 performance; gearing to combine sight and sound!
EssilorLuxottica’s H1 FY23 performance was in line with market expectations. The group’s revenue growth of 8.2% (at constant currency) was a factor of the positive momentum in both business segments. Although the rebound in China is encouraging, the slowdown in growth in North America could ring alarm bells for some investors. The decision to expand into hearing solutions looks promising, although we agree that there are multiple moving parts. The financial impact is also unclear at present. We ....