EssilorLuxottica’s start to the New Year has been stronger than our as well as the market’s expectations. Both business segments clocked healthy growth during the quarter, with a positive contribution witnessed in all four operating regions. However, the stock has come under pressure due to concerns regarding the lockdown restrictions in China. We see this as a temporary issue plus the Asian country’s contribution to the top-line is also not significant. We will be slightly upgrading our estimat ....
26 Apr 2022
Strong start to the year; concerns around China are overdone
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Strong start to the year; concerns around China are overdone
EssilorLuxottica’s start to the New Year has been stronger than our as well as the market’s expectations. Both business segments clocked healthy growth during the quarter, with a positive contribution witnessed in all four operating regions. However, the stock has come under pressure due to concerns regarding the lockdown restrictions in China. We see this as a temporary issue plus the Asian country’s contribution to the top-line is also not significant. We will be slightly upgrading our estimat ....