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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  EssilorLuxottica    EL   FR0000121667

ESSILORLUXOTTICA

(EL)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 07/06 03:59:55 pm
119.1 EUR   +0.68%
07/03ESSILORLUXOTTICA : UBS gives a Neutral rating
MD
07/03ESSILORLUXOTTICA : RBC sticks Neutral
MD
07/01ESSILORLUXOTTICA : Jefferies sticks Neutral
MD
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EU regulators target EssilorLuxottica deal impact in Britain, Italy

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03/20/2020 | 09:39am EDT
FILE PHOTO: Sunglasses from Ray Ban are on display at an optician shop in Hanau

EU antitrust regulators are focusing on the impact of Ray-Ban maker EssilorLuxottica 7.2 billion euro (6.6 billion pounds) bid for Dutch opticians group GrandVision in Italy and Britain, according to an EU document seen by Reuters.

The European Commission, which opened a full-scale investigation on Feb. 6, is concerned that the deal could push up prices or reduce choice for consumers.

Retailers and rival lens makers have similarly voiced worries, sources have told Reuters. EssilorLuxottica's eyewear and retail brands include Oakley, Sunglass Hut and Spectacle Hut.

GrandVision's chains include Vision Express in Britain and For Eyes in the United States and it also sells brands including Varilux lenses and Ray-Ban sunglasses.

In a 39-page questionnaire sent to independent opticians, the EU watchdog wanted to know how they compete with EssilorLuxottica and GrandVision in Italy and Britain in terms of competitive prices, portfolio of eyewear, location and their positioning in terms of price and quality.

The Commission also asked if EssilorLuxottica, formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, uses its market power to strike a better commercial deal with independent opticians.

Retailers were asked whether data they transmitted to EssilorLuxottica gave the company an advantage.

The EU halted its investigation into the case on March 2 while waiting for the companies to provide requested information.

"The Commission understands the challenges that companies might face due to the extremely challenging current context around COVID -19," a spokeswoman said.

By Foo Yun Chee

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.11% 6.5 Delayed Quote.20.73%
ESSILORLUXOTTICA 0.42% 118.8 Real-time Quote.-12.89%
GRANDVISION N.V. -0.39% 25.4 Delayed Quote.-7.00%
JUST GROUP PLC -2.54% 47.66 Delayed Quote.-38.10%
THE NEW HOME COMPANY INC. 4.06% 3.33 Delayed Quote.-31.33%
VISION INC. 0.60% 668 End-of-day quote.-63.13%
WILL GROUP, INC. 5.03% 668 End-of-day quote.-46.65%
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Latest news on ESSILORLUXOTTICA
07/03ESSILORLUXOTTICA : UBS gives a Neutral rating
MD
07/03ESSILORLUXOTTICA : RBC sticks Neutral
MD
07/01ESSILORLUXOTTICA : Jefferies sticks Neutral
MD
07/01ESSILORLUXOTTICA : Deutsche Bank reaffirms its Neutral rating
MD
07/01ESSILORLUXOTTICA : Kepler Cheuvreux remains its Buy rating
MD
06/25ESSILORLUXOTTICA 2020 ANNUAL SHAREHO : Shareholders adopt all Board resolutions
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06/25ESSILORLUXOTTICA : 2020 Annual Shareholders' Meeting: Shareholders adopt all Boa..
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06/25ESSILORLUXOTTICA : Message from the Executive Chairman and the Executive Vice-Ch..
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06/25ESSILORLUXOTTICA : Answers to Shareholders' Questions
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06/23LEONARDO DEL VECCHIO : ECB needs few weeks to review Del Vecchio raising Medioba..
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Financials
Sales 2020 15 009 M 16 974 M 16 974 M
Net income 2020 1 237 M 1 399 M 1 399 M
Net Debt 2020 3 220 M 3 642 M 3 642 M
P/E ratio 2020 54,6x
Yield 2020 1,25%
Capitalization 51 429 M 58 158 M 58 161 M
EV / Sales 2019
EV / Sales 2020 3,64x
Nbr of Employees 152 954
Free-Float 63,2%
Chart ESSILORLUXOTTICA
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EssilorLuxottica Technical Analysis Chart | MarketScreener
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Technical analysis trends ESSILORLUXOTTICA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 122,74 €
Last Close Price 118,80 €
Spread / Highest target 22,1%
Spread / Average Target 3,31%
Spread / Lowest Target -24,2%
EPS Revisions
Managers
NameTitle
Paul du Saillant Chief Executive Officer & Director
Leonardo del Vecchio Executive Chairman & Chief Executive Officer
Jean Carrier-Guillomet Co-Chief Operating Officer
Stefano Grassi Co-Chief Financial Officer
David Wielemans Co-Chief Financial Officer
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