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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  EssilorLuxottica    EL   FR0000121667

ESSILORLUXOTTICA

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EssilorLuxottica : Italy's Luxottica trials workers' tag to fight coronavirus

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05/21/2020 | 11:17am EDT
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses  in this photo illustration taken in Rome

Italian eyewear maker Luxottica will give employees a monitor that alerts them if they are not respecting social distancing rules and keeps track of contacts with people potentially at risk of coronavirus infection, it said on Thursday.

The maker of Ray-Ban, Oakley and Persol sunglasses, which merged with French group Essilor in 2018 to create EssilorLuxottica, will trial the electronic device at its main Agordo plant in the Veneto region in the next few days.

It is part of a prevention programme that includes extensive testing of workers and their family members which will be extended to other production sites and offices of the Italian group founded by billionaire tycoon Leonardo Del Vecchio. The firm employs 80,000 people.

The device, similar to an electronic badge which workers can carry with their routine access card, is equipped with a sensor that produces a sound alert if workers stay less than 1.5 metres apart.

Employees will be identified by an encrypted code and their data collected by a central database which will keep track of people's contacts so that, in the event of a worker testing positive, colleagues can be alerted and tested too.

Andrea Crisanti, a professor of microbiology at Padua University who is working with Luxottica on the programme, said he hoped the new system would help detect potentially infectious workers with no symptoms.

The trial is one of a number of initiatives companies across the world are introducing to try to keep their employees safe as lockdowns to contain the pandemic are gradually eased.

(Reporting by Claudia Cristoferi, writing by Silvia Aloisi, editing by Mark Potter)

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Financials
Sales 2020 14 988 M 17 040 M 17 040 M
Net income 2020 849 M 965 M 965 M
Net Debt 2020 3 444 M 3 916 M 3 916 M
P/E ratio 2020 59,2x
Yield 2020 1,31%
Capitalization 52 556 M 59 533 M 59 751 M
EV / Sales 2019
EV / Sales 2020 3,74x
Nbr of Employees 152 954
Free-Float 63,5%
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Technical analysis trends ESSILORLUXOTTICA
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 122,37 €
Last Close Price 120,75 €
Spread / Highest target 20,1%
Spread / Average Target 1,34%
Spread / Lowest Target -25,5%
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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