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    EL   FR0000121667

ESSILORLUXOTTICA

(EL)
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Real-time Quote. Real-time Euronext Paris - 09/20 11:35:03 am
168.8 EUR   -0.88%
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EssilorLuxottica : raises full-year guidance as sales rebound

07/30/2021 | 02:25am EDT
FILE PHOTO: Sunglasses from Ray Ban are on display at a optician shop in Hanau near Frankfurt

(Reuters) - Oakley and Ray-Ban maker EssilorLuxottica raised its full-year guidance on Friday after revenue doubled in the second quarter, helped by a strong recovery in North America.

The company now expects revenue for the full year to grow by a "mid-single digit" rate at constant currencies versus 2019 and its adjusted operating profit margin to be higher than in 2019.

EssilorLuxottica, which also makes sunglasses and spectacle frames for brands such as Chanel, Prada and Versace, previously saw its full-year revenue and adjusted operating profit margin at least at the same level of 2019.

"On top of a buoyant U.S., generating more than 50% of the Group's revenue, other key markets were nicely growing and fuelling the company's business acceleration, namely France, Italy, UK, Mainland China, Australia and Brazil," the company said in a statement.

Revenue in the second quarter rose to 4.71 billion euros ($5.6 billion), up 103% compared with a year ago and 9.2% compared with 2019 at constant currencies.

Operating profit in the first half of the year reached 1.27 billion euros, compared with a loss of 378 million a year ago and up 35.1% versus 2019.

($1 = 0.8420 euros)

(Reporting by Silvia Recchimuzzi in Gdansk; Editing by Himani Sarkar and David Holmes)


ę Reuters 2021
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Analyst Recommendations on ESSILORLUXOTTICA
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Financials
Sales 2021 19 823 M 23 245 M 23 245 M
Net income 2021 1 915 M 2 246 M 2 246 M
Net Debt 2021 7 850 M 9 204 M 9 204 M
P/E ratio 2021 38,2x
Yield 2021 1,44%
Capitalization 74 369 M 87 277 M 87 205 M
EV / Sales 2021 4,15x
EV / Sales 2022 3,59x
Nbr of Employees 144 888
Free-Float 63,6%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 168,80 €
Average target price 171,80 €
Spread / Average Target 1,78%
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Managers and Directors
Francesco Milleri Chief Executive Officer & Non-Independent Director
Stefano Grassi Co-Chief Financial Officer
David Wielemans Co-Chief Financial Officer
Leonardo del Vecchio Executive Chairman
Jean Carrier-Guillomet Co-Chief Operating Officer
Sector and Competitors