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EL - EssilorLuxottica SA News Story

€171.88 3.1  1.8%

Last Trade - 4:36pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £63.93bn
Enterprise Value £66.08bn
Revenue £14.57bn
Position in Universe 17th / 842

BRIEF-Essilorluxottica Q2 Total Revenue Amounted To Euro 4,709 Million, Up 9.2%

Fri 30th July, 2021 6:21am
July 30 (Reuters) - EssilorLuxottica SA  ESLX.PA :
    * REG-ESSILORLUXOTTICA’S SECOND QUARTER & FIRST HALF 2021
RESULTS
: REVENUE ACCELERATION, MARGIN EXPANSION, RECORD CASH FLOW &
2021 OUTLOOK IMPROVED
    * ESSILORLUXOTTICA SA - ESSILORLUXOTTICA NOW EXPECTS ITS
FULL YEAR
2021 REVENUE TO GROW AROUND MID-SINGLE DIGIT VERSUS 2019 AT
CONSTANT EXCHANGE RATES
    * ESSILORLUXOTTICA SA SEES 2021 ADJUSTED OPERATING PROFIT AS
A
PERCENTAGE OF REVENUE AT CONSTANT EXCHANGE RATES1 HIGHER THAN
2019
    * ESSILORLUXOTTICA SA - IN THE SECOND QUARTER, TOTAL REVENUE
AMOUNTED TO EURO 4,709 MILLION, UP 9.2% VERSUS THE SECOND
QUARTER OF 2019 AT CONSTANT EXCHANGE RATES
    * ESSILORLUXOTTICA SA -THE NEW FULL YEAR OUTLOOK REPRESENTS
AN
UPGRADE OF THE TARGETS ISSUED WITH THE FIRST QUARTER RESULTS
    * ESSILORLUXOTTICA SA - ON TRACK TO DELIVER ITS PREVIOUSLY
DISCLOSED TARGETS OF CUMULATIVE SYNERGIES OF EURO 300 TO 350
MILLION IN ADJUSTED OPERATING PROFIT BY THE END OF 2021
    * ESSILORLUXOTTICA SA - H1 GROUP ADJUSTED NET PROFIT
AMOUNTED TO
EURO 1,117 MILLION, AT 12.7% OF REVENUE
    * ESSILORLUXOTTICA SA - H1 FREE CASH FLOW WAS EURO 1,211
MILLION
IN THE FIRST SIX MONTHS OF THE YEAR. NET DEBT STOOD AT EURO
1,945 MILLION AT THE END OF THE PERIOD
    * ESSILORLUXOTTICA SA -TARGETS REFER TO THE ESSILORLUXOTTICA
PERIMETER, EXCLUDING GRANDVISION WHICH WILL BE CONSOLIDATED FROM
1 JULY 2021
    * ESSILORLUXOTTICA SA -  IN THE FIRST HALF OF THE YEAR, THE
ADJUSTED OPERATING PROFIT REACHED EURO 1,622 MILLION

Source text for Eikon:  ID:nGNE88DPZj 
Further company coverage:  ESLX.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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