EssilorLuxottica SA logo

EL - EssilorLuxottica SA News Story

€139.88 1.7  1.3%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.72bn
Enterprise Value £55.77bn
Revenue £12.43bn
Position in Universe 18th / 850

BUZZ-EssilorLuxottica: "Leading position offers compelling entry point" -GS

Thu 4th June, 2020 11:24am
** Goldman Sachs resumes coverage of the French-Italian eye
wear maker EssilorLuxottica  ESLX.PA  with "buy", pointing to
its attractive balance sheet and dominant position in the global
market
    ** The brokerage says these assets should allow the company
to drive share gains and margin improvement in the mid-term
    ** Looking beyond COVID-19, whose impacts are already
reflected in Essilor's shares underperforming relevant peers,
the brokerage expects normalising market growth and improved
execution under a new to-be-appointed joint CEO to accelerate
revenue, EPS growth
    ** GS also sees further upside from capital deployment,
including potential GrandVision  GVNV.AS  acquisition which
could boost EPS forecasts

 ((Dagmarah.mackos@thomsonreuters.com))
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