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EL - EssilorLuxottica SA News Story

€137.96 0.1  0.0%

Last Trade - 4:37pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £51.83bn
Enterprise Value £54.87bn
Revenue £12.39bn
Position in Universe 18th / 849

BUZZ-European luxury: UBS gears up for another busy year

Tue 14th January, 2020 10:49am
** UBS expects 2020 to be another busy year in the luxury
sector, supported by solid consumer sentiment and continued M&A
speculation
    ** UBS says the continued positive luxury consumer sentiment
remains at record levels, though a shift to spending in Mainland
China at the expense of Hong Kong may create a risk "for hard
luxury players"
    ** The brokerage sees the return of the sector's pricing
power as one of the key themes for 2020, following Louis
Vuitton's mid-single digit price increases last November
    ** The brokerage says it prefers companies with a proven
recipe for success and volume-driven business models, with LVMH
 LVMH.PA , Kering  PRTP.PA , Hermes  HRMS.PA  and Ferrari
 RACE.MI  as its top-picks
    ** USB says it avoids Swatch  UHR.S  and Richemont  CFR.S ,
both rated at "sell"


 ((anna.banacka@thomsonreuters.com))
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