JOSH EDELSON/AFP
OUR SHARE ADVISORY ON ESSILORLUXOTTICA – The integrated optical giant’s share price has just hit new records on the stock market: while sales growth is not strong, it is steady and profitable. And it should remain so, thanks in particular to connected eyewear.
The election of US President Donald Trump, who has promised protectionist measures among other things, is not doing the Paris Bourse, where major exporters are plentiful, any favors.
That said, five CAC 40 stocks have set all-time highs in the past week, including EssilorLuxottica: on November 11, which was not a public holiday for the Bourse, it exceeded its previous record. 232 for the first time in its existence. This represents a market capitalization in excess of €100 billion.
Disappointing growth, but acceleration in sight
And yet, the latest publication from the integrated optics giant, on October 17, somewhat disappointed market expectations. After sales growth of 5.5% at constant exchange rates in the first quarter and 5.2% in the second, the third quarter of the year, marked by the summer for the owner of the Ray-Ban and Oakley brands, ended with a 4% increase in sales. Nine-month sales totalled 19.73 billion euros (+4.9%).
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