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EssilorLuxottica SA

ESLX.PA

Latest Trade

126.80EUR

Change

0.55(+0.44%)

Volume

505,239

Today's Range

125.85

 - 

126.80

52 Week Range

86.76

 - 

145.00

As of on the Euronext Paris ∙ Minimum 15 minute delay

Latest Developments

Essilorluxottica Business Results In Oct. 'Solid Positive' - Conf Call

Nov 3 (Reuters) - EssilorLuxottica executives in a conference call <ESLX.PA>::BUSINESS RESULTS SAW ACCELERATION AND WERE SOLID POSITIVE IN OCT.IT IS CONFIDENT THERE WILL BE FAVORABLE OUTCOME IN GRANDVISION LEGAL PROCEEDINGS.ANTITRUST PROCESS TO TAKE OVER GRANDVISION IS PROCEEDING AS EXPECTED.ESSILORLUXOTTICA TEAM AND OPTICIANS HAVE LEARNED A LOT FROM FIRST LOCKDOWN SO IMPACT ON Q4 SHOULD BE SMALLER IN FRANCE.THERE WAS MARGINAL IMPROVEMENT IN GROSS MARGIN IN Q3 COMPARED TO H1.

EssilorLuxottica Q3 Revenue Down At EUR 4.09 Bln

Nov 3 (Reuters) - EssilorLuxottica SA <ESLX.PA>::REG-ESSILORLUXOTTICA: THIRD QUARTER 2020 REVENUE // STRONG RECOVERY DRIVEN BY RESILIENT OPTICAL BUSINESS.Q3 REVENUE FELL 5.2 PERCENT TO 4.085 BILLION EUR.WHILE COVID-19 DISRUPTIONS CONTINUED TO WEIGH ON SALES, COMPANY SIGNIFICANTLY MITIGATED THEIR IMPACT THROUGH STRONG EXECUTION, LEADING TO A POSITIVE MIX IN ALL MAIN DIVISIONS.E-COMMERCE CONTINUED TO GROW FAST, UP 40% YEAR-TO-DATE TO A RECORD EURO 878 MILLION.CONTINUES TO APPROACH NEXT FEW MONTHS WITH PRUDENT CONFIDENCE.IT IS CONFIDENT ABOUT STRUCTURAL RESILIENCE OF OPTICAL NEEDS.TO CONTINUE TO BUILD A STRONG COMBINED GROUP, DEEPEN INTEGRATION AND DELIVER SYNERGIES, WHILE CONTINUING TO CONTROL COSTS AND PRESERVE CASH.WILL CONSIDER IN DECEMBER OPPORTUNITY TO DISTRIBUTE A DIVIDEND BY YEAR END.ENDED QUARTER WITH EURO 8.8 BILLION IN CASH AND SHORT-TERM INVESTMENTS AND A NET DEBT OF EURO 3.3 BILLION (INCLUDING LEASES LIABILITIES).REMAINS ON TRACK TO DELIVER CUMULATIVE SYNERGIES OF EURO 420 TO 600 MILLION AS A NET IMPACT ON ADJUSTED OPERATING PROFIT BY 2023.REVENUE SYNERGIES WERE SOMEWHAT DELAYED BY TEMPORARY STORE CLOSURES BUT ARE GRADUALLY CATCHING UP, WITH IMPORTANT MILESTONES.AT THE END OF SEPTEMBER, MORE THAN 95% OF THE COMPANY’S STORES HAD REOPENED ACROSS THE GLOBE.

Grandvision Q3 Adj. EBITA Up At EUR 176 Million

Oct 30 (Reuters) - Grandvision Nv <GVNV.AS>::Q3 REVENUE 1.047 BILLION EUR VERSUS 1.045 BILLION EUR YEAR AGO.REG-GRANDVISION POSTS RECORD ADJUSTED EBITA OF €176 MILLION IN 3Q20 AND RETURNS TO REVENUE GROWTH.3Q20 ADJUSTED EBITA (I.E. EXCLUDING NON-RECURRING ITEMS) INCREASED TO EUR 176 MILLION FROM EUR 132 MILLION IN Q3 OF 2019 (+35.2%) AT CONSTANT EXCHANGE RATES.GRANDVISION CONFIRMS ITS INTENTION TO PAY A DIVIDEND FOR 2019.GRANDVISION'S NET DEBT POSITION AS OF 30 SEPTEMBER 2020 WAS EUR 602 MILLION, A REDUCTION OF EUR 151 MILLION COMPARED TO END OF JUNE 2020.REVENUE GREW BY 2.3% AT CONSTANT EXCHANGE RATES TO EUR 1,047 MILLION IN 3Q20 (3Q19: EUR 1,045 MILLION).NOT PROVIDING AN OUTLOOK FOR THE REMAINDER OF THE YEAR AND FOR 2021.PROCEEDINGS AGAINST ESSILORLUXOTTICA ARE CURRENTLY ONGOING; THEY ARE CONFIDENTIAL AND NON-PUBLIC.STORE BASE DECREASED TO 7,247 STORES FROM 7,271 AT THE END OF JUNE 2020 DRIVEN BY STORE CLOSURES IN THE ORDINARY COURSE OF BUSINESS AND OPENINGS OF 45 NEW STORES.WE ARE CONTINUING TO SUPPORT ESSILORLUXOTTICA IN OBTAINING THE REMAINING REGULATORY APPROVALS FOR THE PROPOSED ACQUISITION OF HAL'S STAKE IN OUR COMPANY.

Facebook And EssilorLuxottica Announce Collaboration For Smart Glasses

Sept 16 (Reuters) - EssilorLuxottica SA <ESLX.PA>::FACEBOOK AND ESSILORLUXOTTICA ANNOUNCE COLLABORATION FOR SMART GLASSES.MULTIYEAR COLLABORATION TO DEVELOP NEXT GENERATION OF SMART GLASSES.FIRST PRODUCT WILL BE BRANDED RAY-BAN, WORLD'S MOST POPULAR EYEWEAR BRAND, AND IS SCHEDULED TO LAUNCH IN 2021.PRODUCT NAME, SPECS, SOFTWARE CAPABILITIES, PRICING, AND OTHER DETAILS WILL BE SHARED CLOSER TO LAUNCH IN 2021.

GrandVision: District Court Dismisses EssilorLuxottica Claims

Aug 24 (Reuters) - Grandvision NV <GVNV.AS>::REG-DISTRICT COURT RULES IN FAVOUR OF GRANDVISION.DISTRICT COURT HAS IN SUMMARY PROCEEDINGS DISMISSED ALL CLAIMS MADE BY ESSILORLUXOTTICA SA.ARBITRATION PROCEEDINGS INITIATED BY GRANDVISION AGAINST ESSILORLUXOTTICA ARE PROCEEDING AS PLANNED.CONTINUES TO SUPPORT ESSILORLUXOTTICA WITH SHARED OBJECTIVE TO OBTAIN REGULATORY APPROVAL FOR CLOSURE OF TRANSACTION WITHIN 12 TO 24 MONTHS FROM ANNOUNCEMENT DATE OF 31 JULY 2019.

GrandVision Confirms EssilorLuxottica Taken Measures To Secure Certain Information

Aug 6 (Reuters) - Grandvision NV <GVNV.AS>::REG-GRANDVISION CONFIRMS ESSILORLUXOTTICA HAS TAKEN MEASURES TO SECURE CERTAIN INFORMATION.GRANDVISION HAS COMPLIED WITH THIS PROCESS TO SECURE INFORMATION, WHICH IS HANDLED BY AN INDEPENDENT THIRD PARTY..A BACK-UP OF THIS INFORMATION WILL BE HELD BY THIS INDEPENDENT THIRD PARTY UNTIL THERE IS A RULING IN SUMMARY PROCEEDINGS.MEASURES TO SECURE CERTAIN INFORMATION STORED ON SERVERS OF GRANDVISION DO NOT IMPACT OUTCOME OF SUMMARY PROCEEDINGS.THIS INFORMATION REMAINS PROPRIETARY INFORMATION OF GRANDVISION AND NEITHER ESSILORLUXOTTICA NOR ANY OTHER THIRD PARTY WILL HAVE ACCESS TO THIS INFORMATION.AS PREVIOUSLY ANNOUNCED, GRANDVISION STRONGLY DISAGREES WITH ESSILORLUXOTTICA'S CLAIMS AND HAS FULL CONFIDENCE THAT THESE CLAIMS WILL BE REJECTED IN COURT.

Essilorluxottica H1 Adjusted Operating Profit Down At EUR 126 Mln

July 31 (Reuters) - ESSILORLUXOTTICA SA <ESLX.PA>::H1 ADJUSTED OPERATING PROFIT EUR 126 MILLION VERSUS EUR 1.51 BILLION YEAR AGO.REG-ESSILORLUXOTTICA: FIRST-HALF 2020 RESULTS / RESILIENT PERFORMANCE, STRONG ADAPTABILITY, STRUCTURAL VISION NEEDS.ACCELERATION IN DIGITAL, WITH ONLINE UP 43% IN FIRST HALF AND UP 68% IN Q2.H1 POSITIVE ADJUSTED OPERATING PROFIT DESPITE REVENUE DOWN 29%.PROMPT RESTART OF RETAIL IN BOTH OPTICAL AND SUN, PARTICULARLY IN NORTH AMERICA.CASH AND SHORT TERM INVESTMENTS CLOSE TO EURO 8 BILLION DUE TO PRUDENT MANAGEMENT AND POSITIVE FREE CASH FLOW2 IN Q2.WE ARE CAUTIOUSLY OPTIMISTIC ABOUT THE REMAINDER OF THE YEAR AND WILL BE WATCHING THE EVOLUTION OF THE VIRUS CLOSELY, READY TO ADAPT WHEREVER NEEDED - CEO.H1 REPORTED REVENUE OF EURO 6,230 MILLION, DOWN 29% AT BOTH CURRENT AND CONSTANT EXCHANGE RATES, COMPARED TO FIRST-HALF 2019 REVENUE.H1 ADJUSTED NET PROFIT ATTRIBUTABLE TO THE OWNERS OF THE PARENT WAS EURO 7 MILLION.THE SITUATION REMAINS TOO VOLATILE TO RE-INSTATE FINANCIAL OBJECTIVES FOR THE YEAR.AT THE END OF JUNE, ESSILORLUXOTTICA HAD REOPENED ALL ITS FACTORIES AND LABORATORIES AND ABOUT 90% OF ITS RETAIL STORES.IT IS NEVERTHELESS LIKELY THAT Q3 WILL STILL BE ANOTHER PERIOD OF TRANSITION ON THE WAY TO NORMALISATION.REITERATES CONFIDENCE IN DELIVERY OF SYNERGIES IN RANGE OF EURO 420 TO 600 MILLION AS A NET IMPACT ON ADJUSTED OPERATING PROFIT OVER 2019-2023.

Essilorluxottica: acknowledges arbitration from HAL and GrandVision and carries on with legal proceedings against them

July 30 (Reuters) - Essilorluxottica Sa <ESLX.PA>::ESSILORLUXOTTICA ACKNOWLEDGES ARBITRATION FROM HAL AND GRANDVISION AND CARRIES ON WITH LEGAL PROCEEDINGS AGAINST THEM.ESSILORLUXOTTICA REGARDS THESE ARBITRATION PROCEEDINGS AS A SURPRISING AND OBVIOUS ATTEMPT BY HAL AND GRANDVISION TO DETRACT FROM GRANDVISION'S BREACHES.ESSILORLUXOTTICA IS ACTING IN FULL COMPLIANCE WITH BLOCK TRADE AGREEMENT AND SUPPORT AGREEMENT AND ANY SUGGESTION TO CONTRARY IS BASELESS..TO DATE, ESSILORLUXOTTICA IS YET TO RECEIVE INFORMATION IT REQUESTED FROM GRANDVISION AND HAL..

Grandvision: initiates arbitration proceedings against EssilorLuxottica

July 30 (Reuters) - EssilorLuxottica SA <ESLX.PA>::GRANDVISION INITIATES ARBITRATION PROCEEDINGS AGAINST ESSILORLUXOTTICA.GRANDVISION NV TODAY INITIATED ARBITRATION PROCEEDINGS AGAINST ESSILORLUXOTTICA SA IN CONNECTION WITH THE MATERIAL BREACH NOTICE ESSILORLUXOTTICA HAS SENT TO GRANDVISION.GRANDVISION: STRONGLY DISAGREES WITH ESSILORLUXOTTICA'S CLAIMS.GRANDVISION ALSO WANTS TO ENSURE THAT ESSILORLUXOTTICA COMPLIES WITH ITS OBLIGATIONS UNDER THE SUPPORT AGREEMENT, IN PARTICULAR REGARDING MERGER CLEARANCE PROCESSES..GRANDVISION: CONTINUES TO SUPPORT ESSILORLUXOTTICA WITH THE SHARED OBJECTIVE TO OBTAIN REGULATORY APPROVAL FOR THE CLOSURE OF THE TRANSACTION WITHIN 12 TO 24 MONTHS FROM THE ANNOUNCEMENT DATE OF 31 JULY 2019.

Grandvision Says Informed Of Summary Proceedings Initiated By Essilorluxottica

July 18 (Reuters) - Grandvision <GVNV.AS>::REG-GRANDVISION INFORMED OF SUMMARY PROCEEDINGS INITIATED BY ESSILORLUXOTTICA."STRONGLY DISAGREES WITH ESSILORLUXOTTICA'S DEMANDS AND HAS FULL CONFIDENCE THAT THESE CLAIMS WILL BE REJECTED IN COURT".ESSILORLUXOTTICA INITIATED PROCEEDINGS BEFORE COURT FOR ADDITIONAL INFORMATION IN RELATION TO CO'S ACTIONS TO MITIGATE COVID-19 IMPACT.RECEIVED NOTICE CLAIMING CO IS IN BREACH OF AN AGREEMENT IN CONNECTION WITH HAL OPTICAL INVESTMENTS ENVISAGED SALE OF STAKE IN CO TO ESSILORLUXOTTICA.CO 'STRONGLY DISAGREES' IT BREACHED ITS OBLIGATIONS UNDER SUPPORT AGREEMENT AND HAS RESPONDED ACCORDINGLY.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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