Essilor: FY12 results in line, Q4 LFL growth a touch above market expectations

BUY, Fair Value EUR80 (+7%)

News published on February Thursday 28, 2013
Share on
Essilor reported this morning 2012 results globally in line with market expectations. 2012 sales came in at EUR4,989m (+19.1% as reported and +5.2% LFL) and met the consensus of EUR4,991m. Q4 LFL sales growth amounted 3.6% and topped consensus (+3.4%e), which is a satisfying performance considering the challenging comparison base (Q4 11: +6.4% vs. +4.5% in 9M). FY12 contribution from operations reached EUR894m (stable margin at 17.9%) and is bang in line with consensus (EUR893.5m). Analysts’ meeting scheduled today at 10am (CET) will have more details on the FY13 outlook.

Full report available to subscribers
Please contact marketing@bryangarnier.fr

The Essentials

Everything you need to know about investment banking dedicated to growth
Stay Informed
Get our news
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities