Essilor: Robust start to the year in terms of external growth (7 acquisitions this month!)

BUY, Fair Value EUR80 (+4%)

News published on January Thursday 31, 2013
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Following the 5 operations announced last week, all located in emerging markets, Essilor announced this morning two new acquisitions in the US (cumulative sales of USD39m or c.EUR29m). Consequently, the world’s leading ophthalmic company is carrying out a dynamic external growth strategy as it has already finalised 7 acquisitions in January, for cumulative sales of c.EUR100m, implying a positive 2% scope effect.

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