During two days (28 & 29 May) we hosted a roadshow with Luxottica in Paris. The group pointed out the strong catalysts for this year (G. Armani, Tecnol, etc.) and for the MT/LT (expansion in prescription and in emerging markets, ageing population, etc.) and reiterated the 2013 sales and EBIT “rule-of-thumbs” despite the negative weather in Europe. We remain at a BUY with a FV of EUR44.
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