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Essilor Luxottica’s 2021 year is approaching without fail. Between the acquisition of GrandVision, ever-increasing demand, and excellent quarterly and stock market performances, the Franco-Italian group is performing on all fronts.
Some brands have been able to take advantage of the Covid-19 crisis, and thus post more than convincing results. EssilorLuxottica is one of these leaders. Born in 2018 from the merger between Essilor, a company specializing in corrective lenses, and Luxottica, the world leader in eyeglass frames straight from Italy, the group dominates the ophthalmology market. Listed on the largest European stock markets such as the CAC 40 or the Euro Stoxx 50, it manages to record a phenomenal year that places it directly at the level of champion of optics, representing 31% of the equipped market share.
A permanent demand
EssilorLuxoticca’s strategy is based on controlling the design of the eyewear: from the development, to the installation of the lenses, to the sale to the customer: they do everything themselves. They also play on the factor of the aging population and the ever-increasing needs, even among young people.
Indeed, the very frequent exposure of a large part of the population to screens (television, telephone, computer), which has increased with telecommuting and the abusive use of digital technology, contributes to accentuate the demand. The figures are alarming : one out of two European or American adults suffers from myopia. And by 2050, one out of two people will have to wear glasses because of myopia or astigmatism. Add to this the sunglasses that are aimed at every individual, with or without vision problems, and we have a market for the group’s products estimated at 100 billion euros and growing constantly.
A prolific year
EssilorLuxoticca’s revenue is up 2% at constant load rates compared to 2019 as of the first quarter of 2021. Of note is the explosion in e-commerce, which is up 61% compared to the first quarter of 2019.
The second quarter follows the trend and is expected to be even better than the first. Online sales account for 9% of total revenues, while e-commerce is once again up 66%. Over the first two quarters of the year, there was an increase of 35%, and a net profit of 854 million euros, allowing the company to revise its growth objectives upwards.
Finally, the excellence continues with the group’s third quarter results. Revenues rose by an estimated 9%, with explosions in North America and accelerating momentum in Latin America. Nevertheless, Asia contrasts the balance sheet with a negative trend. E-commerce accounts for 8% of sales, a logical consequence of the so-called “normal” reopening of sales areas.
Regarding capital transactions, the price of new EssilorLuxoticca shares is set at €124.70 in June 2021, with 2,687,685 shares issued, representing 0.6% of the group’s share capital https://sverige-ed.com. Later in August, Essilor Luxottica announced the launch of a share buyback program. This news was well received by investors and shows the group’s confidence in its future prospects. The more than two million shares repurchased are intended to be distributed or sold to employees and corporate officers as part of profit-sharing, bonus share or stock option plans.
The winning merger
It’s worth remembering that before the merger, Essilor alone was seeing growth of about 14% each year. Then after the formation of EssilorLuxottica in October 2018, growth slowed: it was 6.2% between 2018 and 2019 and 8.4% between 2019 and 2020 https://ed-italia.com/comprare-viagra-..-italia/. Thus, this year 2021 has really marked the effects of the combination of the two companies. All the more so, the acquisition of GrandVision will now give the Franco-Italian group an additional strike force. The positive dynamics in which the group finds itself explains the appreciation of the share price, now richly valued.
And as we await the results of the last quarter of 2021, the prognosis for the year 2022 is already being made : the outlook for the coming year’s sales is approximately 22.7 billion euros.
Read also > ESSILORLUXOTTICA REPORTS SOLID THIRD-QUARTER RESULTS
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Essilor Luxottica’s 2021 year is approaching without fail. Between the acquisition of GrandVision, ever-increasing demand, and excellent quarterly and stock market performances, the Franco-Italian group is performing on all fronts.
Some brands have been able to take advantage of the Covid-19 crisis, and thus post more than convincing results. EssilorLuxottica is one of these leaders. Born in 2018 from the merger between Essilor, a company specializing in corrective lenses, and Luxottica, the world leader in eyeglass frames straight from Italy, the group dominates the ophthalmology market. Listed on the largest European stock markets such as the CAC 40 or the Euro Stoxx 50, it manages to record a phenomenal year that places it directly at the level of champion of optics, representing 31% of the equipped market share.
A permanent demand
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Essilor Luxottica’s 2021 year is approaching without fail. Between the acquisition of GrandVision, ever-increasing demand, and excellent quarterly and stock market performances, the Franco-Italian group is performing on all fronts.
Some brands have been able to take advantage of the Covid-19 crisis, and thus post more than convincing results. EssilorLuxottica is one of these leaders. Born in 2018 from the merger between Essilor, a company specializing in corrective lenses, and Luxottica, the world leader in eyeglass frames straight from Italy, the group dominates the ophthalmology market. Listed on the largest European stock markets such as the CAC 40 or the Euro Stoxx 50, it manages to record a phenomenal year that places it directly at the level of champion of optics, representing 31% of the equipped market share.
A permanent demand
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