Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. EssilorLuxottica
  6. News
  7. Summary
    EL   FR0000121667


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EssilorLuxottica : receives approval to complete acquisition of Lenstec

10/14/2021 | 12:32pm EST

EssilorLuxottica receives approval to complete acquisition of Lenstec

Charenton-le-Pont, France (October 14, 2021 - 6:00pm CEST) - EssilorLuxottica has received approval from the Competition and Markets Authority in the UK to move forward with its proposed acquisition of the Lenstec Optical Group shareholding from owners Nigel Castle and Gerard Donovan.

Chrystel Barranger, President of Wholesale EMEA at EssilorLuxottica, commented, "We are delighted that we are now able to progress towards reinforcing our partnership with Lenstec, allowing us to improve access to EssilorLuxottica's wide range of product offering to British consumers. The successful relationship that EssilorLuxottica has enjoyed over the past years with the team at Lenstec has illustrated the relevancy of further combining our technologies and know-howwith the wealth of expertise and strong heritage of Lenstec."

Lenstec's Managing Director, Nigel Castle, commented, "We are excited to continue our journey within EssilorLuxottica. This partnership allows us to both strengthen and extend our products and service offering to our valued customers, whilst retaining the same customer intimacy, service and solutions our customers have come to expect."

Lenstec operates from three sites across the UK and enjoyed a turnover of £22 million1 in 2019. The deal is expected to close during 2021.


1 Revenue recogniseable due to EssilorLuxottica adopting IFRS15

EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux and Transitions, and world-class retail brands including Sunglass Hut, LensCrafters and since 1st July (via a majority interest) - GrandVision are part of the EssilorLuxottica family. In 2020, EssilorLuxottica had over 140,000 employees and consolidated revenues of Euro 14.4 billion. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. For more information, please visit www.essilorluxottica.com


Head of Investor Relations

Head of Corporate Communications

Giorgio Iannella

Marco Catalani

E-mail: ir@essilorluxottica.com

E-mail: media@essilorluxottica.com



EssilorLuxottica SA published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 16:31:04 UTC.

© Publicnow 2021
11/29ESSILORLUXOTTICA : Capital Increase Reserved for Employees of French companies participant..
11/22Generali investor De Agostini set to sell stake, to vote at AGM
11/22ESSILORLUXOTTICA : UBS reiterates its Buy rating
11/16EMEA MORNING BRIEFING : Caution Likely as Traders Monitor Biden-Xi Summit
11/15With an eye on the stock market, Italy's Illycaffe picks new CEO
11/11Generali's 9-month profit beats expectations, has 1 billion euros left for potential M&..
11/09WORLD SIGHT DAY : EssilorLuxottica employees put vision first around the world with first-..
11/05PUMP / DUMP #9 : This week's gainers and losers
11/02Transcriptions Pdf 0.20MB
11/01ESSILORLUXOTTICA : UBS reiterates its Buy rating
More news
Analyst Recommendations on ESSILORLUXOTTICA
More recommendations
Sales 2021 19 612 M 22 250 M 22 250 M
Net income 2021 1 913 M 2 170 M 2 170 M
Net Debt 2021 9 404 M 10 669 M 10 669 M
P/E ratio 2021 41,0x
Yield 2021 1,33%
Capitalization 80 104 M 90 718 M 90 878 M
EV / Sales 2021 4,56x
EV / Sales 2022 3,90x
Nbr of Employees 144 888
Free-Float 63,8%
Duration : Period :
EssilorLuxottica Technical Analysis Chart | EL | FR0000121667 | MarketScreener
Technical analysis trends ESSILORLUXOTTICA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 181,64 €
Average target price 185,92 €
Spread / Average Target 2,35%
EPS Revisions
Managers and Directors
Francesco Milleri Chief Executive Officer & Non-Independent Director
Stefano Grassi Co-Chief Financial Officer
David Wielemans Co-Chief Financial Officer
Leonardo del Vecchio Executive Chairman
Jean Carrier-Guillomet Co-Chief Operating Officer
Sector and Competitors