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Essilor International SA (ESSI.PA)

ESSI.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Luxottica says to delist from New York stock exchange
Tuesday, 16 May 2017 04:04pm EDT 

May 16 (Reuters) - Luxottica says::to voluntarily delist from New York Stock Exchange (NYSE) after trading volumes have shifted significantly to the Italian market.decision to delist from NYSE does not affect the group's strategic vision for the United States, a core market.such move expected to generate cost savings and will allow for greater efficiencies in light of pending combination with Essilor.to initiate delisting from the NYSE with a SEC filing on or about June 6, delisting of American Depositary Shares should become effective 10 days after such filing.  Full Article

Essilor shareholders approve the combination between Essilor and Luxottica
Thursday, 11 May 2017 12:31pm EDT 


Luxottica shares fall 2 pct after sales figures
Monday, 1 May 2017 10:30pm EDT 

May 2 (Reuters) - Luxottica::Shares down more than 2 percent in early trade after sales figures.The world's largest eyewear group said like-for-like sales fell 3.5 percent in the first quarter, hit by a recently introduced policy of reducing discounts and promotions online and across its retail network. nL8N1I07VI.  Full Article

Luxottica chairman confirms 2017 guidance, sees improvement next year
Friday, 28 Apr 2017 07:31am EDT 

April 28 (Reuters) - Luxottica founder and executive chairman Leonardo Del Vecchio tells shareholder meeting::confirms 2017 guidance.sees improvement next year, with profits rising at double the rate of revenues' growth.  Full Article

Essilor says will continue to examine bolt-on acquisition opportunities
Tuesday, 25 Apr 2017 04:50am EDT 

April 25 (Reuters) - Essilor ::Says company will continue to examine bolt-on acquisition opportunities.Earlier this year, Essilor and Luxottica unveiled a merger plan of 46 billion euros to create a global eyewear powerhouse with annual revenue of more than 15 billion euros nL5N1F50X1.  Full Article

France waives mandatory bid obligation in Essilor-Luxottica merger
Wednesday, 12 Apr 2017 12:45pm EDT 

EssilorLuxottica: French market watchdog waives mandatory bid obligation for Leonardo Del Vecchio's holding company Delfin in Essilor-Luxottica merger - document . Merger deal will hand Delfin 38.99 percent stake in EssilorLuxottica, above a 30 percent threshold that under French law would automatically trigger a buyout offer Further company coverage: [ESSI.PA] [LUX.MI] (Reporting by Milan Newsroom).  Full Article

Proposed combination of Essilor and Luxottica is progressing
Thursday, 23 Mar 2017 12:45pm EDT 

Essilor SA : Proposed combination of Essilor and Luxottica progressing . Transfer by Essilor International of its activities and shareholdings to its fully-owned subsidiary, Delamare Sovra, to be renamed Essilor International . Contribution by Delfin of all its shares in Luxottica (62.55%) in exchange for new shares issued by Essilor, based on an exchange ratio of 0.461 Essilor share for one Luxottica share .Filing and registration with AMF, by April 10, 2017 at latest, of information document describing rationale for transaction as well as main principles of combination agreement.  Full Article

Luxottica CEO says Essilor merger proceeding according to schedule
Thursday, 2 Mar 2017 04:41am EST 

Luxottica Group CEO Massimo Vian tells analyst call: Everything going according to schedule in relation to merger agreed with Essilor Further company coverage: [LUX.MI] (Reporting by Milan Newsroom).  Full Article

BRIEF-Luxottica says 2016 adj EBIT 1.43 bln euros
Wednesday, 1 Mar 2017 11:51am EST 

Luxottica Group says: Adjusted EBIT down 0.7 percent to 1.43 billion euros versus Thomson Reuters SmartEstimate of 1.42 billion euros . Net profit up 3.3 percent in 2016 to 882 million euros . To pay dividend of 0.92 euros per share on 2016 results up 3.4 percent versus previous year . Operating margin 15.8 percent in 2016 versus 16 percent in 2015 . Sees 2017 sales growth of "low to mid single-digits" at constant exchange rates . Sees 2017 adjusted operating income rising 0.8-1.0 times the increase in sales . Sees 2017 adjusted net income rising in line with sales .Sees 2017 net debt/EBITDA ratio of around 0.5 times.  Full Article

Essilor predicts less bolt-on acquisitions this year
Friday, 17 Feb 2017 02:45am EST 

Essilor chief operating officer Laurent Vacherot says: sees uncertain global political context, notably in Europe and the United States . sees no improvement in Brazil economy . time frame of planned merger with Italy's Luxottica unchanged, sees less bolt-on acquisitions this year Further company coverage: [ESSI.PA] (Paris newsroom).  Full Article

LVMH hires Luxottica's head of retail: internal memo

MILAN Luxury goods company LVMH has hired Nicola Brandolese, the former head of retail at Italian eyewear maker Luxottica, according to an internal announcement by the French firm seen by Reuters.