Key Developments: Essilor International Compagnie Generale d'Optique SA (ESSI.PA)

ESSI.PA on Paris Stock Exchange

72.11EUR
17 Apr 2014
Price Change (% chg)

€-0.23 (-0.32%)
Prev Close
€72.34
Open
€72.55
Day's High
€72.73
Day's Low
€71.62
Volume
611,984
Avg. Vol
594,204
52-wk High
€89.98
52-wk Low
€70.51

Search Stocks

Latest Key Developments (Source: Significant Developments)

Essilor International SA Makes Bolt-On Acquisitions in Colombia and Chilie
Thursday, 29 Aug 2013 12:30am EDT 

Essilor International SA announced that it has made bolt-on acquisitions (acquisitions or local partnerships) in Colombia and Chilie. Financial terms were not disclosed.  Full Article

Essilor International SA Reaffirms FY 2013 Guidance
Thursday, 29 Aug 2013 12:30am EDT 

Essilor International SA announced that for fiscal 2013, revenue growth (like-for-like and bolt-on acquisitions) should be close to 7%, with profitability confirmed at a high level. The Company reported revenue of EUR4.988 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of EUR5.323 billion and net income of EUR646.49 million for fiscal 2013.  Full Article

PPG Industries Inc Announces Agreement To Divest Ownership Interest In Transitions Optical Joint Venture To Essilor International SA
Monday, 29 Jul 2013 01:06am EDT 

PPG Industries Inc announced that it has reached an agreement to divest 51% interest in Transitions Optical to Essilor International, which currently holds a 49% interest in the venture. Transitions Optical is a global supplier of photochromic lenses and a consolidated subsidiary of PPG. Essilor will also enter into multi-year agreements with PPG for continuing supply of optical dyes and research and development services and acquire PPG's optical sunlens business. The transaction reflects an enterprise value of approximately $3.4 billion, with PPG receiving cash at closing of $1.73 billion pre-tax or approximately $1.5 billion after-tax, subject to certain post-closing working capital and net debt adjustments. The transaction is expected to close in the first half of 2014.  Full Article

Essilor International SA Acquires 50% Stake in Polycore
Monday, 8 Jul 2013 01:30am EDT 

Essilor International SA announced the acquisition of a 50% stake in Polycore, which makes sun lenses and prescription lenses. The financial terms of the deal were not disclosed.  Full Article

Essilor International SA Carries Out $300 Million US Private Placement Notes Issue On Favorable Terms
Tuesday, 2 Jul 2013 01:30am EDT 

Essilor International SA announced that it has carried out a $300 million US private placement notes issue with 18 investors. The senior unsecured notes have been issued to refinance a bank loan due in 2014. The issue will enable the Company to extend the average maturity of its debt and broaden its investor base. The program comprises five fixed or variable-rate tranches, with maturities ranging between 2017 and 2023. The very favorable terms of the transaction - with a 3.40% coupon rate offered on the 10-year tranche - attests to the US investors` confidence in Essilor`s financial strength. Initially announced as a $150 million transaction, the issue was more than seven times oversubscribed.  Full Article

Essilor International SA Acquires Eight Businesses
Wednesday, 19 Jun 2013 01:30am EDT 

Essilor International SA announced that it has signed eight transactions to acquire operations in the United States, Brazil, South Africa, India and Asia representing combined annual revenue of around EUR 30 million. In the United States, a majority interest has been acquired in two prescription lens laboratories, Prodigy Optical in Oklahoma, with annual revenue of around USD 3.5 million, and e.magine Optical in Minnesota, with annual revenue of around USD 3 million. In Brazil, the Company is extending its geographic coverage by forging its first series of partnerships in the State of Minais Gerais through the acquisition of a majority interest in two prescription laboratories based in Belo Horizonte, PSA Nilo and Optiminas, with annual revenue of EUR 6.7 million and EUR 3.7 million respectively. In the sun lenses segment, Essilor has acquired a majority stake in Onbitt, a South Korean manufacturer of polarized films for ophthalmic lenses, which generates annual revenue of EUR 5 million. In Taiwan, Essilor has acquired a majority share in Shih Heng. Shih Heng will be in charge of developing the Kodak and BBGR brands in Taiwan. In India, Essilor has acquired a majority stake in Deepak Optic, a wholesaler with annual revenue of around EUR 1 million. Lastly, in South Africa, Essilor has acquired a majority interest in Spherical Optics. In addition, Essilor has completed the previously announced acquisitions of Servi Optica in Colombia and Isbir in Turkey.  Full Article

Safilo Group SpA Announces Licensing Agreement With Essilor International SA
Tuesday, 21 May 2013 02:00am EDT 

Safilo Group SpA announced a 10-year licensing agreement with Essilor International SA, for the design, manufacture and worldwide distribution by Essilor of polarized ophthalmic lenses under the Polaroid brand for use with eyewear products in general.  Full Article

Essilor International SA Confirms FY 2013 Guidance
Wednesday, 24 Apr 2013 08:00pm EDT 

Essilor International SA announced that it has confirmed its full year 2013 guidance of a more than 7% increase in revenue (like-for-like growth plus bolt-on acquisitions) and a sustained high level of profitability. The Company reported full year 2012 revenue of EUR 4.99 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2013 revenue of EUR 5.36 billion.  Full Article

Essilor International SA Proposes FY 2012 Dividend
Thursday, 28 Feb 2013 12:30am EST 

Essilor International SA announced that it has decided to propose the fiscal year 2012 dividend of EUR 0.88 per share, payable on June 4, 2013. The fiscal year 2011 dividend was 0.85.  Full Article

Essilor International SA Announces Acquisition and Partnership Agreement in the United States
Wednesday, 30 Jan 2013 07:00pm EST 

Essilor International SA announced the acquisition of an 80% share in X-Cel Optical, a manufacturer of ophthalmic lenses based in Minnesota (US). Financial terms of the transaction were not disclosed. In addition to that, the Company is continuing to deepen its local distribution network in the United States and has signed a partnership with Lenstech Optical, a prescription laboratory in Indiana.  Full Article

Search Stocks