Essilorluxottica

EL: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€727.00	Mlwdb	Pnkcydgl

EssilorLuxottica Earnings: Revenue Strong, but Margin Pressured by Investments; Shares Expensive

Jelena Sokolova

Feb 15, 2024

We are maintaining our fair value estimate for wide-moat EssilorLuxottica as the company reported full-year 2023 revenue largely in line, but operating profit was somewhat below our estimates. We view shares as expensive at current levels.

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