Essilorluxottica (HAM:ESL)
€ 233.5 2.3 (0.99%) Market Cap: 107.11 Bil Enterprise Value: 117.47 Bil PE Ratio: 46.62 PB Ratio: 2.74 GF Score: 92/100
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Q3 2022 EssilorLuxottica SA Earnings Call Transcript

Oct 21, 2022 / 08:30AM GMT
Release Date Price: €158.6 (+1.15%)
Operator

Hello, and welcome to the EssilorLuxottica Q3 Revenue Update. (Operator Instructions) I will now hand the call over to Stefano Grassi, CFO, to begin.

Stefano Grassi;tÃ;anonyme;CFO
EssilorLuxottica SociÃ

©©-

Welcome to our third quarter trading update. EssilorLuxottica posted another quarter of strong growth with top line in acceleration, despite a tougher [comparison] base during this period, where revenue were up 17% at current exchange rate. While if you look at our results at constant FX rate, you're looking at 8.2% growth. The main driver of the difference between constant and current FX results is very much the U.S. dollar, that during the course of a third quarter, we evaluated approximately 17% against euro.

In Q3, pretty much all the region posted solid growth. Asia Pacific and Latin America were at double-digit pace. Europe was at a high single-digit pace, and North America performed on a low single-digit territory, but with a very tough comparison base. As you remember, in the third quarter of

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