Essilorluxottica (STU:ESL)
€ 233.6 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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Half Year 2019 Grandvision NV Earnings and to Discuss Transaction with EssilorLuxottica SA Call Transcript

Jul 31, 2019 / 07:00AM GMT
Release Date Price: €123.15 (+4.06%)
Operator

Thank you, Dino. Good morning, ladies and gentlemen. I am Stephan Borchert, CEO of GrandVision, and I would like to welcome you for the special analyst call to discuss the agreement between HAL and EssilorLuxottica to sell HALâs 76.72% stake in GrandVision to EssilorLuxottica. Furthermore, we will take you through our half year full year 2019 results, which were published this morning, one day earlier than planned. In terms of the agenda for this call, I will focus on the announced combination with EssilorLuxottica, and then Will Eelman, our CFO, will walk you through the half year and second quarter results before we open for Q&A.

Throughout this call, we will refer to the investor presentation, which can be downloaded on our website. Firstly, the transaction highlights. This morning, we announced that HAL has reached an agreement with EssilorLuxottica for the sale of HALâs 76.72% stake in GrandVision, which we refer to as the transaction. The purchase price of EUR 28 per share will increase by 1.5% to EUR 28.42 per share if the transaction is not closed within 1 year after the announcement

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