EssilorLuxottica: Wait For A Pullback [Seeking Alpha]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
Company Research
Source: Seeking Alpha
EssilorLuxottica ( OTCPK:ESLOY The 2018 merger between Essilor and Luxottica has created the largest eyewear manufacturer in the world. Image provided by Les Echos For those who are unfamiliar with the firm, EssilorLuxottica is an Italian-French conglomerate in the eyewear sector, formed in 2018 as a merger Year Revenue ($) Net Income ($) 2015 7.29 billion 822.2 million 2016 7.49 billion 855.7 million 2017 11.02 billion 1.25 billion 12.37 billion 2019 19.51 billion 1.21 billion Figures collated from . EssilorLuxottica also benefits from its strong financial position, as its long-term debt of $7.7 billion is offset by a net worth of $39.63 billion. Furthermore, its short-term finances are also strong, as total current liabilities of $6.3 billion are offset by total current assets of $12.06 billion, cash-on-hand worth $5.42 billion, and total accounts receivable of $2.81 billion. This financial strength accounts for EssilorLuxottica's ability to reward shareholders with an annual divide
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