Oddo BHF maintains its 'outperform' rating on EssilorLuxottica shares, with an unchanged target price of 225 euros.

Yesterday, EssilorLuxottica organized a visit for sell-side analysts to the recently reopened GrandOptical flagship store on the Champs Elysées, an "extraordinary" 600 m2 optical store (full-year sales expected to exceed €15 million).

The analyst believes that the integration of GrandVision has been "a success" and that growth in European optical retailing should remain "robust".

"At this stage, we are maintaining our Q2 growth forecast at +5.5% y/y cc, in line with the score posted in Q1", concludes the broker.


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