1021 GMT - EssilorLuxottica remains on a strong track after a solid first half, Equita SIM's Domenico Ghilotti says. The Franco-Italian eyewear group reported a robust performance in core business sales, despite weakness in its professional solutions division and a more limited contribution from smartglasses, the analyst writes in a research note. The company also provided indications on profitability that were more positive than expected, he adds. EssilorLuxottica's investment case has changed from extra revenue growth and margin dilution to more moderate growth but with greater operating leverage, Ghilotti says. Equita SIM confirms its buy recommendation on the stock. Shares are down 1% at 157.95 euros.
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