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HEALTHCARE: EssilorLuxottica (EFFP: A2 pos/A): 5.1% Stake In Nikon

HEALTHCARE
  • Essilor has reported a 5.1% stake in Nikon the Japanese camera & lens maker
  • Nikon’s market cap is EUR 3.54bn with net cash making EV of EUR 3.4bn
  • EFFP in comparison has EV of EUR 106bn and EBITDA around EUR 6.7bn
  • We will wait for further communication from the company about the plans for the stake
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  • Essilor has reported a 5.1% stake in Nikon the Japanese camera & lens maker
  • Nikon’s market cap is EUR 3.54bn with net cash making EV of EUR 3.4bn
  • EFFP in comparison has EV of EUR 106bn and EBITDA around EUR 6.7bn
  • We will wait for further communication from the company about the plans for the stake