All Article articles – Page 188
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Essilor Posts An 18% Ebit Margin
The operating profit margin (Ebit) should get close to 17.5 percent for the full year, says the management of Essilor International, predicting increases of 10 percent in sales and pre-tax earnings. In the first half ended June 30, the company reached an Ebit margin of 18.0 percent, up from 17.7 ...
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Satis Vacuum's Parent Company Plans To Acquire Loh
Schweiter Technologies, which bought Satis Vacuum at the end of 1980's ago from Rudolf Suter (see article on him further below), has signed a letter of intent to acquire the German-based Loh Group. With Satis Vacuum controlling about 60 percent of the world market for lens coating machinery and Loh ...
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Marcolin Starts Making Profits Agains
Marcolin Group's pre-tax profit rose to €6.2 million during the first six months of 2004, as compared to the break-even results posted for the same period last year, while turnover rose by 15.5 percent to €97.6 million. As previously reported, the Italian group's sales would have risen by 18 percent ...
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Company-owned Brands Drive Arts Optical's Growth
These brands ? notably Stepper, Cindy and Sakura ? still comprise only a small portion of the Hong Kong-based company's overall sales, but their revenues increased by 53 percent to HK$23.6 million (€2.5m-$3m) for the six months ended June 30. Europe accounted for 46 percent of this turnover, as compared ...
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Suter Raises Capacity For His Axxess Molds
MoldSolutions, a recently established Swiss company, is raising from 300 to 900 units the daily production rate of its Axxess molds for the production of spectacle lenses, adding two production lines in response to high demand from lens casters for an OEM product that holds out a claim to the ...
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Boots Gets Out Of Lasik
Boots has decided to close its laser eye correction, dentistry, chiropody and laser hair removal businesses as part of its ongoing strategy to concentrate on Boots The Chemists. The group said that, despite improvements in productivity, these businesses had been deemed unlikely to generate acceptable revenues and profits. The ...
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Shamir Buys Cambridge Optical
Acting through its Frankfurt-based European distribution subsidiary, Altra Optics, Shamir Optical Industry of Israel has acquired JMH Holdings, the British group that owns Cambridge Optical, reinforcing its position in the Northern European market. Cambridge, which specializes in glazing, surfacing and manufacturing lenses, launched the Harrods Luxury Eyewear line four years ...
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De Rigo Posts Higher Earnings And Changes D&A's Management
Andrew Ferguson, who has been commercial director of Dollond & Aitchison since 1997, has been promoted as CEO of the British optical retail chain, replacing Russell Hardy who has left after eight years at the head of the company, owned by De Rigo. Both executives had previously worked in the ...
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Way Cleared For Luxottica's Takeover Of Cole National
The US Federal Trade Commission has given an unconditional approval of Cole National's merger into Luxottica Group's bulging North American retail division, meaning that the Italian group will not have to divest any of the LensCrafters or Sunglass Hut stores that it operates in the USA. The deal is ...
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Coopervision Improves Margins And Market Shares
The Cooper Companies, which is in line to complete the acquisition of Ocular Sciences on Nov. 1, budgets total revenues of $387-390 million for CooperVision (CVI) during the present fiscal year ending on Oct. 31, thanks to continued strong worldwide growth for specialty contact lenses. For the 3rd quarter ...
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Nigura, Europe Lead Moulin Sales Gain
Fresh off its failed bid for Cole National, and reportedly hoping to conclude a different deal in the retail business within the next three months, Moulin International announced that sales for the six months ended June 30 increased by 13.7 percent to HK$685.7 million (€71.5m-$87.9m). The revenue increase was attributed ...
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Spy Goes Public
Spy Optic is filing a public offering to raise an indicated $20.7 million which would be used to repay loans of $300,000 and for general corporate purposes. In particular, the company wants to expand its distribution in the USA outside its home base in California, a state which accounted for ...
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Net Loss Shrinks At Swank, Margin Too
Swank's turnover declined by 3.5 percent to HK$98.7 million (€10.3m-$12.7m) for the six months ended June 30, but the net loss narrowed to HK$1.8 million (€188,000-$231,000) as against HK$9.8 million in the year-ago period. A small decrease in orders resulted in low capacity utilization, causing a lower gross margin of ...
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Randazzo Acquires Ottica Romani For €11 Million
Angelo Randazzo's victory in the latest auction for the 31 outlets of the bankrupt Italian retail chain, which took place last Aug. 9, raises top 90 the number of stores operated by the Sicilian-based optical retail group, making it the second-largest factor in the Italian market after Salmoiraghi & Viganò, ...
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Type 20 Should Turn Around
Type 20, the 3-year-old Italian company that owns the Briko brand and sells some products under the Arnette brand in certain countries, is reaping the fruits of major interesting changes in brand strategy and organization implemented since the end of last year. With orders up considerably, Paola Del Vecchio, who ...
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Essilor's Sales Growth Accelerates
On a comparable basis, Essilor's sales increased in the 2nd quarter ended June 30 by 4.9 percent in Europe, by 6.2 percent in North America, by 11.9 percent in the Asia-Pacific region and by 16.7 percent in Latin America. Excluding the German market, European sales would have risen by ...
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Cooper Acquires Ocular Sciences
CooperVision becomes the world's third-largest contact lens company, with 2004 revenues projected at $730 million, through the acquisition of Ocular Sciences. CVI's parent, The Cooper Companies, has agreed to pay about $1.2 billion, half in cash and half in shares, to take over Ocular at a price of $44.00 a ...
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Oakley Could'nt Take Full Advantage Of New Sunglass Styles
Oakley's net income declined to $15,963,000 in the 2nd quarter from $18,232,000 in the year-ago period on 5.2 percent higher revenues of $152.0 million. Production problems related to the unavailability of certain components, which were subsequently resolved, prevented the company from delivering in time some new sunglass styles, such as ...
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Alain Afflelou Plans Further Expansion
Continuing its strong expansion, the largest franchisor of optical retail shops in France intends to open 100 new stores across the country over the next 5 years. Alain Affelou is also expanding its network in Spain. After its acquisition of 68 former Carrefour optical stores in Spain through its financial ...
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Luxottica Improves Its Forecast After A Good Second Quarter
Luxottica's management has raised its guidance for the financial results of this year following a very good 2nd quarter. Barring any major changes in currency exchange rates, earnings per share should rise to between €63 and €65 for the year. The operating margin (Ebit) of the wholesale division should grow ...
