All Article articles – Page 19
-
ArticlePrice hikes and sunglasses drove Paris Miki’s growth in FY 03/2024
Paris Miki Holdings has reported group revenue of 12,003 million Japanese yen (€71m) for the last quarter of its financial year, ended on March 31, 2024, up by 5.3 percent year-on-year and accelerating from the 2.6 percent growth reported for Q3. Sales in Japan increased up by 4.2 percent to ...
-
ArticleDouble digit revenue growth and enhanced mix yielded higher profitability for De Rigo in 2023
De Rigo Group has broadly confirmed the preliminary results for 2023 shared with us at the Mido show in February (see our article) and added more details on regional and segment performances as well as on overall profitability. Total revenue increased by 11.8 percent year-on-year to €506.1 million ...
-
ArticleSynsam Group driven by Sweden and subscription plans in Q1
Synsam Group has reported a 7.8 percent year-on-year increase in Q1 revenue to 1,521 million Swedish crowns (€130.6m), in line with the growth pace reported for fiscal 2023. On an organic basis, sales in the first quarter of 2024 increased by 7.7 percent. Sales of Synsam Lifestyle subscription ...
-
ArticleStable revenue and margins for Rodenstock in 2023
Rodenstock Group has announced annual sales of €506.1 million for fiscal 2023, up by 0.2 percent compared with FY 2022. Profitability was also relatively stable with €122.3 million in adjusted Ebitda, a €0.3 million year-on-year increase. The company underscored that the performance was achieved despite continued inflationary headwinds. ...
-
ArticleZEISS Consumer Markets segment up 5% in H1
ZEISS Group has announced that its revenue rose by 10 percent year-on-year to €5,304 million for the first half of the fiscal year ended on March 31, 2024, slowing down from the 15 percent growth reported for the last fiscal year. The group stressed that it could maintain a double-digit ...
-
ArticleHoya reports 3% lenses revenue growth in Q4, expects flattish sales in 2024 following cyberattack
Hoya Corporation has announced a 13 percent year-on-year increase in health care sales – a division including eyeglass lenses and contact lenses – to 103 billion Japanese yen (€608.8m) in the last quarter of its fiscal 2023 year ended on March 31, 2024. Eliminating the effect of strong currency tailwinds ...
-
ArticleTopcon looks outside the core ophthalmic sector
Topcon Healthcare Inc. (THI) is developing something it calls Healthcare from the Eye, establishing for the purpose a partnership with Microsoft in February. The initiative steams from a strategy the Japanese firm laid out when releasing its figures for fiscal 2022, ended on March 31, 2023. As we then reported, ...
-
ArticleWarby Parker raises guidance after sales jump 16% in Q1
Warby Parker raised its full year earnings and sales guidance after posting a strong showing in the first quarter of 2024, with revenues during the period jumping by 16.3 percent to $200.0 million and topping guidance for 13.7-14.6 percent growth. “Over the last couple of years, in spite of challenging ...
-
ArticleNational Vision accelerates remote eye exams following tepid Q1 comparable sales growth
U.S. optical retailer National Vision said that revenues from continuing operations in the first quarter of 2024 increased by 4.2 percent compared to the year earlier to reach $542.5 million. Comparable store sales growth was 1.4 percent and adjusted comparable sales growth just 0.4 percent, driven by growth in its ...
-
ArticleMarcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023
Marcolin has announced mixed results for the first quarter of 2024, delivering higher profitability despite declining revenue. Total Q1 sales went down by 4.4 percent year-on-year to €145.6 million. On a constant currency basis, they declined by 3.8 percent. The group underscored that, on a like-for-like brands portfolio basis, the ...
-
ArticleMixed Q1 results for Mister Spex as sales of prescription glasses decline slightly
Mister Spex revenue inched up by 2.0 percent year-on-year to €51.1 million for the first quarter of 2024, decelerating strongly from Q4 2024 when it grew by 7.4 percent. The mid-single digit growth in Germany was insufficient to fully offset a sharp drop in international sales (see table below). ...
-
ArticleSafilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline
As anticipated by the company’s management in previous announcements, Safilo Group has posted lackluster results for the first quarter of 2024 with revenue declining by 3.5 percent year-on-year to €277.2 million. At constant rates, the topline was down by 1.7 percent marking a trend reversal from Q4 2023 when it ...
-
ArticleCarl Zeiss Meditec revenue and margins down in H1
Carl Zeiss Meditec has announced a 2.8 percent year-on-year decline in H1 revenue to €974.5 million, which translates to a 0.7 percent reduction at constant currency rates. While sales in the Microsurgery business unit increased by 9.1 percent at constant rates to €246.5 million versus H1 2022/23, revenue from the ...
-
ArticleThirteen eyewear frames received an IF DESIGN 2024 award
IF Design Foundation (IF), the German-based organization behind the international IF DESIGN AWARDS has released the list of award winners for 2024, ahead of the ceremony scheduled for April 29 in Berlin. The IF jury reviews designs submitted by companies across nine disciplines (product, packaging, communication, …) and 81 product ...
-
ArticleRevenues up 5 % at Optic 2000 Group
Optic 200 Group – which comprises Optic 2000, Lissac, Audio 2000, Gadol and Optic Swiss Services – has posted revenues of €1.292 billion, up 5 percent year-on-year. The group says that its sales growth outstripped that of the combined French markets for optical and hearing aids in 2023 and that ...
-
ArticleFielmann banks on US business and vision care services for mid-term growth
The final annual results for fiscal 2023 released yesterday by Fielmann Group confirm all preliminary results announced in February, notably the double-digit increase in external sales and consolidated sales versus 2022 and a significant rebound in profitability (see table below). Please refer to our previous report for more details on ...
-
ArticleFielmann sales up double digit in Q1 as US business integration offset European slowdown
Along with its complete annual results for fiscal 2023, on which we will report in a separate article, Fielmann Group has announced a 10.8 percent year-on-year increase in Q1 consolidated sales to €529.1 million. Ebitda margin for the quarter remained stable versus Q1 2023, at 21.7 percent. ...
-
ArticleHinge specialist OBE Präzision adds Vietnam to industrial base, invests in smart eyewear and 3D printing
On the heels of the group’s investment in Italy, where it acquired OMM, a supplier of metal components for high-end eyewear manufacturers, we sat down with Erik Schäfer, CEO of OBE Holdings, mother company of hinge specialist OBE Präzision. “As a supplier of key components to the eyewear industry, ...
-
ArticleNew owner for Nexeye retail group
Global investment firm KKR will become the new majority shareholder of Nexeye, the Dutch-based retail group operating the Hans Anders, Eyes + More and Direkt Optik chains, acquiring it from 3i, another investment fund that owned the company since 2017. The agreement is subject to regulatory approval, but it does ...
-
ArticleKering Eyewear stands out with 8% Q1 revenue hike as group topline slips
As in the last quarter of 2023, Kering Eyewear was the only business unit of French luxury group Kering that reported a revenue increase in Q1 2024 as reported sales of optical frames and sunglasses rose by 7 percent year-on-year to €463 million. On a comparable currency basis, Kering ...
