All Contact lenses articles – Page 3
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News briefs
Menicon overseas sales up 35 percent in H1
Menicon has reported an 11.8 percent year-on-year increase in half year sales to 54,129 million Japanese yen (€373 m). Vision care sales, which represent more than 90 percent of the group’s revenue, were up by 10.9 percent versus 2021. As in previous quarters, the sales’ momentum was driven by the ...
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News briefs
Bausch + Lomb cuts guidance on currency headwinds, manufacturing ramp-up delay
Bausch + Lomb cut its guidance for full year adjusted Ebitda and revenues, after the negative impact of foreign exchange rates took its toll on third quarter results. The company now forecasts full year revenues of $3.70-$3.75 billion against previous guidance of $3.75-$3.80 billion, although it still anticipates organic growth ...
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News briefsCalifornia pile-up not on freeway but in eye
An ophthalmologist in California has removed a stack disposable contacts, 23 lenses thick, from the eye of a woman about 70 years old, The Guardian reports. Dr. Katerina Kurteeva had an assistant record the procedure with a mobile phone and later posted the footage on Instagram, where it went viral. ...
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ArticleJohnson & Johnson Q3 contact lens sales inch up 3.0% as class action litigation settled
Johnson & Johnson saw sales of contact lenses in the third quarter increased by a reported 3.0 percent on the year earlier to $908 million, with a rise at constant-currency rates of 10.8 percent. Growth was driven by a market recovery, price actions and new products like Acuvue Oasys Multifocal ...
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News briefs
Johnson & Johnson CL sales up 11% in Q2
Johnson & Johnson reported a 4.9 percent year-on-year increase in Q2 sales to $1,241 million for its Vision business unit, which includes both contact lenses and surgery activities. In constant currencies, revenue went up by 10.9 percent versus Q2 2021. Sales of contact lenses rose by 2.9 percent in reported ...
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News briefs
Global soft contact lens market estimated at $9.5 billion
At the group’s investor presentation day earlier this week, CooperCompanies said that its CooperVision unit outpaced the global contact lens market growth in recent years, with annual sales increasing at an average annual rate of 6.4 percent since 2016. Based on independent research and management estimates, the company estimates the ...
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ArticleBausch + Lomb sees earnings squeezed in Q1, confirms FY sales guidance
Bausch + Lomb reported an adjusted Ebitda of $170 million in the first quarter of 2022, down from $198 million the year earlier, as growth in organic revenues was more than offset by foreign currency headwinds and the negative impact from new Covid-19 lockdowns in China. For the full year, ...
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ArticleCooperVision up 11% in Q2, to exit CL solutions’ segment
CooperCompanies has reported a 6 percent year-on-year revenue increase to $553.8 million for its CooperVision unit in the second quarter of the 2022 fiscal year. On a constant exchange rate and on an organic basis, sales were up by 11 percent and 12 percent, respectively, compared to 2021, decelerating slightly ...
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ArticleOrtho-k and overseas market keep driving Menicon
Menicon reported a 16.2 percent year-on-year growth in total revenue for its fiscal year ended March 31, with total net sales reaching 100.2 billion Japanese yen (€743m). The Vision Care division, which accounts for over 90 percent of group revenues, reported a double-digit sales increase, driven by a strong expansion ...
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News briefs
Alcon posts 14% contact lens sales gain in Q1
Alcon saw sales of contact lenses in the first quarter ended March 31 grow by 14 percent to $557 million in constant currency terms, as strength in silicone hydrogen (SiHy) lenses continued to underpin growth, including Precision 1 and Dailies Total 1 product families and Total 30. Revenues for the ...
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ArticleLentesplus raises $9m for development in LATAM
Lentesplus, a Bogota-based company specializing in online retail of contact lenses, raised $9 million last month in order to further expand its footprint in Latin America as well as to accelerate its transition to a vertically-integrated omnichannel business model and to develop its eyeglasses’ catalog. Founded seven years ago by ...
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ArticleRussian contact lenses market in turmoil
Russia experiences a temporary shortage of Johnson & Johnson’s Acuvue contact lenses due to panic buying and logistics disruptions, the Russian newspaper Kommersant reported, quoting optical retailers. The Russian retail chain Happy Look said that Acuvue accounted for 50 percent of the Russian contact lenses market, and from 70 to ...
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News briefs
Johnson & Johnson sees 6.2% rise in Q1 contact lens sales
Johnson & Johnson saw first quarter sales of contact lenses rise by a reported 6.2 percent to $910 million, reflecting a 10.6 percent rise at constant-currency rates and benefiting from the continued market recovery and strong performance of new products Acuvue Oasys Multifocal and Acuvue Define Fresh. Sales in the ...
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ArticleSales of contact lenses in Europe rebound slightly over 2019 level
Euromcontact, the European federation of national associations and international contact lens manufacturers, calculated that the market value for soft contact lenses at wholesale level increased by 14.3 percent year-on-year to €1,991 million last year in the 34 countries researched. The list includes mostly European countries but also the U.A.E., Egypt, ...
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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News briefs
Alcon raises guidance after strong Q2
Alcon’s Q2 sales of contact lenses increased by 57 percent year-on-year and in constant currencies, reaching $535 million. The increase, which also represents a 8.5 percent hike as compared to the same period in 2019, was driven by the strong recovery of the U.S. market. The company commented that the ...
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News briefs
Omisan Farmaceutici takes over Optosan Italia
Omisan Farmaceutici , an Italian manufacturer of eye care products and contact lenses’ solutions, has taken over Optosan Italia , a company specializing in the distribution and retailing of ophthalmic products with annual sales of more than €6.5 million, Wmido reports. The vertical integration of both entities has been ...
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News briefs
Menicon vision care sales up 17% in Q2
The Japanese contact lens maker Menicon reported a 21.8 percent year-on-year increase in total Q1 revenues to 24,085 Japanese yen (€185.9m-$217.9m). As compared to 2019, sales went up by 16.8 percent. Quarterly revenues in the Vision Care division, which refers to contact lenses and lens care products and represents ...
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News briefs
J & J contact lenses’ sales up 53.4% in Q2
Johnson Johnson reported a 56.7 percent year-on-year increase to $868 million in its global sales of contact lenses for the second quarter of the current financial year, or a 53.4 percent rebound in constant currencies. The strong growth was fueled by the Covid-19 market recovery, the launch ...
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ArticleMenicon plans 60% growth by 2025
Celebrating its 70 th anniversary this year, the contact lens specialist Menicon presented last month its midterm business plan and targets during the presentation of its annual financial results. The Japanese group, which said it fell short of realizing its 100 billion yen revenue target ...
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