All CooperVision articles – Page 2
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ArticleRecord revenue but lower margins for Cooper
CooperCompanies has reported mixed results for its last fiscal quarter of the year as well as for the full year. While the group’s revenue continued to grow at a double-digit pace year-on-year reaching record levels in both business units, CooperVision (CVI) and CooperSurgical, profit ratios declined significantly. CVI Q4 revenue ...
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News briefsCooperVision to make toric mutifocal contacts in the U.S.
CooperVision has added Biofinity toric multifocal contact lenses to the list of products it makes to order at its factory in Scottsville, New York. Within the next few months all lens six-packs destined for the U.S. and Canada will be turned out there, so as to cut out international shipping ...
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ArticleStrong stock price variations for eyewear companies in Q3
On a non-weighted average basis, stock prices of publicly listed companies in the eyewear sector went down by 1.3 percent in the quarter to September 30 in an apparent relative recovery from the 17 percent dive reported for the previous quarter. It compares slightly unfavorably with the global MSCI index, ...
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News briefsCooperVision MiSight recognized by German awards
CooperVision’s MiSight 1 day contact lenses have received a special mention for “Excellence in Business to Consumer” in the Medical and Health category at the 2022 German Innovation Awards. In CV’s press release Johannes Zupfer, the company’s general manager for Germany, Austria and Switzerland, describes the contacts as designed to ...
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News briefsCooperVision creates and fills business manager post for Asia-Pacific
CooperVision Specialty EyeCare has appointed Weiwen Chen to the new post of business manager for Asia-Pacific. She will be heading up company and category expansion everywhere in the region except China, which has its own team. Chen served most recently as a consultant on entry strategy for Asia to Visioneering ...
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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ArticleEyewear companies stocks down by 17% in Q2
Contrary to other sectors such as energy, aerospace, defense or agriculture, which saw their stock value increase significantly in the last few months, the eyewear industry was not among the beneficiaries from the move of global money away from investments in Big Tech companies. Indeed, the 23 eyewear public companies ...
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News briefs
CooperVision expands production and distribution capacity
In order to meet increasing demand, CooperVision has started construction works for the expansion and modernization of two of its main production and distribution sites in Scottsville and West Henrietta, New York, from where it dispatches over one billion contact lenses per year to customers around the world. The biggest ...
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News briefs
Encouraging results for Sightglass Vision’s myopia glasses
Interim data from the first 24 months of a CYPRESS clinical trial suggest that glasses with SightGlass Vision’s Diffusion Optics Technology reduce both axial length and cycloplegic SER progression in six- and seven-year-old children. A paper on the trial – titled “Two Year Effectiveness of a Novel Myopia Management Spectacle ...
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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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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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News briefs
CooperVision acquires EnsEyes
CooperVision has acquired EnsEyes, a brand of orthokeratology (ortho-k) and scleral contact lenses in Scandinavia. Terms remain undisclosed, but EnsEyes will henceforth operate within Cooper’s Specialty EyeCare group. Its founder, the optometrist and former CooperVision executive Esben Nørregaard Sørensen, will be staying with the company. Headquartered in Kolding, Denmark, EnsEyes ...
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News briefs
CooperVision to have a new head for the Americas in June
Alex Wilkes will be CooperVision’s president for the Americas, the company’s largest region, as of June 14. He is succeeding Jerry Warner, who has held the post since February. Wilkes is coming off a nearly 12-year stint at Luxottica, where he served as senior director of strategy and then vice ...
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News briefs
CooperVision launches new campaign for its myopia-control contacts
CooperVision has launched an online marketing campaign – what it calls a digital ecosystem – to recount the evolution of myopia in a group of children, aged eight to 12 years, who wear the company’s MiSight one-day contact lenses. Included are twin gymnasts, a hockey player and an ice skater ...
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ArticleMyopia management research updates presented at ARVO
Three recent studies by the three main players that have developed myopia management eyeglass lenses were presented at the Association for Research in Vision and Ophthalmology (ARVO) conference earlier this month. Hoya Vision Care has announced results from a six-year study of its MiYoSmart lens, which is based on the ...
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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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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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News briefs
Executive changes at Cooper and Essilux JV SightGlass
In connection with the freshly established joint venture between CooperCompanies and EssilorLuxottica, SightGlass Vision has made three executive appointments. First off, Andrew Sedgwick, until now CooperVision’s senior vice president of commercial strategy, is now CEO of SightGlass. He had been with CooperVision for about two decades, serving also as president ...
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News briefs
Essilux and CooperVision finalize SightGlass Vision JV
A year after the initial announcement of their partnership, EssilorLuxottica and CooperVision have confirmed the finalization of their joint venture agreement for the development of SightGlass Vision, a new lens in the myopia management segment. During its last results’ presentation, CooperVision said that the two partners were still discussing the ...
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News briefs
CooperVision’s daily contacts are net plastic neutral
Now that its MyDay daily line has made the transition, the full range of CooperVision’s silicone hydrogel one-day contact lenses is net plastic neutral in the U.S. The Clariti one-day range made an earlier transition. According to CooperVision, the year-old project has so far kept about 22 million bottles’ worth ...
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