All Financial results articles – Page 10
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ArticleCooperVision upgrades FY outlook again as topline momentum continues
CooperCompanies has upgraded its fiscal 2024 financial outlook for its CooperVision business unit following a second consecutive quarter of double-digit organic revenue growth.
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ArticleFast-growing Thai Optical Group to increase RX capacity by 25%
Lens manufacturer Thai Optical Group is planning significant investments in RX lenses production capacity increase as the segment revenue increased by 50 percent in H1 2024, driven by the Americas and Europe.
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News briefs
Inbound tourism and higher prices offset declining eyeglasses volumes in Q1 for Paris Miki
Paris Miki has reported a 5.8 percent uptick in revenue to 12.7 billion Japanese yen (€79m) for the first quarter of fiscal 2024-25 ended June 30, roughly in line with the previous quarter’s growth pace. Sales were up by 6.5 percent to ¥11.2 billion (€69m) in Japan, or by 6.3 ...
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ArticleSynsam posts record earnings in Q2
Nordics optical retail leader group Synsam has posted record earnings on a return to double-digit revenue growth for Q2 2024, driven by fast-growing eyeglasses and contact lenses’ subscriptions.
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News briefs
Alcon Q2 contact lens sales rise 7% amid product innovation, price increases
Alcon generated contact lens sales of $636 million in the second quarter ended June 30, up by a reported seven percent and nine percent higher at constant currency rates. The company attributed its growth to product innovation, including in its toric and multifocal models, and to price increases. Alcon’s vision ...
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ArticleMister Spex to close all international stores under new restructuring plan
Embattled German optical retailer Mister Spex is launching another restructuring plan which it expects will increase Ebitda by over €20 million in 2025 and 2026. The main measure calls for the immediate closure of all international shops.
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News briefs
Vuzix books $40 million loss in Q2
Smart glasses maker Vuzix has reported sales of $1.1 million in Q2 2024, down by 76.7 percent year-on-year. The company said that this was mostly due to reduced unit sales of its M400 glasses, of which an Asian distributor had placed a significant order in the previous year. ...
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News briefs
Topcon sales grow in Q1 on currency tailwinds
Japanese-based equipment maker Topcon has reported a 6 percent sales increase in Q1 2023-24, but the growth was fully attributable to currency effects. Operating profit margin dropped in the quarter on strong investments.
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Menicon Q1 sales up 8% driven by dailies and price hikes
Menicon has reported a 7.9 percent year-on-year sales hike to 30.1 billion Japanese yen (€186m) for its vision care business unit in the first quarter of its 2024-25 fiscal year ended June 30. The revenue growth was mostly driven by the company’s daily contact lenses portfolio in Japan whose sales ...
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News briefs
Mitsui vision care material volumes up in Q1
Mitsui Chemicals has reported sales of 67.5 billion Japanese yen (€417 million) for its Life & Healthcare unit in the first quarter of 2024-25, up by 18.2 percent year over year. The division’s operation profit margin for the quarter gained 0.7 percentage points versus Q1 2023-24, reaching 8.6 percent. ...
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ArticleWarby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red
Posting a double-digit sales growth and higher profit margins for Q2 2024, US direct-to-consumer optical retailer Warby Parker has once again upgraded its full year financial outlook but long-term profitability remains a challenge.
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ArticleNational Vision downgrades outlook after mixed Q2, announces stores fleet review and new president
Following lower-than-expected results for Q2 2024 and a downgrade of its full-year outlook, National Vision has announced a series of initiatives aimed at driving future profitable growth.
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ArticleKits Eyecare revenue up 26% in Q2
Canadian-based online optical retailer posts strong sales increase across all markets and categories for Q2 2024, driven by domestic sales and the eyeglasses segment.
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News briefs
Carl Zeiss Meditec revenue and margins down in Q3
Carl Zeiss Meditec’s revenue was slightly down and profitability dropped in the first nine months of 2023/24 on weaker sales of consumables and deteriorated price mix.
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ArticleHOYA temporarily puts life care unit topline recovery over bottom line target
Reporting its financial results for the first quarter of its 2024-25 fiscal year ended June 30, HOYA Corporation has announced that quarterly revenue for its life care business increased by 6.0 percent year-on-year to 135.0 billion Japanese yen (€870m). At constant currencies, the unit’s quarterly sales inched down by 2.0 ...
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News briefs
Visottica tops €100 million in annual sales
Eyewear components manufacturer Visottica Group’s annual revenue exceeded €100 million for the first time in the company’s history in 2023, boosted by several acquisitions in recent years.
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ArticleSafilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving
Safilo Group revenue decline continued in Q2 2024 as the slight improvement of the company’s business in North America was offset by a sharp deceleration in the European market. However, the group’s profitability improved from 2023 in the quarter and the half year.
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News briefs
Brillen.de owner reports 2.6 % sales hike in H1
SuperVista, owner of the brillen.de optical retail brand, reported slightly higher revenue and profitability improvements in H1 2024.
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News briefs
Bausch + Lomb contact lens sales up double digit in Q2
Bausch + Lomb upgrading its revenue outlook for 2024 after vision care and other divisions report strong revenue growth in Q2.
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ArticleMarcolin posts higher margin ratios on declining sales in H1
Despite declining sales in its two main markets – EMEA and North America – Marcolin has reported margin improvements thanks to a more luxury-oriented product mix and cost efficiencies.
