All Financial results articles – Page 11
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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ArticleDespite a slight slowdown in Q3, Kering Eyewear remains a bright spot for the group
Reporting a 4 percent increase in Q3 sales, Kering Eyewear again largely outperformed the whole Kering group, whose topline double-digit decline further accelerated.
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleJINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
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News briefs
Johnson & Johnson Q3 CL sales rise 5% as US outperforms
Johnson & Johnson posted $968 million in contact lens sales in the third quarter, up by a reported 4.2 percent compared to the year earlier and 4.7 percent higher at constant currency rates. Contact lens sales jumped by 10.2 percent in the US to $441 million, while in foreign markets ...
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News briefs
iVision Tech H1 sales rise 23% despite results adjustment
Italian eyewear supplier iVision Tech said it posted sales of €5.4 million in the first half of 2024, up by about 23 percent from the €4.4 million reported the year earlier, while the total value of production grew to €6.9 million from €4.9 million. First-half Ebitda amounted to €1.0 million, ...
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ArticleHakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
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ArticlePrice reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
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ArticleJapanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
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ArticleInspecs topline down 5% in H1, rebound expected in H2
Confirming its previous guidance on a business slowdown in the first half of this year, INSPECS Group has announced that its H1 revenue declined by 7.3 percent year-on-year to £103.0 million (€122m). At constant exchange rates, sales were down by 5.2 percent versus H1 2023. Inspecs attributed the sales drop ...
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ArticleSpecsavers profitability keeps declining
Specsavers has seen its profitability decline again in fiscal 2023/24, with its operating margin sliding below the 10 percent mark for the second consecutive year.
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ArticleConant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
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ArticleUS business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
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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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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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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
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.
