All Financial results articles – Page 11
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ArticleSun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
Eyewear manufacturer Sun Hing Vision has reported 702 million Hong Kong dollars (€83m) in group revenue for its financial year ended March 31, 2024, almost stable compared to the previous year. As was the case in fiscal 2023, the group’s topline was dragged down by declining sales from its OEM ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
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ArticleKering Eyewear outperforms group in both revenue growth and profitability in H1
Kering Eyewear sales in Q2 2024 grew by 3.4 percent year-on-year to €451 million, slowing down from the 6.9 percent growth rate reported for the first quarter of the year. For the first six months of 2024, the eyewear unit of French luxury group Kering reported a 6.0 percent uptick ...
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News briefs
Johnson & Johnson sees 2% contact lens sales drop in Q2
Johnson & Johnson reported contact lens sales totaling $918 million in the second quarter of 2024, down by a reported 2.2 percent compared to the year earlier but 0.7 percent higher at constant currency rates. Sales growth on a constant-currency basis was driven by the continued strong performance of the ...
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ArticleFielmann posts double-digit sales increase and higher profit ratios in H1
On the morning of its annual general meeting on July 11, Fielmann Group has reported strong preliminary results for the first half of the current fiscal year. External sales increased by 12 percent year-on-year to €1.1 billion in H1 2024, confirming the double-digit growth already reported for Q1. International ...
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News briefs
Fielmann Group upgrades outlook as Shopko Optical acquisition is completed
Fielmann Group has upgraded its outlook for the ongoing financial year following the closure of Shopko Optical’s acquisition on July 1. The investment in the Wisconsin-based retail chain, which operates a network of 140 stores for annual sales estimated at over $100 million, was first announced last month. The German ...
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ArticleDouble-digit growth puts Specsavers above the £4 bn annual revenue mark
Publishing its annual business review for its fiscal year ended Feb. 29, 2024, Specsavers has reported group revenue of £4.01 billion, up by 10.3 percent year-on-year at constant exchange rates. This marks a strong improvement from the previous fiscal year when sales were up by 5.6 percent. The performance also ...
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ArticleAfflelou sales up 5 percent in Q3
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales to €229.4 million for the third quarter of its current fiscal year, ended April 30, in line with its growth pace in the previous quarter. For the first nine months of the financial year, sales were up ...
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News briefs
Tourists and retail expansion keep JEH on fast growth track
JEH Holdings, the Japanese-based group operating the Kaneko Optical and 999.9 retail chains, has reported a 32.3 percent year-on-year increase in revenue to 3,861 million Japanese yen (€22.7m) for the quarter ended April 30, 2024. Quarterly sales from both banners also grew by over 32 percent. On a same-store basis, ...
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News briefs
Carl Zeiss Meditec downgrades FY2023/24 outlook
Eight months in its 2023/24 year, Carl Zeiss Meditec has revised down its revenue and EBIT outlook for the full year due to soft order entry from the equipment business, particularly in North America, and lower consumable orders from its refractive surgery unit in China. Excluding the contribution from DORC, ...
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ArticleIncreased production capacity supports Menicon’s sales growth, weighs on profitability
Menicon has reported a 5.1 percent year-on-year increase in annual revenue to 106.9 billion Japanese yen (€633m) for its vision care division in the fiscal year ended March 31, 2024. The segment accounts for over 90 percent of total group revenue. Including the healthcare and life care unit, whose sales ...
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News briefs
Inspecs expects lower revenue and operating profit in H1 2024
Prior to its annual general meeting scheduled for later today, Inspecs Group announced that it was anticipating a decline in both revenue and Ebitda for the first six months of 2024. The company stressed that it had posted record results for H1 2023 as retail clients were refilling their inventories ...
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ArticleMitsui expects return to growth for vision care unit sales in FY 2024
Annual sales of Mitsui Chemicals’ Life & Healthcare Solutions unit, which includes the group’s vision care materials, nonwovens and agrochemicals businesses, increased by 13.5 percent year-on-year to 271.7 billion Japanese yen (€1.6bn) for fiscal 2023, ended on March 31. The division reported an operating margin of 11.0 percent for the ...
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ArticleCVI upgrades outlook again as increased capacity kicks in
CooperCompanies has upgraded again its full-year outlook after the solid performance of its CooperVision (CVI) unit in the second quarter of fiscal 2024 ended April 30. Quarterly sales of contact lenses increased by 8 percent year-on-year to $635.9 million. On a constant-currency basis, they were up by 10 percent, returning ...
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ArticleTopcon topline driven by “blossoming” Screening Business and currencies
Revenues from Topcon eye care business unit jumped by 19.3 percent year-on-year to 21.0 billion Japanese yen (€118m) in the last quarter of the group’s fiscal year ended March 31, 2024. The strong Q4 momentum enabled the division to post record revenue for the full year, as the topline reached ...
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ArticleArts Optical posts 5% annual revenue growth on OEM business rebound in H2
Arts Optical has reported a 4.5 percent year-on-year increase in revenue to 1,196 million Hong Kong dollars (€141m) for fiscal 2023, accelerating from the 2.4 percent growth reported for the first half of the year. The annual revenue hike was driven by the rebound in the group’s Original Design Manufacturing ...
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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 ...
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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 ...
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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 ...
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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. ...
