All Financial results articles – Page 12
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News briefs
Mitsui vision care sales remained firm
Mitsui Chemicals has reported that its sales of ophthalmic lens materials remained healthy in the first quarter of its 2022 fiscal year but that the segment’s profitability was negatively impacted by the increase of raw materials’ prices. The Japanese group does not disclose more details on the segment, which is ...
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News briefs
Topcon Eye Care unit up 23% in Q1
Topcon sales of eye care equipment jumped by 23 percent year-on-year to 14,051 million yen in Q1 2022 in reported terms, an all-time high, while the division’s operating profit margin almost doubled to 4.0 percent in the period. The company highlighted the continuous expansion of its sales to optical retail ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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ArticleSun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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ArticleEssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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News briefs
LVMH fashion & leather goods unit up 31% in H1
Revenues of LVMH’s fashion and leather goods’ division jumped by 31 percent year-on-year to €18.2 billion for the first half of 2022. On an organic basis, sales were up by 24 percent. Louis Vuitton, Christian Dior, Fendi, Celine, Loro Piana and Loewe were said to perform particularly well. The group ...
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News briefs
JINS downgrades FY outlook, recapitalizes U.S. branch
JINS Holdings has revised its full year 2022 outlook downwards and now expects total sales to reach 66.9 billion Japanese yen (€481m), down by 6.0 percent compared to the initial forecast but still 4.7 percent higher than revenues reported for 2021. The group mentioned a slower-than-expected sales recovery both in ...
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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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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
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ArticleFielmann’s Q2 sales rise 8%, profits squeezed
The Fielmann Group reported external sales of €505 million in the second quarter of 2022, an eight percent increase compared to the year earlier, despite a drag on its top line performance from the prolonged Covid-19 pandemic and as consumer confidence increasingly takes a hit from high inflation and rising ...
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ArticleFast-growing Inspecs boosts manufacturing base
The Inspecs group has reported a four-fold increase in annual revenues to $246.5 million for 2021 from $47.4 million in 2020, as the topline was boosted by its multiple acquisitions in the last year and a half. In particular, the business of Eschenbach, which was taken over in December 2020, ...
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ArticleAfflelou Q3 growth driven by COVID recovery, DOS and hearing aids
The Afflelou group has reported a strong increase in network sales for the third quarter of its current fiscal year, thanks mostly to a strong performance in the French-based retailer’s domestic market while the activity in Spain was more subdued (see chart). Afflelou Group- Q3 Network Sales - ...
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ArticleParis Miki to invest €50m in 3-year turnaround plan
Paris Miki revenues inched up to 44.1 billion Japanese yen (€308m) in its fiscal year ended in March 2022, a 0.5 percent increase compared to the previous year. It is only the second time in the last decade that the retailer saw its sales go up year-on-year as the group’s ...
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ArticleItalia Independent plans cash call, restructuring after losses widen in 2021
The Italia Independent Group announced plans to seek fresh capital from shareholders and carry out a restructuring after losses in 2021 jumped to €24.0 million from €2.8 million the year earlier. Losses for the year came after €18.1 million in writedowns and provisions compared to €2.0 million in 2020. Italia ...
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ArticleArts Optical up 55% in 2021, back in the black
Hong Kong-based eyewear manufacturer Arts Optical has reported a 55 percent year-on-year increase in annual revenues to 1,1152 million Hong Kong dollars (€140 m) in 2021, mainly driven by the rebound in global demand for eyewear products following the easing of COVID-19 restrictions. The company topped its 2019 sales total ...
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ArticleHigher demand for high-index lenses drives Mitsui vision care unit
Mitsui Chemicals has reported a 14.4 percent year-on-year increase in revenue to 165 billion Japanese yen (€1.2 bn) last year for its Health Care business unit, which includes lens materials and coatings but also nonwoven products and dental materials. The division accounted for roughly ten percent of total revenues. 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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Article
Sales and profits’ rebound at Topcon eye care unit
Topcon has reported record-high revenues and profits for 2021 at group level, reaching total sales of 176.4 billion Japanese yen (€1.2 bn), up 28.5 percent year-on-year, and more than doubling its operating income to ¥15.9 billion (€110.5 m). Net sales in the eye care business unit grew at roughly the ...
