All Financial results articles – Page 12
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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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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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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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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. ...
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ArticleZEISS Consumer Markets segment up 5% in H1
ZEISS Group has announced that its revenue rose by 10 percent year-on-year to €5,304 million for the first half of the fiscal year ended on March 31, 2024, slowing down from the 15 percent growth reported for the last fiscal year. The group stressed that it could maintain a double-digit ...
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News briefs
Alcon Q1 contact lens sales rise 9%
Alcon generated sales of contact lenses of $671 million in the first quarter of 2024, up by a reported nine percent compared to the year earlier, as the company highlighted price increases and product innovation, including in its toric and multifocal modalities. These factors were partially offset by currency headwinds, ...
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News briefs
iVision Tech sales rise 10% in Q1
Italian eyewear supplier iVision Tech generated sales of €2.44 million in the first quarter of 2024, up by 9.9 percent compared to the year earlier, while the total value of production grew by 22.9 percent to €3.23 million. First-quarter Ebitda grew by 10.4 percent to €0.51 million. Net financial debt ...
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News briefs
TOG aims for double-digit revenue growth and entry into new markets in 2024
Thai Optical Group has reported a 23 percent year-on-year increase in revenue to 889 million Thai Baht (€22.4m) for the first quarter of 2024. The topline momentum was driven by the Americas (+41 percent) and the Asia-Pacific (+37 percent) regions while Europe was flattish (+1 percent) and Australia/New Zealand slightly ...
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ArticleHoya reports 3% lenses revenue growth in Q4, expects flattish sales in 2024 following cyberattack
Hoya Corporation has announced a 13 percent year-on-year increase in health care sales – a division including eyeglass lenses and contact lenses – to 103 billion Japanese yen (€608.8m) in the last quarter of its fiscal 2023 year ended on March 31, 2024. Eliminating the effect of strong currency tailwinds ...
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ArticleWarby Parker raises guidance after sales jump 16% in Q1
Warby Parker raised its full year earnings and sales guidance after posting a strong showing in the first quarter of 2024, with revenues during the period jumping by 16.3 percent to $200.0 million and topping guidance for 13.7-14.6 percent growth. “Over the last couple of years, in spite of challenging ...
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ArticleNational Vision accelerates remote eye exams following tepid Q1 comparable sales growth
U.S. optical retailer National Vision said that revenues from continuing operations in the first quarter of 2024 increased by 4.2 percent compared to the year earlier to reach $542.5 million. Comparable store sales growth was 1.4 percent and adjusted comparable sales growth just 0.4 percent, driven by growth in its ...
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News briefs
Vuzix losses stabilize in Q2 despite 50 percent revenue drop
Smart eyewear manufacturer Vuzix has reported a 52.2 percent year-on-year decrease in total revenue for Q1 2024, mostly due to a drop in product sales and in particular the company’s M400 smart glasses. However, sharp reductions in R&D investments, marketing and administrative expenses resulted in the stabilization of the group’s ...
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News briefsRecord sales and positive net income during Q1 at Kits
First-quarter revenues attained a record $34.8 million at Kits Eyecare, rising 26 percent from the $27.7 million of Q1 2023. The Canadian firm ascribes the rise to “strong repeat customer revenue in both contact lens and eyeglasses, higher average order value and a growth in repeat eyeglass customers.” Gross profit ...
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ArticleMarcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023
Marcolin has announced mixed results for the first quarter of 2024, delivering higher profitability despite declining revenue. Total Q1 sales went down by 4.4 percent year-on-year to €145.6 million. On a constant currency basis, they declined by 3.8 percent. The group underscored that, on a like-for-like brands portfolio basis, the ...
