All Financial results articles – Page 13
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ArticleMixed Q1 results for Mister Spex as sales of prescription glasses decline slightly
Mister Spex revenue inched up by 2.0 percent year-on-year to €51.1 million for the first quarter of 2024, decelerating strongly from Q4 2024 when it grew by 7.4 percent. The mid-single digit growth in Germany was insufficient to fully offset a sharp drop in international sales (see table below). ...
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ArticleSafilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline
As anticipated by the company’s management in previous announcements, Safilo Group has posted lackluster results for the first quarter of 2024 with revenue declining by 3.5 percent year-on-year to €277.2 million. At constant rates, the topline was down by 1.7 percent marking a trend reversal from Q4 2023 when it ...
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ArticleCarl Zeiss Meditec revenue and margins down in H1
Carl Zeiss Meditec has announced a 2.8 percent year-on-year decline in H1 revenue to €974.5 million, which translates to a 0.7 percent reduction at constant currency rates. While sales in the Microsurgery business unit increased by 9.1 percent at constant rates to €246.5 million versus H1 2022/23, revenue from the ...
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News briefs
Bausch + Lomb Q1 contact lens sales rise 2%
Bausch + Lomb generated contact lens sales of $230 million in the first quarter of 2024, up by a reported two percent compared to the year earlier and six percent higher at constant currency rates, with growth led by sales of daily silicone hydrogen contact lenses. First-quarter sales for Bausch ...
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ArticleRevenues up 5 % at Optic 2000 Group
Optic 200 Group – which comprises Optic 2000, Lissac, Audio 2000, Gadol and Optic Swiss Services – has posted revenues of €1.292 billion, up 5 percent year-on-year. The group says that its sales growth outstripped that of the combined French markets for optical and hearing aids in 2023 and that ...
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ArticleFielmann banks on US business and vision care services for mid-term growth
The final annual results for fiscal 2023 released yesterday by Fielmann Group confirm all preliminary results announced in February, notably the double-digit increase in external sales and consolidated sales versus 2022 and a significant rebound in profitability (see table below). Please refer to our previous report for more details on ...
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ArticleFielmann sales up double digit in Q1 as US business integration offset European slowdown
Along with its complete annual results for fiscal 2023, on which we will report in a separate article, Fielmann Group has announced a 10.8 percent year-on-year increase in Q1 consolidated sales to €529.1 million. Ebitda margin for the quarter remained stable versus Q1 2023, at 21.7 percent. ...
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News briefs
Brillen.de owner announces Q1 results
In what seems to be a premiere, SuperVista, the German group behind the brillen.de and STEINER-Vision retail brands, has announced quarterly financial results. The company said that its revenue reached €37.5 million for the first quarter of 2024, with an Ebitda margin of 14 percent, up by one percentage point ...
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ArticleKering Eyewear stands out with 8% Q1 revenue hike as group topline slips
As in the last quarter of 2023, Kering Eyewear was the only business unit of French luxury group Kering that reported a revenue increase in Q1 2024 as reported sales of optical frames and sunglasses rose by 7 percent year-on-year to €463 million. On a comparable currency basis, Kering ...
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ArticleUS sun business sole exception to EssilorLuxottica’s smooth sailing in Q1
EssilorLuxottica remained on a smooth sailing trajectory in the start of 2024 as the group reported a 3.0 percent year-on-year increase in Q1 revenue to €6,335 million. At constant rates, sales progressed by 5.5 percent versus 2022, decelerating slightly from Q4 2023 (+7.1 percent) but remaining in line with the ...
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ArticleInspecs posts flattish 2023 sales after Q4 drop, but profit ratios improved
UK-based Inspecs Group has reported a 1.2 percent increase in annual revenue to £203.3 million (€237.4m) for fiscal 2023, corresponding to a topline flat performance at constant exchange rates, after the company’s business slowed down sharply in the last months of the year. However, the company managed to report significant ...
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News briefs
Johnson & Johnson Q1 contact lens sales fall 5%
Johnson & Johnson reported contact sales lenses of $910 million in the first quarter of 2024, down by a reported 4.6 percent compared to the year earlier and 2.3 percent lower at constant currency rates. The sales dip was driven by US stocking dynamics and economic pressures in the Asia ...
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ArticleVuzix losses pile up as AR smart glasses take-off takes its time
After a last-minute postponement at the end of March of its annual results presentation, smart eyewear manufacturer Vuzix reported earlier this week a severe drop in Q4 revenue and a significant increase in losses for fiscal 2023. While the management stressed that investments in manufacturing and product development have led ...
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News briefs
Jins slightly downgrades outlook on expected China slowdown in H2
Japanese-based retail group Jins has reported a 13.4 percent year-on-year increase in Q2 sales to 19,852 million Japanese yen (€121m), strongly accelerating from the previous quarter. Sales in Japan grew by 12.1 percent to ¥15,453 million (€94m) while they were up by 18.1 percent overseas. The strong momentum on the ...
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ArticleiVision Tech enter lens business as 2023 parent company sales rise 19%
The Italian eyewear group iVision Tech announced it was entering the lens sector with the acquisition of a 60 percent stake in Bulgarian lens producer IVILENS OOD for €280,000, as it continues on the acquisition path following the purchase of the French high-end eyewear manufacturer Henry Jullien in September. Stefano ...
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ArticleSales and profit up double digits for Conant Optical in 2023
Chinese lens manufacturer Conant Optical has reported a 12.7 percent year-on-year increase in annual revenue to RMB 1,760 million (€226m) for fiscal 2023, slightly accelerating from its performance in H1. Although the growth in the first half of the year was almost entirely due to price-mix improvements, an uptick in ...
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ArticleProduct mix drives growth and profitability gains for Mister Spex as customer base stagnates
Mister Spex ended fiscal 2023 on a positive note as total Q4 revenue increased by 7.4 percent year-on-year to €46.7 million, significantly accelerating from the 2.4 percent growth reported for the previous quarter. Reflecting the company’s strategic focus on its domestic market since the end of 2022, the quarterly revenue ...
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News briefsMarcolin preliminary annual results show slight revenue hike, margin improvements
Marcolin revenue inched up by 2.0 percent year-on-year to €558 million in 2023, the group announced in a preliminary communication ahead of its shareholder meeting at the end of next week. Based on previously released figures for the first nine months of the year, we understand that sales in Q4 ...
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ArticleRetail expansion, price hikes and inbound tourism boosted JEH top and bottom lines in fiscal 2024
Japan Eyewear Holdings (JEH), the company behind the Kaneko Optical and 999.9 brands, has reported a 22.2 percent year-on-year increase in revenue to 2,623 million Japanese yen (€16.0m) for the last quarter of its fiscal year ended last Jan. 31. Although this marked a deceleration from the 33.6 percent growth ...
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ArticleAfflelou maintains mid-single digit topline growth in Q2, gained market shares in 2023
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales for the second quarter of its 2024 fiscal year ended Jan. 31, in line with the growth pace reported in the previous quarter. Quarterly sales rose to €231.1 million driven by Afflelou’s two key countries, France and ...
