All Financial results articles – Page 18
-
News briefs
iVision Tech sees 36% sales boost in H1
Italian eyewear supplier iVisionTech generated sales of €4.4 million in the first half of 2023, up by 36.1 percent compared to the year earlier, while the total value of production grew by 2.0 percent to €4.9 million. iVisionTech, whose shares have been listed on the Euronext Growth Milan segment of ...
-
ArticleSlow H1 for Arts Optical as sales of OEM prescription glasses drop
Arts Optical, the Hong Kong-based eyewear manufacturer, has reported a 2.4 percent year-on-year decline in total revenue to 566.4 million Hong Kong dollars (€68m) for the first six months of 2023 as positive results in its distribution and lenses’ divisions could not completely offset a decline in OEM sales. Furthermore, ...
-
ArticleThe U.K. and North America drove INSPECS in H1
The Inspecs Group has reported a significant improvement in profitability for the first half year of 2023, mostly thanks to the substantial reduction of its lens unit’s losses, while group revenue progressed at a low mid-single digit pace in constant currencies. As previously announced, the company has changed its reporting ...
-
ArticleDriven by sunglasses, Mister Spex posts positive operating margin in H1
Mister Spex’ turnaround plan seems to be paying off as the German-based retail group reported a double-digit growth in revenue for the second quarter of 2023, market share gains in its domestic market and a return to a positive adjusted EBITDA for the first six months of the year. The ...
-
ArticleCooperVision accelerates in Q3, upgrades full-year forecast
CooperCompanies has reported an 11 percent year-on-year revenue increase to $630.2 million for its CooperVision (CVI) unit in Q3, marking the tenth consecutive double-digit quarterly progression and an acceleration from the previous quarter (+6 percent). Sales of contact lenses were up by 12 percent at constant exchange rates and by ...
-
News briefs
TOG invests in new automated RX production line
While presenting mixed results for the second quarter of 2023 earlier this month, Thai Optical Group has announced that it was building a state-of-the-art automated RX production line at Thai Optical Company Limited, one of its subsidiaries. The group expects the new facility to be operational by the end of ...
-
ArticleSpecsavers full-year results show profitability drop
According to Specsavers official accounts’ filing, the U.K.-based retail group’s profitability significantly declined in the twelve-month period ended Feb. 28 compared with the previous fiscal year. While consolidated revenue inched up by 1.1 percent to £3,436 million (€3,988 m) on a reported basis (the company reported last month a 5.6 ...
-
News briefs
Fielmann confirms strong half year, gives update on SVS Vision
Fielmann Group has reported finetuned figures for its half-year performance that broadly confirmed the solid results announced in July. H1 external sales were up by 13.6 percent year-on-year to €1.13 billion, driven by international markets (+21.5 percent) and e-commerce (+28.1 percent). Consolidated revenue increased at the same rate, reaching €971 ...
-
News briefs
Mitsui Q1 vision care material sales slightly down
Mitsui Chemicals has reported a 1.6 percent year-on-year decrease in Q1 revenue to 57.1 billion Japanese yen for its Life & Healthcare business unit, as price increases by the Japanese group could not completely offset a 4.5 percent decline in volumes. The large division includes vision care material but also ...
-
News briefs
Good Q1 for Paris Miki
Japanese-based retail group Paris Miki has reported a 4.5 percent year-on-year increase in Q1 revenue to 12.0 billion Japanese yen (€76 m) as both its domestic and overseas markets saw the impact of the COVID-19 pandemic fade. Sales in Japan, accounting for roughly 90 percent of the group’s total, were ...
-
ArticleSynsam posts another record quarter
Synsam Group has reported another quarter of double-digit revenue growth as sales for the quarter ended June 30 reached a record 1,566 million Swedish kronor (€132 m), up by 12.0 percent compared with Q2 2022. This however marks a deceleration from the previous quarter when they grew by 19.0 percent ...
-
News briefs
Conant up double-digit in H1, driven by Asia and price mix
Chinese lens manufacturer Conant Optical has reported an 11.3 percent year-on-year revenue increase to RMB 831 million (€105 m) for the first half of 2023. The growth was almost entirely driven by price mix improvements as the number of lenses shipped remained relatively stable at 86 million pieces. Sales of ...
-
ArticleMenicon Q1 vision care sales inch up 4%
Menicon’s vision care sales inched up by 3.7 percent to 25,087 million Japanese yen (€158.8m) in the first quarter of fiscal year 2023, underpinned by a strong performance in the Japan-based contact lens maker’s overseas markets. In the three months ended June 30, sales in Menicon’s domestic market rose by ...
-
ArticleWarby Parker sweetens outlook after Q2 sales rise 11%, store rollout continues
Warby Parker tweaked its guidance for sales upwards as it continues with the rollout of new physical stores and after revenues in the second quarter ended June 30 rose by 11 percent to $166.1 million to beat its guidance for the period of 7-9 percent growth. The U.S.-based direct-to-consumer eyewear ...
-
ArticleNational Vision raises 2023 earnings guidance as prepares for end of Walmart partnership
National Vision raised its earnings guidance for the full year while maintaining its outlook for sales, as the optical retailer’s management provided financial analysts with initial indications of how it intends to ride out the previously announced end next year of its long-standing partnership with the retailer Walmart. For the ...
-
News briefs
Alcon Q2 contact lens sales rise 10% amid continued SiHy lens growth, price increases
Alcon registered contact lens sales of $594 million in the second quarter ended June 30, up by 10 percent on a constant currency basis compared to the year earlier and led by continued growth in silicone hydrogel contact lenses, including the Precision1 and Total product families, and price increases across ...
-
News briefs
Ethos helps to boost Visottica’s top line 14%
The Italian eyewear component supplier Visottica generated revenues of €98 million in 2022, up by 14 percent compared to the year earlier and benefiting from the consolidation in financial results of Ethos, a company specialized in galvanizing in which Visottica acquired a 60 percent stake last year. The top line ...
-
News briefsRevenues up at Vuzix
Vuzix Corporation, the U.S. producer of smart glasses and augmented reality (AR) products, has posted its second-quarter results, with a rise in revenues of 56 percent year-on-year, 61 percent half-on-half and 12 percent quarter-on-quarter. Total sales for Q2 rose from $3.01 to $4.69 million. Overall gross profit for the quarter ...
-
News briefsRecord Q2 sales at KITS
KITS Eyecare’s second-quarter saw revenue up 38 percent from $21.8 million to a record $30.0 million. Gross margin was up 80 basis points, from 32.2 to 33.0 percent, and adjusted EBITDA up by $1.1 million, from a negative $0.6 to a positive $0.5 million. The company’s cash balance at the ...
-
News briefs
Strong sales but margins remain under pressure at Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 12.9 percent year-on-year growth in revenue at constant rates for the first nine months of this year, totaling €1,510 million. Sales of ophthalmology equipment reached €1,152 million, up by 11.8 percent compared with 2022, and the microsurgery unit also reported a double-digit hike. Geographically ...
