All Financial results articles – Page 20
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News briefs
Carl Zeiss Meditec adjusts profit outlook slightly down
Carl Zeiss Meditec Q2 revenues increased by 13.2 percent year-on-year to €504 million but the company’s operating profit (EBIT) for the period went down to €84 million, versus €103 million for Q2 2021. For the first half of the fiscal year, EBIT went down by 18.8 percent to €144 million. ...
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News briefs
Johnson & Johnson Q1 contact lens sales rise 4.7%
Johnson & Johnson generated contact lens sales of $953 million in the first quarter of 2023, up by a reported 4.7 percent compared to the year earlier and 9.3 percent higher at constant currency rates. The company attributed growth to the market, a continued strong performance in the Acuvue Oasys ...
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News briefsA good 2022 at Pro Optik
Pro Optik is reporting double-digit growth in profits and a positive balance sheet for full-year 2022. Sales rose by €9 million to reach €154 million, resulting in market share gains, and EBITA by 10 percent, both year-on-year. The company has declined to release its figures for EBITDA. Store count in ...
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ArticleArts Optical reports flat sales but higher profit ratios
Hong-Kong based eyewear manufacturer Arts Optical has reported flattish revenues, with total sales down by 0.7 percent year-on-year to 1,144 million Hong Kong dollars (€133 m) as progress in the distribution and lens units almost entirely offset declining sales from the key OEM division (see chart). Arts Optical ...
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ArticleMarcolin posts 13% topline growth and stable margins for 2022
Ahead of its shareholders’ meeting in April, the Marcolin group has released positive preliminary results for 2022 that confirmed the Italian group’s topline growth and stable profit ratios despite challenging market conditions. Total revenue went up by 20.1 percent year-on-year to €547 million in reported terms, translating into a 13.2 ...
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ArticleMister Spex counts on upmarket move and cost control to return to profits after mixed 2022
Announcing mixed full year results for 2022 earlier this week, including a relatively weak Q4 performance, Mister Spex stressed that it still gained market share last year in Germany, its core market. The company also underlined improvements in its product mix, with more lenses and high added-value frames, and the ...
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ArticleAfflelou driven by historical banner optical sales in Q2
The Afflelou Group has reported a 4.2 percent year-on-year increase in Q2 network sales to €224.9 million (see table), with a relative underperformance in its domestic market compared with international markets, due to declining hearing aids’ sales and a reduced retail footprint related to the phasing out of the Optical ...
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ArticleKRYS GROUP up 5 % in 2022, announces 2028 plan and targets
Having achieved its Vision 2025 plan targets – €1 billion in network sales and a 2.5-point market share gain – two years ahead schedule, the KRYS GROUP presented a new 5-year strategic plan at its general assembly last weekend. The retailer also communicated its financial results for the fiscal year ...
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ArticleKITS Eyecare up 11% last year, 29% in Q4
Canadian-based online retailer KITS Eyecare has reported $91.6 million in revenue for 2022, representing an 11.2 percent increase from the previous year. As shown in our table below, the company also reported substantial improvements in both gross and operating margins. Its bottom line however remained in the red for the ...
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ArticleSafilo targets 4% annual growth pace for 2023-2027
The Safilo Group has confirmed an 11.1 percent year-on-year revenue for 2022 to €1,077 million as already announced in January when the company released its preliminary results, in spite of a strong deceleration in the last quarter of the year. We are focusing in this article on new information provided ...
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News briefs
Vuzix reports weakeking sales and widening loss for 2022
Vuzix, the U.S.-based manufacturer of AR smart glasses for professionals, has announced a 10 percent year-on-year revenue drop to $11.8 million for 2022. Beyond the challenging macroeconomic environment and supply chain issues, the decrease was attributed to a reduction in overall unit sales, higher discounts to resellers and negative currency ...
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ArticleMyDay, myopia management keep driving CVI
CooperCompanies has reported a 4 percent year-on-year increase in revenue to $581 million for its CooperVision unit in the first quarter of its fiscal year. In organic terms, sales went up by 10 percent versus Q1 2022 with homogenous growth across all region. The sales’ momentum was driven by daily ...
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News briefs
Alcon sees 6% contact lens sales growth in Q4
Alcon reported sales contact lenses in the fourth quarter ended Dec. 31 of $530 million, reflecting constant currency growth of six percent but down by a reported one percent due to currency headwinds. Sales growth continued to be led by silicone hydrogel contact lenses, including the Precision1 and Total product ...
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ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
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ArticleWarby Parker sees more store openings, looks to improve profitability after mixed Q4
Warby Parker expects to open another 40 stores in 2023, while it also looks to improve profitability and grow its top line by another 8-10 percent despite continued economic uncertainty and a “depressed consumer environment”. In the three months ended Dec. 31, revenues at the U.S.-based direct-to-consumer (DTC) company increased ...
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ArticleUp 21% in 2022, TOG forecasts 5-8% growth this year
The Thai Optical Group posted a 21 percent year-on-year increase in revenue to 2,980 million Thai baht (€80 m) for 2022. The lens maker said that its sales rebound was mostly due to the easing of pandemic-related restrictions in most markets. All markets saw their revenue increase at double-digit pace. ...
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News briefs
Paris Miki up 5 % in Q3
Japanese retail group Paris Miki’s revenue increased by 4.9 percent year-on-year to 36.0 billion Japanese yen (€250m) in the third quarter of its 2023 year. For the first nine months, total sales were up by 7.0 percent versus 2022. Q3 revenue in Japan rose by 5.0 percent to ¥31.9 billion ...
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ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
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ArticleFielmann eyes new investments, cost-cutting as 2022 sales inch up and profits fall
Fielmann said it is looking to accelerate strategic investments and step up cost-cutting measures, after it reported that it had gained market share in all major markets in 2022 and seen a modest increase in sales but suffered on the profitability front. According to preliminary figures released yesterday, Germany-based Fielmann’s ...
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ArticleBausch + Lomb Q4 contact lens sales fall 4%, prepares to launch SiHy lenses in new markets
Bausch + Lomb reported fourth quarter sales of its contact lenses totaling $219 million, down by a reported 4 percent on the year earlier but reflecting 4 percent organic growth, as it announced plans to expand the sale of its successful Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
