All Financial results articles – Page 22
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ArticleMarcolin confirms sales momentum, margins’ consolidation in Q3
The Marcolin group has confirmed in the third quarter the positive revenue trend observed since the start of the year, with Q3 sales increasing by 24.3 percent year-on-year to €126 million in reported terms. For the first nine months of the year, the company’s topline has reached €410 million up ...
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ArticleSafilo maintains growth pace, except in the U.S., improves margins
The Safilo Group has reported a 14.9 percent year-on-year revenue increase to €260.4 million for the third quarter of the current fiscal year, as a 5.6 percent rise in organic sales was further boosted by favorable currency effects linked to the strong U.S. dollar. Organic sales include the group’s proprietary ...
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News briefs
Bausch + Lomb cuts guidance on currency headwinds, manufacturing ramp-up delay
Bausch + Lomb cut its guidance for full year adjusted Ebitda and revenues, after the negative impact of foreign exchange rates took its toll on third quarter results. The company now forecasts full year revenues of $3.70-$3.75 billion against previous guidance of $3.75-$3.80 billion, although it still anticipates organic growth ...
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ArticleFielmann sticks to long-term plan as headwinds pressure sales and profits
According to preliminary figures released yesterday ahead of its third quarter report slated for next week, Fielmann has reported flat year-on-year sales and a significant drop in profit ratios. The German-based group explained that it was facing particularly strong macroeconomic headwinds, particularly in its domestic market where consumer sentiment stands ...
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News briefs
Topcon eye care business still driven by U.S. and Europe retail chains
Japanese equipment maker Topcon has reported a 25 percent year-on-year jump in revenue to 31.5 billion Japanese yen (€218 m) for its eye care division for the first half of the year. The group said that the sales increase was again driven by the U.S. and European markets, in spite ...
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ArticleHOYA posts 10% lenses’ revenue hike in Q2, launches private label CLs
HOYA CORPORATION has reported another record quarter in terms of both revenues and profit as strong currency headwinds and a solid performance in its Life Care business more than offset negative results in its IT division. The Japanese group reported a 19.9 percent year-on-year increase in sales for Life Care ...
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ArticleEssilorLuxottica revenue up 8.2 % in Q3
EssilorLuxottica reported revenue of €6,394 million in Q2 2022, up by 17.0 percent from the same period last year. On a comparable basis, both in terms of business scope and currency, the topline was up by 8.2 percent marking a slight acceleration from the 7.0 percent growth posted in Q2. ...
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ArticleKering Eyewear well on track for €1 bn annual revenue mark
Kering Eyewear again overperformed in growth terms during Q3 2022 as compared to its parent company, French luxury group Kering. The eyewear division posted a 23 percent year-on-year comparable growth in the quarter versus 14 percent for the whole group. This also marks an acceleration in revenue growth as eyewear ...
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ArticleJohnson & Johnson Q3 contact lens sales inch up 3.0% as class action litigation settled
Johnson & Johnson saw sales of contact lenses in the third quarter increased by a reported 3.0 percent on the year earlier to $908 million, with a rise at constant-currency rates of 10.8 percent. Growth was driven by a market recovery, price actions and new products like Acuvue Oasys Multifocal ...
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ArticleMixed results for JINS
Japan-based retailer JINS Holdings has posted mixed results for the last quarter of its fiscal year 08/22. Sales were up by 5.1 percent year-on-year to 17 billion Japanese yen (€116m) but the same quarter in the previous year had been particularly low, with revenue down 12 percent versus 08/20, due ...
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News briefsPit Viper bold marketing pays off
According to a recent article in the Wall Street Journal, Pit Viper, the Salt Lake City-based brand of sport sunglasses is planning to expand its product range, so far limited to 11 models, by adding seven new styles. The company is also reportedly looking to expand its business in the ...
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ArticleArts Optical grows 12%, driven by wholesale and lenses
Eyewear manufacturer Arts Optical has reported a 12 percent year-on-year increase in total sales to HK$580 million (€74 m) for the first half of 2022. As shown in the table below, the distribution unit and the new lens unit largely outperformed the main OEM division, which accounts for over 70 ...
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ArticleChallenging market conditions lead Mister Spex to downgrade outlook
Mister Spex has reported mixed results for the second quarter and the first half of 2022 as, despite a growth acceleration in Q2 and the start of Q3, sales levels remained well below expectations and led the omnichannel retailer to downgrade its forecast for the year and to adjust its ...
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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News briefs
Paris Miki back in the black in Q1
Japanese-based retail group Paris Miki has reported a 10.9 percent year-on-year increase in Q1 revenue to 11.5 billion Japanese yen (€83m). The overall growth was driven by the Japanese market where company sales rose by 11.9 percent versus Q1 2021, totalling ¥10.3 billion (€74m), with comparable store sales up by ...
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News briefsQ2 revenues and profit up at Thai Optical
Total revenues at Thai Optical Group (TOG) amounted to 720 million Thai baht (€19.8m) for the second quarter, for a year-on-year increase of 21 percent. Net profit was THB 109 million (€2.99m), up by 26 percent. (First-quarter net profit had declined year-on-year, from €2.6m to €2.1m.) For the first half ...
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News briefs
Menicon vision care sales up double-digit in Q1
Menicon has posted a 10.6 percent year-on-year increase in vision care sales to 25.1 billion Japanese yen (€181m) for the first quarter of its 2022/23 fiscal year. Sales in Japan, which account for close to 75 percent of total revenues, rose by 4.5 percent. Overseas markets once again overperformed, with ...
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News briefs
Conant Optical sales and profits up double-digit in H1
Conant Optical, the Chinese manufacturer of resin lenses that went public last year, has reported a 15.2 percent year-on-year increase in revenue to RMB 746.6 million (€108m) for the first six months of 2022. In volume, the group sold a total of 77.2 million lenses, up by 21.8 percent from ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
