All Financial results articles – Page 24
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ArticleFast-growing Inspecs boosts manufacturing base
The Inspecs group has reported a four-fold increase in annual revenues to $246.5 million for 2021 from $47.4 million in 2020, as the topline was boosted by its multiple acquisitions in the last year and a half. In particular, the business of Eschenbach, which was taken over in December 2020, ...
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ArticleAfflelou Q3 growth driven by COVID recovery, DOS and hearing aids
The Afflelou group has reported a strong increase in network sales for the third quarter of its current fiscal year, thanks mostly to a strong performance in the French-based retailer’s domestic market while the activity in Spain was more subdued (see chart). Afflelou Group- Q3 Network Sales - ...
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ArticleParis Miki to invest €50m in 3-year turnaround plan
Paris Miki revenues inched up to 44.1 billion Japanese yen (€308m) in its fiscal year ended in March 2022, a 0.5 percent increase compared to the previous year. It is only the second time in the last decade that the retailer saw its sales go up year-on-year as the group’s ...
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ArticleItalia Independent plans cash call, restructuring after losses widen in 2021
The Italia Independent Group announced plans to seek fresh capital from shareholders and carry out a restructuring after losses in 2021 jumped to €24.0 million from €2.8 million the year earlier. Losses for the year came after €18.1 million in writedowns and provisions compared to €2.0 million in 2020. Italia ...
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ArticleArts Optical up 55% in 2021, back in the black
Hong Kong-based eyewear manufacturer Arts Optical has reported a 55 percent year-on-year increase in annual revenues to 1,1152 million Hong Kong dollars (€140 m) in 2021, mainly driven by the rebound in global demand for eyewear products following the easing of COVID-19 restrictions. The company topped its 2019 sales total ...
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ArticleHigher demand for high-index lenses drives Mitsui vision care unit
Mitsui Chemicals has reported a 14.4 percent year-on-year increase in revenue to 165 billion Japanese yen (€1.2 bn) last year for its Health Care business unit, which includes lens materials and coatings but also nonwoven products and dental materials. The division accounted for roughly ten percent of total revenues. The ...
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ArticleBausch + Lomb sees earnings squeezed in Q1, confirms FY sales guidance
Bausch + Lomb reported an adjusted Ebitda of $170 million in the first quarter of 2022, down from $198 million the year earlier, as growth in organic revenues was more than offset by foreign currency headwinds and the negative impact from new Covid-19 lockdowns in China. For the full year, ...
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Article
Sales and profits’ rebound at Topcon eye care unit
Topcon has reported record-high revenues and profits for 2021 at group level, reaching total sales of 176.4 billion Japanese yen (€1.2 bn), up 28.5 percent year-on-year, and more than doubling its operating income to ¥15.9 billion (€110.5 m). Net sales in the eye care business unit grew at roughly the ...
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ArticleCooperVision up 11% in Q2, to exit CL solutions’ segment
CooperCompanies has reported a 6 percent year-on-year revenue increase to $553.8 million for its CooperVision unit in the second quarter of the 2022 fiscal year. On a constant exchange rate and on an organic basis, sales were up by 11 percent and 12 percent, respectively, compared to 2021, decelerating slightly ...
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ArticleConsumer markets up by 9% in H1 at ZEISS
The ZEISS Group has reported a 13 percent year-on-year increase to €770 million in Consumer Markets revenue for the first half of its 2021/22 fiscal year. In constant currencies, sales grew by 9 percent compared to H1 in the previous year. The German-based group does not disclose specific figures for ...
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News briefs
Revenue boost and €9m investment for Visottica in 2021
The Visottica Group has announced revenue of €86 million for 2021, up by 46 percent compared to 2020 following the consolidation into its account of the acquired businesses of Ooki, Matrix and Eurodecori. Rinaldo Montalban, president of the group, said that the strong growth allowed the business to recover the ...
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ArticleWarby Parker confirms FY outlook after Q1 sales take Omicron hit
Warby Parker confirmed its outlook for financial year 2022 after the onset of the Omicron variant negatively impacted revenues for the first quarter ended March 31. Quarterly sales increased by 10.3 percent to $153.2 million but would have been an estimated $15.0 million higher without the negative impact of the ...
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News briefs
Higher gross profits limit Q1 loss at KITS
Revenues at KITS dipped by 1.9 percent to 20.052 million Canadian dollars for the first quarter of 2022, but gross margin increased from 24.0 to 30.5 percent, thanks to a 10.2 percent drop in cost of sales. As a result, the recently established Canadian online eyewear specialist was able to ...
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ArticleOrtho-k and overseas market keep driving Menicon
Menicon reported a 16.2 percent year-on-year growth in total revenue for its fiscal year ended March 31, with total net sales reaching 100.2 billion Japanese yen (€743m). The Vision Care division, which accounts for over 90 percent of group revenues, reported a double-digit sales increase, driven by a strong expansion ...
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News briefs
Sales up, profits down for Q1 at TOG
Revenues were up but profits down year-on-year for the first quarter at Thai Optical Group (TOG). Specifically, revenues went from 607 to 662 million Thai baht (€18.8m to €18.3) and profits from THB 96 to THB 76 (€2.6m to €2.1m). The company attributes much of the sales increase to economic ...
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ArticleNational Vision outlook down, prices up as inflation bites
National Vision, the U.S. optical retail group addressing the entry-level segment of the market with its America’s Best and Eyeglass World chain, has downgraded its outlook for the 2022 fiscal year and increased its prices following a decline in both Q1 revenue and income. Quarterly net revenue decreased by 1.2 ...
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News briefs
Carl Zeiss Meditec slowed down by supply chain hiccups
Carl Zeiss Meditec reported revenues of €855.4 million for the first six months of its 2021/22 financial year, up by 11.5 percent in reported terms and by 10.7 percent in constant currencies from H1 2020/21. The Ophthalmic Devices division posted sales of €651.9 million, up by 9.7 percent year-on-year at ...
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ArticleMister Spex Q1 sales up 6% despite flat prescription eyewear business
Mister Spex has announced a 6 percent year-on-year increase in revenue for the first quarter of 2022 to €47 million in spite of a strong comparison basis in the previous year and depressed consumer sentiment due to inflation. However, the quarterly revenue growth dropped down from the 13 percent growth ...
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News briefs
Alcon posts 14% contact lens sales gain in Q1
Alcon saw sales of contact lenses in the first quarter ended March 31 grow by 14 percent to $557 million in constant currency terms, as strength in silicone hydrogen (SiHy) lenses continued to underpin growth, including Precision 1 and Dailies Total 1 product families and Total 30. Revenues for the ...
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ArticleSynsam maintains growth pace, ramps up Swedish factory
The Synsam Group has reported a 14.7 percent year-on-year sales increase for its first quarter in 2022, with total revenues reaching 1,186 million Swedish crowns (€111.8m). The retailer’s performance was in line with the 14.0 percent growth reported for the previous quarter. Q1 2022 sales were up by 12 percent ...
