All Financial results articles – Page 29
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News briefs
Partial sales recovery for Fedon
Fedon has announced a 11.6 percent year-on-year increase in total sales to €23.4 million for the first semester 2021, however still much lower than the €32.7 million reported for the same period in 2019. By segment, sales to eyewear companies, which represent over 80 percent of the company’s business, went ...
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ArticleMister Spex earmarks IPO cash for growth as H1 sales rise 25%
German-based omnichannel retailer Mister Spex has reported a 25 percent rise in first-half revenue to €101 million and said it was earmarking at least half of its IPO raising to fund growth. First-half sales in Germany rose 26 percent to €71m, while internationally they were up 24 percent to €29.3m. ...
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ArticleBrand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
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News briefs
Blackfin tops 2019 sales' level
Blackfin told us that the company would reach €12 million in annual revenues, up €1 million from the pre-pandemic 2019 level. The sales’ increase was driven by the domestic market and by the Northern European markets which account for about 80 percent exports. The company also said that a reduction ...
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News briefs
Nirvan Javan to double production this year
The Zurich-based brand Nirvan Javan, by the name of the designer who founded the company, has been growing fast since its creation in 2015. According to company officials met at the recent DaTE trade show, the company is expecting to double its production from 15,000 pairs of glasses last year ...
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ArticleInspecs eyes new buys as H1 profits, revenue surge
British eyewear designer and lens manufacturer Inspecs is on the hunt for new acquisitions after a surge in interim revenue and core earnings driven by the first full contribution from its German Eschenbach division. Revenues soared to $125.7 million for the six months to June 30, up from $16.7m a ...
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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ArticleKits sales up 21%, ramps up eyeglass business
Kits Eyecare, a Canadian-based online retailer of contact lenses, eyeglasses and sunglasses that went public at the start of this year, reported a 21 percent year-on-year increase in H1 revenues to $42.1 million. On a constant currency basis, total sales went up by 28 percent as compared to the same ...
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News briefs
Paris Miki Q1 sales up y-o-y but still below pre-Covid levels
Paris Miki Holdings, the Japanese-based optical retailer, reported Q1 revenues of 10,376 million Japanese yen (€79.6m-$94.3m), representing a 28.5 percent increase from the same quarter in the previous year. However, the company’s topline has not returned to pre-Covid level as it reported ¥12,252 million (€93.9m-$111.3m) in Q1 2019. On a ...
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News briefs
TOG recovery driven by the U.S.
The Thai Optical Group more than doubled its Q2 revenues as compared to Q2 2020, reaching 596 million baht (€15.6m-$18.4m), as its business was very heavily impacted by the Covid-19 pandemic in the same quarter last year. However, the quarterly sale performance also marks a 27 percent increase from Q2 ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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ArticleFielmann sees Q2 sales surge, confirms FY outlook
Fielmann saw external sales in its second quarter, ended June 30, rise by 56 percent to €474.9 million and group sales jump 60 percent to €407.7 million. The retail group enjoyed growth in all major markets thanks to the ongoing rollout of its omnichannel platform, an economic recovery fueled by ...
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News briefs
Alcon raises guidance after strong Q2
Alcon’s Q2 sales of contact lenses increased by 57 percent year-on-year and in constant currencies, reaching $535 million. The increase, which also represents a 8.5 percent hike as compared to the same period in 2019, was driven by the strong recovery of the U.S. market. The company commented that the ...
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News briefs
Menicon vision care sales up 17% in Q2
The Japanese contact lens maker Menicon reported a 21.8 percent year-on-year increase in total Q1 revenues to 24,085 Japanese yen (€185.9m-$217.9m). As compared to 2019, sales went up by 16.8 percent. Quarterly revenues in the Vision Care division, which refers to contact lenses and lens care products and represents 95 ...
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News briefs
National Vision to top $2 bn in annual revenues
National Vision, the U.S. optical retail group operating the entry-level segment of the market with its America’s Best and Eyeglass World banners, has upgraded its 2021 outlook again following a strong Q2. Quarterly revenues more than doubled to $549.5 million as compared to the same quarter in 2020, also representing ...
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News briefs
Carl Zeiss Meditec revenues and margins up double-digit
Carl Zeiss Meditec reported revenues of €1,198 million for the first nine months of its 2020/21 financial year, growing by 23.8 percent year-on-year in reported terms and by 27.6 percent in constant currencies. As compared with the 2018/19 fiscal year, 9-month revenues were up by 16.6 percent. The growth was ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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News briefs
Bausch + Lomb Q2 sales up 33%
Bausch Health reported a year-on-year increase of 38 percent to $934 million in quarterly revenues for its Bausch + Lomb (B + L) unit. In constant currencies, B + L Q2 sales grew by 33 percent from the same period in 2020. The unit’s revenue growth was driven by the ...
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ArticleSafilo accelerates in Q2
Safilo Group confirmed its recovery during the presentation of its Q2 results that showed an acceleration in the company’s sales growth from the previous quarter, driven by the U.S. and China, Smith, its prescription eyewear business and e-commerce. The Italian company also significantly increased its operating profitability thanks to the ...
