All Financial results articles – Page 31
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ArticleU.S., Smith and e-commerce drove Safilo’s growth in Q1
Safilo reported a 13.7 percent year-on-year increase in Q1 revenues to €251.4 million, or 20.0 percent in constant currencies, largely driven by its American business, the newly acquired e-commerce businesses and the good performance of Smith Optics. Significant improvements were also reported in the Italian group’s core ...
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ArticleCarl Zeiss Meditec sees Covid-19 impact fading
Providing more details on its H1 2020/21 performance after an initial announcement at the end of April, Carl Zeiss Meditec confirmed a 7.3 percent year-on-year hike in total revenues to €767.4 million. On a constant currency basis, sales increased by 10.5 percent. The growth in revenues was driven by the ...
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ArticleMarcolin sales down 30% in 2020
Severely impacted by the Covid-19 pandemic, the Marcolin Group reported a 30.1 percent year-on-year dive to €340 million in revenues for its financial year 2020, representing a 28.3 drop in constant currencies. The group does not communicate sales by product categories but the strong focus of its portfolio on sunglasses ...
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ArticleBausch gears up to spin off B+L
As part of its quarterly results’ announcements, Bausch Health said that it was accelerating the preparations for the spin-off of its Bausch + Lomb business. Having just completed its financial segmentation of the unit, the company said it expects to be ready for the operation in Q3 2021. The process ...
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News briefs
Alcon posts flat CL sales in Q1
Alcon’s sales of contact lenses were roughly stable in Q1 2021 as compared to the same quarter in 2019, reaching $509 million, representing an increase of 1 percent in reported terms and a 1 percent decrease on a constant currency basis. The positive effect of the launch of the new ...
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ArticleInternational sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the health ...
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ArticleInternationalization fueled Fielmann Q1 sales' growth
Fielmann Group reported a 9.2 percent year-on-year increase in external sales including VAT and changes in inventories to €444.9 million, a revenue level also higher than in Q1 2019. The increase was mostly attributable to the integration of the recently acquired Óptica & Audiologia Universitaria business in Spain. However, the ...
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Article
Inspecs reports 5 % hike in Q1 revenues
Eyewear designer Inspecs reported a rise in like-for-like first quarter revenues despite the Covid-19 pandemic’s impact on operations. The frame maker and distributor posted revenues of $67 million for the three months to March 31, up 5 percent on a comparable basis year on year, according to a company spokesperson.The ...
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ArticleStrong rebound for Kering Eyewear in Q1
Kering Eyewear revenues strongly rebounded in the first quarter of the current financial year, after having declined by 8.6 percent in the second half of 2020. Total revenues in the Corporate & Other segment of the French luxury group, which accounts for 96 percent of Kering Eyewear ...
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ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued cost ...
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News briefs
J & J contact lenses sales’ recovery driven by the U.S.
Johnson & Johnson reported a 5.3 percent year-on-year increase to $857 million in its global sales of contact lenses for the first quarter of the current financial year, or a 3.5 percent hike in constant currencies. The return to growth was fueled by the market recovery, the launch of new ...
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News briefs
Strong rebound for Carl Zeiss Meditec
Carl Zeiss Meditec announced that its H1 revenues increased by 7.3 percent year-on-year to €767.4 million, or by 10.5 percent in constant currencies. The growth was particularly strong in the second quarter where comparable sales jumped by 18.8 percent as compared to the same quarter in the previous year. Thanks ...
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Article
Fedon sales down 34% last year
In a difficult year marked by the Covid-19 pandemic, Fedon, the Italian specialist in eyewear cases and leather goods, reported a sharp decrease in revenues but managed to keep positive EBITDA figures. Total sales of the Italian group fell by 34 percent year-on-year to 42.3 million euros in 2020, a ...
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Article
French retail heavyweights slightly raised market share in 2020
In the last couple of weeks, the Krys Group, Optic 2000 and Afflelou, three of the main retail players in France totaling more than 3,000 stores and an aggregated market share estimated at between 35 and 40 percent, reported drops in revenues varying from 8.5 percent to 10 percent for ...
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Article
Italia Independent core eyewear sales up 18% in 2020
The Italia Independent Group delivered positive results for 2020, in line with the group´s turnaround plan that calls a return to net profit by 2023. In reported terms, total sales increased by 46.1 percent year-on-year to €11.3 million and the group’s EBITDA almost reached the break-even point. The 46 percent ...
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Article
New Look Vision Group sales up 25% in Q4
After having posted a 17 percent increase in revenues in Q3, the Canadian optical retailer New Look Vision Group accelerated its recovery in the last quarter of the 2020 financial year, reporting overall revenues of 92.4 million Canadian dollars, a 25 percent hike from the previous year. The growth was ...
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ArticleNovacel extends Leica footprint, increases French market share
The French-based lens maker Novacel almost put a final touch to its European distribution network for the German licensed brand Leica Eyecare, with the implementation of a network of regional distributors in Italy. Leica lenses are now available throughout Europe except for Denmark, Norway, Slovenia, Serbia, Bosnia-Herzegovina, ...
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ArticleEssilorLuxottica returns to growth
EssilorLuxottica is on a recovery path after a difficult second quarter, when revenues were nearly halved amid Covid-19 lockdowns. Sales in the fourth quarter were up by 1.7 percent in constant currencies. For the second half of the year, revenues gained 0.3 percent from the year-ago period to €8,199 million, ...
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ArticleSafilo confirms H2 recovery, keeps streamlining
Publishing its final results for its fourth quarter and complete 2020 financial year yesterday, Safilo announced that it remained focused on its transition and the implementation of its group business plan after a difficult and contrasting year in a Covid-19 market environment. The group managed to end 2020 with a ...
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Article
CVI returns to growth in Q1, except for EMEA
CooperVision (CVI), the contact lenses’ division of Cooper Companies, started the 2021 fiscal year on a positive note with a return to growth after two consecutive quarters of declining sales. Total CVI quarterly revenues increased by 4 percent year-on-year to $507 million in reported terms, and by 1 percent in ...
