All Financial results articles – Page 31
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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 ...
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Article
National Vision finds growth potential in a pandemic economy
National Vision, the U.S.-based optical retailer behind the America’s Best and Eyeglass World banners, registered a second consecutive quarter of double-digit increase in sales after big declines in the first half of the year due to the Covid-19 crisis impact. For its fourth quarter ended Jan. 2, the company booked ...
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Article
Bausch Health expands board after deal with activist shareholder
The Canadian healthcare company Bausch Health will expand its board of directors to add two representatives of the activist investor Carl Icahn. With the two new appointments, the board will have 13 directors. Under the agreement, Brett Icahn and Steven Miller will be appointed to the board as new independent ...
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ArticleGrandVision revises down slightly its Q4 results
In the fourth quarter, GrandVision posted revenues of €981 million, down by 1.8 percent at actual currency rates and up by 1.0 percent at constant currency rates. Comparable sales growth was 0.7 percent. In its preliminary results, released on Jan. 22, the Dutch optical retailer had estimated comparable revenue growth ...
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ArticleTOG sales down 9 percent in spite of improved product mix
The Thai Optical Group (TOG) posted overall revenues of 1,850 million baht (€50.9m-$61.5m) for its financial year ended Dec. 31, down by 9 percent from the previous year. Sales of lenses and services to external customers decreased by 8 percent year-on-year to THB 1,838 million (€50.5m-$61.2m), with sales of standard ...
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ArticleContact lenses drove Alcon recovery in Q4
Alcon reported a 2 percent year-on-year increase in total revenues to $1,925 million for the fourth quarter of its 2020 financial year, marking a return to positive growth figures after two consecutive negative quarters. In constant currencies, total sales increased by 1 percent. Sales in the vision care business unit, ...
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ArticleMemberships and international sales up at Menicon
Menicon, the Japanese contact lens specialist, posted last week stable revenues of JPY63.4 billion (€496.3m-$599.8m) for the first three quarters of its current fiscal year, a 0.1 percent increase only from the previous year. Sales of contact lenses and care products went down by 2.5 percent year-on-year to ¥28.9 billion ...
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ArticleKering Eyewear’s sales recover in H2
In 2020, Kering Eyewear posted sales of €487.1 million, down by 17.6 percent on a comparable basis. After being hard hit by Covid-19 related lockdowns in the first half, particularly in travel retail, revenues recovered in the second half, when the decline narrowed to 8.6 percent. After excluding €88 million ...
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News briefs
Carl Zeiss Meditec revenues back to pre-Covid levels in Q1
Carl Zeiss Meditec’s revenues for the first quarter of its 2020/21 financial year reached €368.9 million, down by 0.2 percent year-on-year in reported terms but up by 2.6 percent after adjustment of currency effects. The overall topline recovery was fueled by the good performance of the Ophthalmic Devices’ business unit ...
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Article
Sales of J&J contact lenses down 5.3% in Q4
Johnson & Johnson’s global sales of contact lenses fell by 4.4 percent year-on-year in the fourth quarter to $796 million. At constant currency rates, the decline widened to 5.3 percent as sales continued to be impacted by the Covid-19 pandemic. Lower levels of stocking in the U.S. also weighted on ...
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News briefsInspecs’ 2020 sales fall to $46.2m
Inspecs ended 2020 with revenues of $46.2 million, down from $61.2 million a year earlier despite two acquisitions. The performance was in line with the company’s expectations in a year when the Covid-19 pandemic and Brexit affected demand. The British eyewear company bought the assets of The Norville Group on ...
