All Financial results articles – Page 32
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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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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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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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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 ...
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ArticleSales recovery and record profits for Hoya in Q3
The results of Hoya Corporation for its third quarter, ended Dec. 31, showed that the Japanese group was pursuing its recovery from the negative impact of Covid-19, with stable revenues and a double-digit year-on-year increase in profits. Top line figures for the Health Care division were back in the black ...
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ArticleSafilo’s Q4 sales rise driven by North America, Asia-Pacific
Safilo’s fourth-quarter revenues rose by 3.0 percent at constant exchange rates thanks to strong gains in North America and Asia-Pacific, while European sales were hit by Covid-19-related lockdowns and a lack of tourists. On a reported basis, however, the company’s sales were down by 2.1 percent to €225.6 million. During ...
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ArticleGrandVision maintains positive comparable sales growth in Q4
GrandVision enjoyed an 0.8 percent year-over-year increase in comparable revenues in the fourth quarter, in line with the performance posted in the previous three months, thanks to its core European markets. But on a reported basis, the top line declined by 1.7 percent as the group suffered from the resurgence ...
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ArticleItalia Independent sees 2024 sales reaching €42 million
Italia Independent expects to post sales of €42 million in 2024 and return to a net profit in 2023. The new forecasts push back the group’s return to profit by a couple of years. In the business plan to 2024 approved by the board, the loss-making Italian eyewear company expects ...
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News briefs
MPG 2020 sales increase by 6%
Michael Pachleitner Group (MPG), the diversified Austrian-based optical group based in Graz, increased sales by 6 percent in 2020 and met its forecast budget. No further details were available. Top line growth was underpinned by the increase of the company’s product range with the launch of personal protective equipment and ...
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ArticleFielmann’s full-year sales slip to €1,425 million
In 2020, Fielmann’s consolidated sales slipped to €1,425 million from €1,520.7 million, while external sales, which include value-added tax and inventory changes, totalled €1,625 million, down from €1,764.6 million a year earlier. The pre-tax profit will reach nearly €170 million, down from €253.8 million in 2019, according to preliminary data ...
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News briefs
Carl Zeiss Meditec warns that Covid will continue hit results
Carl Zeiss Meditec posted revenues of €1,336 million in the fiscal year ended in September, down by 8.5 percent year-over-year on a reported basis and by 8.7 percent when adjusted for currency effects. The performance of the German medical technology company was affected by the Covid-19 pandemic. It warned that ...
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ArticleCVI gains market share in contact lenses
CooperVision (CVI) saw a 1 percent year-on-year drop in sales to $506.3 million in the fourth quarter of CooperCompanies’ financial year, which ended on Oct. 31. At constant currency rates, the division’s top line fell by 3 percent. Nevertheless, the company claims to have gained market share in contact lenses. ...
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ArticleAlcon’s vision care sales flat in Q3
In the third quarter of 2020, Alcon’s vision care division, which includes the contact lens and ocular health businesses, posted net sales of $822 million, unchanged from a year earlier at current and constant currency rates. The company said that strong performances by Precision1, its newest daily silicone hydrogel (SiHy) ...
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ArticleFielmann warns that Covid second wave may affect full-year guidance
Fielmann confirmed its updated full-year guidance but warned that the introduction of restrictive measures in most of its markets to tackle the resurgence of the Covid-19 pandemic could prompt it to review its forecasts. The company currently anticipates external sales, which include value-added tax, to exceed €1.6 billion, but to ...
