All Financial results articles – Page 4
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News briefs
Topcon upgrades outlook after solid H1
Japanese-based hardware manufacturer Topcon has upgraded its full-year outlook for its eye care business unit after sales went up by 9 percent year-on-year to 34.5 billion Japanese yen (€216m) in the first half of its 2023/24 fiscal year, thanks notably to stable investments in screening, optometry and diagnostic equipment by ...
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Inspecs maintains growth pace in Q3
INSPECS Group has announced a 4.6 percent year-on-year increase in revenue to £159.1 million (€182.3 m) for the first nine months of this year. At constant exchange rates, sales increased by 2.4 percent versus the same period in 2022, in line with the 2.3 percent hike announced earlier this year ...
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ArticleKering Eyewear fueled by Maui Jim in Q3 as comparable growth drops
Kering Eyewear was again the best-performing unit of Kering in the third quarter of this year, and the only one that posted a sales increase, as the French luxury group’s fashion brands were severely hit by the general slowdown in the global luxury market, particularly in Europe and North America. ...
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ArticleEssilux reports Q3 slowdown, opens new Thai mega plant
EssilorLuxottica has reported a 1.6 percent year-on-year decrease in Q3 revenue to €6,294 million as the relative weakness of its sun retail business spread beyond the North American market and Asia-Pacific provided a tougher comparison base in the period. In constant currencies, the group’s top line however increased by 5.2 ...
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ArticleJINS ends fiscal year on high note
Japanese-based retail group JINS has reported a 16.0 percent year-on-year increase in Q4 revenue to 19.7 billion Japanese yen (€125m), accelerating from the previous quarter when sales rose by 10.4 percent versus Q3 2022. The Q4 sales hike was driven by an 11.0 percent growth in domestic revenue to JPY ...
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Johnson & Johnson Q3 contact lens sales rise 4% despite decline in U.S.
Johnson & Johnson generated $928 million in contact lens sales in the third quarter of 2023, up by a reported 2.2 percent compared to the year earlier and 4.0 percent higher at constant currency rates. Growth was driven by the continued strong performance of the Acuvue Oasys 1-Day family of ...
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ArticleHakim Group doubled footprint in the last two years
The just-released financial results of Hakim Group show that the U.K. group of independent opticians has more than doubled its annual revenues and almost doubled its retail footprint between 2020 and 2022. The group has significantly accelerated the implementation of its strategy in the U.K. and Ireland since its refinancing ...
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Jimei up 14% in H1
Jimei New Material, the Shenzhen-based manufacturer of acetate sheets, has reported a 13.8 percent year-on-year increase in revenue to RMB 121.2 million (€15.7 m) for the first half of 2023. The company attributed the solid sales increase to a favorable market for acetate glasses and its marketing efforts. In its ...
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iVision Tech sees 36% sales boost in H1
Italian eyewear supplier iVisionTech generated sales of €4.4 million in the first half of 2023, up by 36.1 percent compared to the year earlier, while the total value of production grew by 2.0 percent to €4.9 million. iVisionTech, whose shares have been listed on the Euronext Growth Milan segment of ...
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ArticleSlow H1 for Arts Optical as sales of OEM prescription glasses drop
Arts Optical, the Hong Kong-based eyewear manufacturer, has reported a 2.4 percent year-on-year decline in total revenue to 566.4 million Hong Kong dollars (€68m) for the first six months of 2023 as positive results in its distribution and lenses’ divisions could not completely offset a decline in OEM sales. Furthermore, ...
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ArticleThe U.K. and North America drove INSPECS in H1
The Inspecs Group has reported a significant improvement in profitability for the first half year of 2023, mostly thanks to the substantial reduction of its lens unit’s losses, while group revenue progressed at a low mid-single digit pace in constant currencies. As previously announced, the company has changed its reporting ...
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ArticleDriven by sunglasses, Mister Spex posts positive operating margin in H1
Mister Spex’ turnaround plan seems to be paying off as the German-based retail group reported a double-digit growth in revenue for the second quarter of 2023, market share gains in its domestic market and a return to a positive adjusted EBITDA for the first six months of the year. The ...
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ArticleCooperVision accelerates in Q3, upgrades full-year forecast
CooperCompanies has reported an 11 percent year-on-year revenue increase to $630.2 million for its CooperVision (CVI) unit in Q3, marking the tenth consecutive double-digit quarterly progression and an acceleration from the previous quarter (+6 percent). Sales of contact lenses were up by 12 percent at constant exchange rates and by ...
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TOG invests in new automated RX production line
While presenting mixed results for the second quarter of 2023 earlier this month, Thai Optical Group has announced that it was building a state-of-the-art automated RX production line at Thai Optical Company Limited, one of its subsidiaries. The group expects the new facility to be operational by the end of ...
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ArticleSpecsavers full-year results show profitability drop
According to Specsavers official accounts’ filing, the U.K.-based retail group’s profitability significantly declined in the twelve-month period ended Feb. 28 compared with the previous fiscal year. While consolidated revenue inched up by 1.1 percent to £3,436 million (€3,988 m) on a reported basis (the company reported last month a 5.6 ...
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Fielmann confirms strong half year, gives update on SVS Vision
Fielmann Group has reported finetuned figures for its half-year performance that broadly confirmed the solid results announced in July. H1 external sales were up by 13.6 percent year-on-year to €1.13 billion, driven by international markets (+21.5 percent) and e-commerce (+28.1 percent). Consolidated revenue increased at the same rate, reaching €971 ...
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Mitsui Q1 vision care material sales slightly down
Mitsui Chemicals has reported a 1.6 percent year-on-year decrease in Q1 revenue to 57.1 billion Japanese yen for its Life & Healthcare business unit, as price increases by the Japanese group could not completely offset a 4.5 percent decline in volumes. The large division includes vision care material but also ...
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Good Q1 for Paris Miki
Japanese-based retail group Paris Miki has reported a 4.5 percent year-on-year increase in Q1 revenue to 12.0 billion Japanese yen (€76 m) as both its domestic and overseas markets saw the impact of the COVID-19 pandemic fade. Sales in Japan, accounting for roughly 90 percent of the group’s total, were ...
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ArticleSynsam posts another record quarter
Synsam Group has reported another quarter of double-digit revenue growth as sales for the quarter ended June 30 reached a record 1,566 million Swedish kronor (€132 m), up by 12.0 percent compared with Q2 2022. This however marks a deceleration from the previous quarter when they grew by 19.0 percent ...
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Conant up double-digit in H1, driven by Asia and price mix
Chinese lens manufacturer Conant Optical has reported an 11.3 percent year-on-year revenue increase to RMB 831 million (€105 m) for the first half of 2023. The growth was almost entirely driven by price mix improvements as the number of lenses shipped remained relatively stable at 86 million pieces. Sales of ...
