All Financial results articles – Page 5
-
News briefs
Record Q2 sales at KITS
KITS Eyecare’s second-quarter saw revenue up 38 percent from $21.8 million to a record $30.0 million. Gross margin was up 80 basis points, from 32.2 to 33.0 percent, and adjusted EBITDA up by $1.1 million, from a negative $0.6 to a positive $0.5 million. The company’s cash balance at the ...
-
News briefs
Strong sales but margins remain under pressure at Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 12.9 percent year-on-year growth in revenue at constant rates for the first nine months of this year, totaling €1,510 million. Sales of ophthalmology equipment reached €1,152 million, up by 11.8 percent compared with 2022, and the microsurgery unit also reported a double-digit hike. Geographically ...
-
Article
Italian OEM cluster group surfing on luxury eyewear momentum
Venevision, a group of Italian eyewear manufacturing companies in the Dolomites region, has announced that its revenue for the first half of this year reached €39.6 million, increasing by 58 percent year-on-year thanks to a series of acquisitions in the second half of 2022. On a comparable scope, sales were ...
-
News briefs
Bausch + Lomb sales of contact lenses slow down in Q2
Bausch + Lomb has reported that its sales of contact lenses in the second quarter of this year inched up by one percent year on year, totalling $215 million. At constant exchange rates, they were up by four percent versus Q2 2022, slowing down from a double-digit growth pace in ...
-
Article
A slow U.S. market and GrandVision exit weigh on Safilo results
The Safilo Group has reported lackluster results for the second quarter of 2023 as its topline declined by 8.8 percent year-on-year to €263.0 million, or by 6.6 percent at constant exchange rates. On an organic basis, a measurement including only the house brands and ongoing licenses and excluding the Kering ...
-
News briefs
JINS reports solid quarterly results
Japanese-based optical retail group JINS has reported a 10.4 percent year-on-year increase in Q3 sales to 19.0 billion Japanese yen (€121m), driven by a sharp increase in overseas sales that jumped by 31.3 percent to ¥4.6 billion (€29m) or close to one fourth of group revenue. Q3 sales in Japan ...
-
Article
Life Care unit drives Hoya in Q1
HOYA Corporation has announced a 15 percent year-on-year increase in revenue to 127 billion Japanese yen (€811m) for its Life Care division in the first quarter of its new fiscal year. On a constant currency basis, sales were up by 11 percent. The group said that all major products contributed ...
-
News briefs
Sales and profit up in Q1 at Topcon Eye Care division
Topcon has reported an 18 percent year-on-year increase in sales to 17 billion Japanese yen (€10 m) at its Eye Care unit for the first quarter of its new fiscal year, with good performances from both the screening and core business segments. The company does not communicate revenue growth at ...
-
Article
Solid half-year performance for Marcolin despite Q2 slowdown
The Marcolin group has reported a positive performance for the first half of this year with an high-single digit increase in revenue compared with 2022 and significant margin improvements in spite of a slowdown in Q2 sales. For the second quarter of 2023, the group’s topline inched up by 1.5 ...
-
Article
National Vision reels as Walmart prepares to end partnership
National Vision shares took a hit in trade on the Nasdaq stock exchange July 27, tumbling 22 percent on the day after the surprise announcement that U.S. retailing giant Walmart has decided to end its long-standing partnership with the optical retailer next year. Walmart’s decision not to renew the partnership ...
-
News briefs
Inspecs up 6 % in H1
The Inspecs Group has announced a 6.0 percent uptick in half-year revenue to £111 million (€129 m) versus the same period last year. On a constant currency basis, sales were up by 2.3 percent. The U.K.-based company added that strong cash generation enabled it to reduce its net debt by ...
-
Article
Kering Eyewear posts 21 % comparable growth in Q2
French luxury group Kering has reported a 54 percent year-on-year revenue growth to €428 million in Q2 for its eyewear unit, Kering Eyewear. While scope expansion, with the integration of Maui Jim, and currency tailwinds were the main contributors to the revenue jump, the eyewear division sales also grew by ...
-
Article
EssilorLuxottica maintains sales momentum in Q2, driven by optical portfolio
The EssilorLuxottica group confirmed in Q2 the high single-digit topline growth reported for the first quarter of this year, as well as a solid and stable operating margin for the first semester compared with H1 2022. The group stressed that, with the exception of its sunglasses business in the U.S., ...
-
News briefs
Johnson & Johnson Q2 contact lens sales grow 5.1%
Johnson & Johnson reported contact lens sales totaling $939 million in the second quarter of 2023, up by 5.1 percent compared to the year earlier on a reported basis and 6.6 percent higher at constant currency rates. Growth was attributed to the continued strong performance of the Acuvue Oasys 1-Day ...
-
Article
Fielmann launches proprietary online vision check tool, reports good H1 results
Reporting its preliminary results for the first half of 2023 earlier today, Fielmann Group announced that it would enhance its German e-commerce website next month with a new vision check tool based on a proprietary measurement technology. The new system willl allow users of fielmann.de to check online whether their ...
-
Article
Specsavers revenue up mid-single digit in 2022/23
In its just published annual review, Specsavers has reported total group revenue of £3.55 billion (€4.15 billion) for its 2022/23 fiscal year ended Feb. 28, up by 5.6 percent at constant exchange rates compared with the previous year. This marks a deceleration from the 24.9 percent sales increase reported in ...
-
Article
Sun Hing OEM unit hit by lower consumer demand in Western markets
OEM manufacturer Sun Hing Vision Group has reported a 19.6 percent year-on-year drop in revenue to 705 million Hong Kong dollars (€83 m) for its fiscal year ended March 31, 2023. The Hong Kong-based company explained that its business was severely hit last year by the economic crisis in the ...
-
Article
Alain Afflelou banner posts 8% growth in Q3, Spain up double digits
The Afflelou Group has reported a 4.2 percent year-on-year increase in external sales to €220 million (see table) for its third quarter, ended April 30. On a like-for-like basis, they were up by 5.1 percent versus FY 2022. The company commented that the quarterly sales uptick reflected higher volumes rather ...
-
Article
Mitsui to increase MR output and bolster synergies with coating unit in FY 2023
Mitsui Chemicals has reported a 33 percent year-on-year increase in revenue to 258 billion Japanese yen (€1.7bn) in fiscal 2022 for its Life & Healthcare Solutions business, a unit that includes sales of vision care materials but also other product categories, such as agrochemicals and nonwovens. Operating margin for the ...
-
Article
Screening and shared data at the core of TOPCON 2025 plan
Japanese-based equipment maker TOPCON has reported a strong growth in revenue and stable margins for its eye care division in its fiscal year ended March 31. The company also presented its mid-term business strategy and 2025 targets, with a strong focus on its screening and software businesses that are expected ...