Financial Results – Page 12
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ArticleEssilorLuxottica delivers strong Q2
EssilorLuxottica reported total revenues of €4,709 million for the second quarter of its 2021 fiscal year, up 92.5 percent in reported terms and 103.1 percent at constant exchange rates as compared to 2020. Compared to the same period in the pre-Covid 2019 year, revenues increased by 9.2 percent in neutral ...
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ArticleHoya returns to pre-Covid sales level in lenses
Hoya Corporation reported a 45 percent year-on-year increase in Q1 group revenues to 158.0 billion Japanese yen (€1,212m-$1,439m), confirming its rebound from the Covid-19 crisis with strong sales’ growth in both its Life Care and Information Technology segments. On a currency neutral basis, quarterly revenues grew by 39 percent as ...
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ArticleKering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
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ArticleSun Hing turns a small profit despite 23% sales drop
Sun Hing Vision Group, the Hong Kong-based eyewear company, reported a 23.1 percent year-on-year drop in annual sales to 702 million HK dollars (€76.4 m-€90.3m) for its 2020/21 fiscal year as both its OEM and distribution business were significantly impacted by the Covid-19 pandemic. The OEM business’ segment sales, which ...
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ArticleFielmann business recovery accelerated in H1
The Fielmann retail group released preliminary figures for the first half of the current financial year during its annual general meeting on July 8. The company said that its business’ recovery accelerated in Q2 thanks to declining Covid-19 incidences on the optical market and to its ongoing internationalization and digitization ...
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ArticleAfflelou rebounds 3 % higher than in 2019
The Afflelou group reported revenues of €189.3 million for its third quarter and of € 618.1 million for the first nine months of its current financial year, representing year-on-year increases of 74.4 percent and 24.5 percent, respectively. The group highlighted that its total sales for the first nine months were ...
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ArticleCVI doubles myopia management sales
Although the segment still accounts for less than 3 percent of CooperVision revenues, much of the talk during the Q2 results’ presentation by the company yesterday revolved around myopia management and the company’s performance in this product category. Answering questions from financial analysts, Al White, president and CEO of CooperCompanies, ...
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ArticlePartial sales recovery in Q1 for Marcolin
Only a few days after the publication of its annual results, the Marcolin Group relased its quarterly figures for the first quarter of the current fiscal year ending March 31, which showed a strong rebound in revenues from 2020, but falling short of recovering to pre-Covid levels. ...
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ArticleAcquisitions and digitization fuel New Look Vision’s growth
New Look Vision Group, the Canadian-based retail group, reported a high double-digit increase in revenues for the third consecutive quarter, confirming a quick recovery from the impact of the Covid-19 pandemic. After respective growths of 17 percent and 25 percent in Q3 and Q4 in the past ...
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ArticleConsumer markets supported Zeiss H1 rebound
After a slight decline of 2 percent in revenues last year, ZEISS reported a significant recovery for the first half of its current fiscal year, with total H1 sales increasing 6 percent year-on-year to €3.4 billion, or by 9 percent in constant currencies. With roughly stable revenues in the Semiconductor ...
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ArticleMister Spex up double digits, opens first stores abroad
Mister Spex, the German-based omnichannel retailer, announced last week that its 2020 revenues grew by 18 percent last year as compared to 2019, reaching €164 million. The company registered a double-digit hike in sales both in Germany and in its international markets. Dirk Graber, founder and co-CEO, ...
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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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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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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 ...
