Financial Results – Page 9
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ArticleStrong Q1 for Essilux
Except for a slight deceleration in the U.S. market, all lights were green in the first quarter of the 2022 fiscal year for EssilorLuxottica with its two operating segments and all regions gaining momentum compared to the previous quarter. In reported terms, total revenue jumped by 38 percent year-on-year to ...
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ArticleRevenue boost for Kering Eyewear in Q1
Kering Eyewear quarterly revenues reached €300 million for the first quarter of 2022, a significant jump from the €185 million reported in the previous year. The eyewear division of Kering was the fastest growing unit in Q1 for the French luxury group, whose total reported sales increased by 27 percent ...
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ArticlePro Optik reports strong growth, plans further digitization
Pro Optik reported strong results in 2021, outperforming the sector despite recent market headwinds, and consolidating its third place in the ranking of optical retail banners by sales in Germany, the company announced. Sales increased last year by around 11% to €144 million from €130 million in 2020, driven by ...
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ArticleMister Spex looks to accelerate revenue growth in 2022
The Germany-based omnichannel retailer Mister Spex expects to bump up growth in its top line this year, forecasting a double-digit growth rate that is “slightly higher” than the 18 percent increase in revenues seen in 2021 and allows it to continue to grow faster than the market as a whole. ...
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ArticleAfflelou sales rebound in Q2 after Q1 drop
The Afflelou group has reported a slight year-on-year increase in network sales for the second quarter of its 2022 fiscal year, ended Jan. 31, rebounding from a 4.9 percent drop in the previous quarter. The growth was limited to 3.2 percent versus 2021 as the stores’ activity was still impacted ...
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ArticleFedon annual revenues rise as demand rebounds from Covid pandemic
Italian eyewear case and leather goods specialist Fedon has reported a rise in annual revenue as trading rebounded from the impact of the Covid-19 pandemic and associated lockdowns around the world. Group revenue rose 18.8 percent year-on-year to €50.1 million in 2021, but remained siginificantly lower than the €64.2 million ...
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ArticleKRYS GROUP announces €50 million investment plan
The KRYS GROUP reported a 18.5 percent year-on-year increase in network sales of optical products and hearing aids to a total of €1,199 million, including VAT, for 2021. As compared to the pre-Covid 2019 reference year, stores sales were up by 7.8 percent. The hearing-aids Krys Audition unit saw its ...
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Higher sales and losses for Warby Parker in Q4, FY
U.S.-based direct-to-consumer Warby Parker has reported a 17.8 percent year-on-year increase in Q4 revenues to $132.9 million. The company noted that its quarterly sales had been negatively impacted by the Covid’s Omicron variant at the end of December, which usually coincides with peak demand from customers. Q4 revenues were up ...
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ArticleGood start of the year for Safilo
The board of directors of Safilo Group has approved the annual results of the company for the 2021 fiscal year, which showed strong improvements both in terms of revenue and profitability versus 2020 and 2019. As we have already covered the group’s performance extensively at the end of January after ...
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ArticleWith revenues up, Thai Optical is shifting towards high value-added
Thai Optical Group has posted revenues from sales and services of 2,358 million baht (€64.20m) for 2021, up year-on-year by 29.5 percent. Ebitda was up by 108.4 percent to THB 529 million (€14.4m). America has been the group’s major growth market over the past three years, climbing from 7.8 percent ...
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ArticleEssilux comparable revenue up 7.4 % in 2021 vs. 2019
EssilorLuxottica has reported revenues of €19,820 million for the full 2021 financial year, up 40 percent year-on-year and 20 percent versus the pre-Covid 2019 year. The topline figure includes revenues of the GrandVision business for the first time, and for a total of €2,062 million corresponding to six months of ...
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ArticleKits increases revenues, expands customer base
Kits Eyecare devoted 2021 – its first year as a public company – to investment, expanding its production capacity and customer base. The self-described “vertically integrated, digitally native eyecare platform” also managed to raise revenues, bringing in about $82.4 million. Year-on-year this represents an increase of 15.1 percent in constant ...
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ArticleEMEA and APAC drove CooperVision Q1 growth
CooperCompanies has reported a 16 percent year-on-year revenue increase to $787.2 million for the first quarter of its 2022 financial year, with double-digit progress for both its CooperVision and CooperSurgical divisions. CooperVision Q1 sales rose by 11 percent in reported terms as compared to the same period in 2020, or ...
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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ArticleSynsam posts all-time high annual sales and profits
Swedish-based retailer Synsam Group reported a 14.0 percent year-on-year increase for the last quarter of its financial year, with total revenues totaling SEK 1,245 million (€117.0m). Like-for-like growth for the period was 10.2 percent. Although the quarter saw a deceleration from the previous quarter’s 21.0 percent sales’ increase, the company ...
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ArticleFielmann sees 2021 sales jump 19%
The Fielmann Group reported external sales of €1.94 billion in 2021, reflecting a 19 percent increase over the previous year and 10 percent growth above the pre-pandemic level seen in 2019. Consolidated sales rose by 17 percent compared to the previous year to reach €1.68 billion. Preliminary figures from the ...
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ArticleKering Eyewear comparable sales up 45% in 2021
Reporting its annual results last week, French luxury group Kering announced that external sales of its Kering Eyewear subsidiary reached a total of €726 million in 2021. After elimination of royalties and intragroup sales, Kering Eyewear posted consolidated revenues of €599 million, including the consolidation of the acquired Lindberg business ...
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Article
Paris Miki downgrades FY forecast
Japanese-based retail group Paris Miki continued to struggle in the third quarter of its FY03/22 financial year, with group revenues declining by 3.0 percent year-on-year to 11,792 million Japanese yen (€90.1m-$102.4m), however slightly improving from the 11.2 percent drop reported for the previous quarter. By region, the group reported a ...
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ArticleHoya posts record revenue and profit for Q3
Hoya has reported record-high revenue and operating profit for the third quarter of its financial year, with both the IT and Life Care divisions contributing double-digit sales growth as compared to Q3 2020. In the Life Care business, which includes medical equipment, eyeglass lenses and contact lenses, quarterly revenues were ...
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ArticleInspecs sees FY results in line as acquisitions boost revenue
UK-based Inspecs Group said it expects annual results to be in line with forecasts, as sales rose despite Covid-19 restrictions. The company anticipates revenue of $241 million compared with $47.4 million a year earlier, with its Eschenbach acquisition delivering a positive performance. It added that current trading in its European ...
