Latest Headlines

  • Arts Optical
    Article

    Arts Optical posts 5% annual revenue growth on OEM business rebound in H2

    2024-05-29T07:38:00Z

    Arts Optical has reported a 4.5 percent year-on-year increase in revenue to 1,196 million Hong Kong dollars (€141m) for fiscal 2023, accelerating from the 2.4 percent growth reported for the first half of the year. The annual revenue hike was driven by the rebound in the group’s Original Design Manufacturing ...

  • Vision Council
    Article

    Vision Council switches 2024 US market forecast to “growth” after positive Q1

    2024-05-28T08:52:00Z

    The Vision Council has improved its total US optical market value forecast for 2024 after its Market Insights Q1 2024 report showed increased spending and a higher number of eye exams by US consumers since the start of this year. The optical industry association is now expecting a 0.68 percent ...

  • pr-zeiss-myocare
    Article

    ZEISS Vision Care publishes results of myopia control research on Asian and Caucasian children

    2024-05-27T06:14:00Z

    ZEISS Vision Care announced at the annual meeting of the Association for Research in Vision and Ophthalmology (ARVO) the results of its latest research on the benefits of MyoCare, its myopia control lenses, for Asian and Caucasian children. 240 Chinese children and 304 Caucasian children in Spain and Portugal, all ...

  • Walgreens Boots Alliance - WBA
    Article

    Walgreens hoping to divest Boots in the UK

    2024-05-24T08:17:00Z

    Walgreens Boots Alliance (WBA) is once again looking to sell off its drugstores in the UK, “according to people familiar with the matter,” as Bloomberg reports. There are as yet no formal proceedings, and WBA has declined our invitation to comment on the sale. The original merger between Walgreens and ...

  • ZVA report 2023
    Article

    German optical market slightly positive in 2023 despite declining volumes

    2024-05-22T10:42:00Z

    The German optical retail market value increased by 1.4 percent year-on-year to €6,763 million including VAT in 2023 according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are publishing in this article a short selection of the data ...

  • Paris Miki
    Article

    Price hikes and sunglasses drove Paris Miki’s growth in FY 03/2024

    2024-05-22T05:14:00Z

    Paris Miki Holdings has reported group revenue of 12,003 million Japanese yen (€71m) for the last quarter of its financial year, ended on March 31, 2024, up by 5.3 percent year-on-year and accelerating from the 2.6 percent growth reported for Q3. Sales in Japan increased up by 4.2 percent to ...

  • Synsam
    Article

    Synsam Group driven by Sweden and subscription plans in Q1

    2024-05-20T10:03:00Z

    Synsam Group has reported a 7.8 percent year-on-year increase in Q1 revenue to 1,521 million Swedish crowns (€130.6m), in line with the growth pace reported for fiscal 2023. On an organic basis, sales in the first quarter of 2024 increased by 7.7 percent. Sales of Synsam Lifestyle subscription ...

  • De Rigo logo
    Article

    Double digit revenue growth and enhanced mix yielded higher profitability for De Rigo in 2023

    2024-05-20T10:03:00Z

    De Rigo Group has broadly confirmed the preliminary results for 2023 shared with us at the Mido show in February (see our article) and added more details on regional and segment performances as well as on overall profitability. Total revenue increased by 11.8 percent year-on-year to €506.1 million ...

  • Rodenstock_
    Article

    Stable revenue and margins for Rodenstock in 2023

    2024-05-20T00:58:00Z

    Rodenstock Group has announced annual sales of €506.1 million for fiscal 2023, up by 0.2 percent compared with FY 2022. Profitability was also relatively stable with €122.3 million in adjusted Ebitda, a €0.3 million year-on-year increase. The company underscored that the performance was achieved despite continued inflationary headwinds. ...

  • Zeiss
    Article

    ZEISS Consumer Markets segment up 5% in H1

    2024-05-17T07:26:00Z

    ZEISS Group has announced that its revenue rose by 10 percent year-on-year to €5,304 million for the first half of the fiscal year ended on March 31, 2024, slowing down from the 15 percent growth reported for the last fiscal year. The group stressed that it could maintain a double-digit ...

  • HOYA_LOGO_LOCK_UP_BLUE_CMYK
    Article

    Hoya reports 3% lenses revenue growth in Q4, expects flattish sales in 2024 following cyberattack

    2024-05-15T07:15:00Z

    Hoya Corporation has announced a 13 percent year-on-year increase in health care sales – a division including eyeglass lenses and contact lenses – to 103 billion Japanese yen (€608.8m) in the last quarter of its fiscal 2023 year ended on March 31, 2024. Eliminating the effect of strong currency tailwinds ...

  • Topcon-größer_woiweb
    Article

    Topcon looks outside the core ophthalmic sector

    2024-05-14T08:30:00Z

    Topcon Healthcare Inc. (THI) is developing something it calls Healthcare from the Eye, establishing for the purpose a partnership with Microsoft in February. The initiative steams from a strategy the Japanese firm laid out when releasing its figures for fiscal 2022, ended on March 31, 2023. As we then reported, ...

  • Warby Parker
    Article

    Warby Parker raises guidance after sales jump 16% in Q1

    2024-05-13T07:49:00Z

    Warby Parker raised its full year earnings and sales guidance after posting a strong showing in the first quarter of 2024, with revenues during the period jumping by 16.3 percent to $200.0 million and topping guidance for 13.7-14.6 percent growth. “Over the last couple of years, in spite of challenging ...

  • National Vision
    Article

    National Vision accelerates remote eye exams following tepid Q1 comparable sales growth

    2024-05-13T01:56:00Z

    U.S. optical retailer National Vision said that revenues from continuing operations in the first quarter of 2024 increased by 4.2 percent compared to the year earlier to reach $542.5 million. Comparable store sales growth was 1.4 percent and adjusted comparable sales growth just 0.4 percent, driven by growth in its ...

  • Marcolin Headquarters
    Article

    Marcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023 ​

    2024-05-10T08:18:00Z

    Marcolin has announced mixed results for the first quarter of 2024, delivering higher profitability despite declining revenue. Total Q1 sales went down by 4.4 percent year-on-year to €145.6 million. On a constant currency basis, they declined by 3.8 percent. The group underscored that, on a like-for-like brands portfolio basis, the ...

  • Mister_Spex_Q1
    Article

    Mixed Q1 results for Mister Spex as sales of prescription glasses decline slightly

    2024-05-09T09:27:00Z

    Mister Spex revenue inched up by 2.0 percent year-on-year to €51.1 million for the first quarter of 2024, decelerating strongly from Q4 2024 when it grew by 7.4 percent. The mid-single digit growth in Germany was insufficient to fully offset a sharp drop in international sales (see table below). ...

  • Safilo
    Article

    Safilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline

    2024-05-08T08:21:00Z

    As anticipated by the company’s management in previous announcements, Safilo Group has posted lackluster results for the first quarter of 2024 with revenue declining by 3.5 percent year-on-year to €277.2 million. At constant rates, the topline was down by 1.7 percent marking a trend reversal from Q4 2023 when it ...

  • zeiss-logo-rgb
    Article

    Carl Zeiss Meditec revenue and margins down in H1

    2024-05-08T07:13:00Z

    Carl Zeiss Meditec has announced a 2.8 percent year-on-year decline in H1 revenue to €974.5 million, which translates to a 0.7 percent reduction at constant currency rates. While sales in the Microsurgery business unit increased by 9.1 percent at constant rates to €246.5 million versus H1 2022/23, revenue from the ...

  • Logo_iF_DesignAward2024_RGB
    Article

    Thirteen eyewear frames received an IF DESIGN 2024 award

    2024-05-07T06:39:00Z

    IF Design Foundation (IF), the German-based organization behind the international IF DESIGN AWARDS has released the list of award winners for 2024, ahead of the ceremony scheduled for April 29 in Berlin. The IF jury reviews designs submitted by companies across nine disciplines (product, packaging, communication, …) and 81 product ...

  • Optic 2000
    Article

    Revenues up 5 % at Optic 2000 Group

    2024-05-03T05:44:00Z

    Optic 200 Group – which comprises Optic 2000, Lissac, Audio 2000, Gadol and Optic Swiss Services – has posted revenues of €1.292 billion, up 5 percent year-on-year. The group says that its sales growth outstripped that of the combined French markets for optical and hearing aids in 2023 and that ...