Latest Headlines – Page 20
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ArticleConant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
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ArticleUS business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
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ArticleFast-growing Thai Optical Group to increase RX capacity by 25%
Lens manufacturer Thai Optical Group is planning significant investments in RX lenses production capacity increase as the segment revenue increased by 50 percent in H1 2024, driven by the Americas and Europe.
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ArticleCooperVision upgrades FY outlook again as topline momentum continues
CooperCompanies has upgraded its fiscal 2024 financial outlook for its CooperVision business unit following a second consecutive quarter of double-digit organic revenue growth.
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ArticleSynsam posts record earnings in Q2
Nordics optical retail leader group Synsam has posted record earnings on a return to double-digit revenue growth for Q2 2024, driven by fast-growing eyeglasses and contact lenses’ subscriptions.
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ArticleAerial Vision buys 5.3% of iVision Tech, becomes a strategic partner
Aerial Vision International (AVI) has acquired a 5.31 percent stake in iVision Tech while the investment group Algebris Investments Limited raised its holding in the Italian eyewear supplier to 8.48 percent from a previous 3.34 percent through an accelerated bookbuilding transaction. In addition to being a new shareholder, AVI is ...
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ArticleUkraine eyewear market partly bounces back amid ongoing challenges
The Ukrainian eyewear market has partly rebounded from its 2022 drop following the start of the war with Russia despite severe supply chain disruptions. However, uncertainties and challenges remain, notably related to the workforce shortage and power outages.
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ArticleMister Spex to close all international stores under new restructuring plan
Embattled German optical retailer Mister Spex is launching another restructuring plan which it expects will increase Ebitda by over €20 million in 2025 and 2026. The main measure calls for the immediate closure of all international shops.
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ArticleWarby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red
Posting a double-digit sales growth and higher profit margins for Q2 2024, US direct-to-consumer optical retailer Warby Parker has once again upgraded its full year financial outlook but long-term profitability remains a challenge.
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ArticleNational Vision downgrades outlook after mixed Q2, announces stores fleet review and new president
Following lower-than-expected results for Q2 2024 and a downgrade of its full-year outlook, National Vision has announced a series of initiatives aimed at driving future profitable growth.
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ArticleKits Eyecare revenue up 26% in Q2
Canadian-based online optical retailer posts strong sales increase across all markets and categories for Q2 2024, driven by domestic sales and the eyeglasses segment.
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ArticleZeiss survey shows parents’ high level of concern about their children eye health
ZEISS Vision Care shows that 95 percent of parents with kids between 4 and 9 are concerned by the impact of their screen usage on their eye health. Yet, a significant percentage of them don’t get an eye exam on a yearly basis.
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ArticleTokai looks to expand commercial and industrial footprint outside Japan
Limited by a gradually shrinking domestic market, Japan-based lens manufacturer is looking abroad for growth, notably in the US and the Middle East.
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ArticleHOYA temporarily puts life care unit topline recovery over bottom line target
Reporting its financial results for the first quarter of its 2024-25 fiscal year ended June 30, HOYA Corporation has announced that quarterly revenue for its life care business increased by 6.0 percent year-on-year to 135.0 billion Japanese yen (€870m). At constant currencies, the unit’s quarterly sales inched down by 2.0 ...
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ArticleSafilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving
Safilo Group revenue decline continued in Q2 2024 as the slight improvement of the company’s business in North America was offset by a sharp deceleration in the European market. However, the group’s profitability improved from 2023 in the quarter and the half year.
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ArticleMarcolin posts higher margin ratios on declining sales in H1
Despite declining sales in its two main markets – EMEA and North America – Marcolin has reported margin improvements thanks to a more luxury-oriented product mix and cost efficiencies.
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ArticleSun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
Eyewear manufacturer Sun Hing Vision has reported 702 million Hong Kong dollars (€83m) in group revenue for its financial year ended March 31, 2024, almost stable compared to the previous year. As was the case in fiscal 2023, the group’s topline was dragged down by declining sales from its OEM ...
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ArticleThe Vision Council reviews Q2 in the US
The Vision Council has released its Consumer inSights report on the US market for Q2 2024. In the summation of Alysse Henkel, the Council’s Vice President of Research and inSights, much has remained the same from Q1. “Consumers,” she said, “are still largely receiving the same amount of care, prefer ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
