Latest Headlines – Page 50
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ArticleMIDO presents its digital edition
Beyond the presentation of Italian exports’ figures, the purpose of the joint online press conference by ANFAO and MIDO held on May 19 was to unveil more details about the MIDO Digital Edition, the digital event that will take place from next June 5 to 7, following the cancellation of ...
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ArticleItalian exports down 26% in 2020
The Covid-19 pandemic put the Italian eyewear industry back seven years, as 2020 production and exports’ values dropped back to 2013 levels, according to data presented yesterday by Giovanni Vitaloni, president of ANFAO, the Italian industry association, and the MIDO trade show. Commenting on the current situation, ...
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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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ArticleTooz launches its smart glasses for developers in Germany
Aiming to mass market smart glasses compatible with prescription lenses at the beginning of next year, tooz technologies, the joint venture founded in 2018 by ZEISS and Deutsche Telekom, is first targeting the community of IT developers in order to collect feedback and finetune the final phase ...
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Essilor sees growth opportunities in Russia
The Covid-19 pandemic has hit the Russian eyewear market hard, but the long-term outlook remains mostly bright, said Vadim Korol, chairman of Essilor Russia, in the Russian magazine Invest Forsait at the end of April. Last year has been marked with a slump in sales caused by a number of ...
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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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ArticleEssilux ramps up Stellest
Only a few days after announcing significant developments for its myopia management lens in China and the U.S. during its conference call with financial investors, EssilorLuxottica disclosed updated results on its Stellest research during the online congress of the Société Française d’Ophtalmologie a few days ago and confirmed a launch ...
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ArticleINDO invests to become a Mediterranean leader
INDO, the Spanish-based lens manufacturer, increased its market share in Spain by 1.5 percentage points last year, consolidating its position as the third largest lens brand in the country. According to figures provided by the company, its revenues in the lenses’ category went down by 4 percent ...
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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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ArticleFielmann enters Czech market, eyes France
During Fielmann’s annual press conference, Marc Fielmann, CEO of the company, announced that the German-based retail group was about to enter the Czech Republic, a new step forward in its internationalization strategy. The first shop will be opened in Prague next month and the group is planning ...
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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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ArticleEssilorLuxottica revenues top 2019 level
EssilorLuxottica confirms its growth trajectory started in the second half of 2020, with sales for the first quarter surging by 7.3 percent from the year-ago quarter to €4,060 million, or by 14.3 percent in constant currencies. This is even 1.9 percent above the level of the first ...
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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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Vision Expo East upbeat about its 2021 edition
The Vision Council and Reed Exhibitions, joint organizers of the Vision Expo eyewear trade shows, seem upbeat about the next edition of Vision Expo East, which should be the first major industry event to take place since the outbreak of the Covid-19 pandemic. Initially planned to take place from May ...
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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 ...
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ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued cost ...
