Latest News Briefs – Page 12
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News briefs
Mitsui Q1 vision care material sales slightly down
Mitsui Chemicals has reported a 1.6 percent year-on-year decrease in Q1 revenue to 57.1 billion Japanese yen for its Life & Healthcare business unit, as price increases by the Japanese group could not completely offset a 4.5 percent decline in volumes. The large division includes vision care material but also ...
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News briefs
Good Q1 for Paris Miki
Japanese-based retail group Paris Miki has reported a 4.5 percent year-on-year increase in Q1 revenue to 12.0 billion Japanese yen (€76 m) as both its domestic and overseas markets saw the impact of the COVID-19 pandemic fade. Sales in Japan, accounting for roughly 90 percent of the group’s total, were ...
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News briefs
Conant up double-digit in H1, driven by Asia and price mix
Chinese lens manufacturer Conant Optical has reported an 11.3 percent year-on-year revenue increase to RMB 831 million (€105 m) for the first half of 2023. The growth was almost entirely driven by price mix improvements as the number of lenses shipped remained relatively stable at 86 million pieces. Sales of ...
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News briefs
Kering Eyewear to Maui support fund after wildfires
Kering Eyewear, owner of the Hawaian brand Maui Jim, has announced that it was making a donation to Hawaii Community Foundation’s Maui Strong Fund, to assist the victims and support the rebuilding efforts followig the devastating wildfires in Lahaina earlier this month. Maui Jim, which has a local store and ...
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News briefs
Specsavers closes its Belgian stores
Specsavers is reportedly pulling out from Belgium, a country the retailer entered at the end of last year. According to the Retail Detail website, Specsavers was operating three stores in the region of Antwerp which were attached to its Dutch subsidiary. The group has a strong presence in the Netherlands ...
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News briefsOcuco gets €60m boost
A private-equity firm, Accel-KKR, has acquired a minority stake worth €60 million in Ocuco. Leo Mac Canna The omnichannel software provider was founded in 1993 by its current CEO, Leo Mac Canna, and operates in 88 countries. The latest version of its software, Acuitas 3 OmniChannel Edition, ...
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News briefs
Alcon Q2 contact lens sales rise 10% amid continued SiHy lens growth, price increases
Alcon registered contact lens sales of $594 million in the second quarter ended June 30, up by 10 percent on a constant currency basis compared to the year earlier and led by continued growth in silicone hydrogel contact lenses, including the Precision1 and Total product families, and price increases across ...
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News briefs
Ethos helps to boost Visottica’s top line 14%
The Italian eyewear component supplier Visottica generated revenues of €98 million in 2022, up by 14 percent compared to the year earlier and benefiting from the consolidation in financial results of Ethos, a company specialized in galvanizing in which Visottica acquired a 60 percent stake last year. The top line ...
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News briefsRevenues up at Vuzix
Vuzix Corporation, the U.S. producer of smart glasses and augmented reality (AR) products, has posted its second-quarter results, with a rise in revenues of 56 percent year-on-year, 61 percent half-on-half and 12 percent quarter-on-quarter. Total sales for Q2 rose from $3.01 to $4.69 million. Overall gross profit for the quarter ...
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News briefsRecord Q2 sales at KITS
KITS Eyecare’s second-quarter saw revenue up 38 percent from $21.8 million to a record $30.0 million. Gross margin was up 80 basis points, from 32.2 to 33.0 percent, and adjusted EBITDA up by $1.1 million, from a negative $0.6 to a positive $0.5 million. The company’s cash balance at the ...
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News briefsNew segments at Vision Expo West
Vision Expo West – scheduled for Sept. 27-30 at the Venetian Expo & Convention Center in Las Vegas – has added two exhibition segments: ocular aesthetics and audiology. The exhibitors that have signed up for these include MAICO Diagnostics, BlephEx, Dejavi Innovation, MDelite Laser, Avologi and Optometric Aesthetics. In all, ...
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News briefsMost Ray-Ban Stories shelf-bound, says WSJ
According to an internal document obtained by the Wall Street Journal, less than one in ten pairs of Ray-Ban Stories smart glasses ever sold are in regular use. Meta developed the product with EssilorLuxottica and released it almost two years ago, in September 2021. By February of this year it ...
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News briefs
A glimpse of the state of sustainability in U.S. eyecare
There was a slight decline over the course of 2022 in the importance of having a “green” practice for U.S. eyecare professionals, at least according to the Environmental Sustainability Survey conducted by Jobson Optical Research on behalf of 20/20. In February 2020, November 2021 and August 2022, only 1 percent ...
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News briefs
Strong sales but margins remain under pressure at Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 12.9 percent year-on-year growth in revenue at constant rates for the first nine months of this year, totaling €1,510 million. Sales of ophthalmology equipment reached €1,152 million, up by 11.8 percent compared with 2022, and the microsurgery unit also reported a double-digit hike. Geographically ...
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News briefs
Change of CEO at Eschenbach Optik
Dr. Jörg Zobel, CEO of Eshenbach Optik, an entity of the Inspecs Group since 2020, will be stepping down from his position at the end of August this year to pursue his career in the tourism sector. Zobel was at the helm of the German eyewear company since 2016. He ...
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News briefs
Bausch + Lomb sales of contact lenses slow down in Q2
Bausch + Lomb has reported that its sales of contact lenses in the second quarter of this year inched up by one percent year on year, totalling $215 million. At constant exchange rates, they were up by four percent versus Q2 2022, slowing down from a double-digit growth pace in ...
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News briefs
JINS reports solid quarterly results
Japanese-based optical retail group JINS has reported a 10.4 percent year-on-year increase in Q3 sales to 19.0 billion Japanese yen (€121m), driven by a sharp increase in overseas sales that jumped by 31.3 percent to ¥4.6 billion (€29m) or close to one fourth of group revenue. Q3 sales in Japan ...
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News briefs
Sales and profit up in Q1 at Topcon Eye Care division
Topcon has reported an 18 percent year-on-year increase in sales to 17 billion Japanese yen (€10 m) at its Eye Care unit for the first quarter of its new fiscal year, with good performances from both the screening and core business segments. The company does not communicate revenue growth at ...
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News briefs
Marcolin launches AR factory visits for employees and partners
Marcolin has launched an augmented reality (AR) project that enables virtual visits to its Italian factories, with the aim of enhancing both employees’ training and customer experience. As part of its Marcolin Manufacturing Academy program, employees will be able to visit production facilities and learn processes and skills remotely, wearing ...
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News briefs
Mixed signals from the German optical market for the half year
The German optical market grew by 3.7 percent in volume at retail in the fist six months of 2023 versus the previous year, according to data provided by the ZVA, the country’s national association of opticians and optometrists. Adding the effect of price increases, optical retail sales increased by 7.6 ...
