All articles by Pierre-Marie Bernard – Page 7
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ArticleKRYS GROUP to raise lens production capacity by 30%
KRYS GROUP has announced the completion of the building of its new plant at its CODIR industrial and logistic center in Bazainville, near Paris. The new 4,800 square meter structure, which is slated to become operational early next year at the latest, will enable the French optical retailer to accelerate ...
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ArticleMitsui to increase MR output and bolster synergies with coating unit in FY 2023
Mitsui Chemicals has reported a 33 percent year-on-year increase in revenue to 258 billion Japanese yen (€1.7bn) in fiscal 2022 for its Life & Healthcare Solutions business, a unit that includes sales of vision care materials but also other product categories, such as agrochemicals and nonwovens. Operating margin for the ...
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ArticleCooperVision to invest $500 m in Puerto Rico manufacturing base
CooperVision has announced a $500 million investment for the expansion of its operations in Puerto Rico, including the enhancement of existing facilities in Juna Diaz and the building of a new factory in Ponce. In more details for the Juna Diaz facilities, CooperVision said it would convert a 2,000 square ...
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ArticleScreening and shared data at the core of TOPCON 2025 plan
Japanese-based equipment maker TOPCON has reported a strong growth in revenue and stable margins for its eye care division in its fiscal year ended March 31. The company also presented its mid-term business strategy and 2025 targets, with a strong focus on its screening and software businesses that are expected ...
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ArticleRodenstock sales up 4 % last year on B.I.G. Vision lenses momentum
Rodenstock Group has reported €505 million in pro-forma sales for fiscal 2022, an increase of 4 percent on a like-for-like basis compared with the previous year. The lens company stressed that it could deliver robust results despite challenging macroeconomic conditions that led to a slowdown in growth pace in the ...
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ArticleCooperCompanies upgrades outlook after solid Q2
CooperCompanies has reported a 6.4 percent year-on-year revenue increase to $589.3 million for its CooperVision unit in the second quarter of its fiscal year, ended April 30. The division topline was up by 10 percent at constant currencies and organically, marking its ninth consecutive quarter of double-digit growth, the company ...
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ArticleCircularity gaining traction in the French eyewear market
Circularity in the eyewear sector has been a hot topic in the last couple of weeks in France as two major retail chains, and a young start up specializing in the recycling of used glasses, have announced new programs for second-hand eyewear. ZAC, a Lille-based startup specializing in the ...
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ArticleMaterialise and Vuzix join forces in smart eyewear
Smart glasses supplier Vuzix and 3D-printing company Materalise have announced the start of their collaboration in the area of consumer smart eyewear; a market that is believed to be on the verge of mass adoption after years of development. As previously reported, the U.S.-based tech company is ramping up its ...
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ArticleHow did the top eyewear companies perform in their last fiscal year?
For the first time we are publishing a comparative analysis of the performance of the eyewear industry’s main players during their last financial year. You can see the detailed results in the interactive table below. Most companies in this table are stock listed and their financial year ends on ...
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ArticleFrench opticians release new market data ahead of new health care plan negotiations
As the French government prepares for a new round of discussions with healthcare professionals for an update of its so-called 100% Santé reform, the Rassemblement des Opticiens de France (ROF), the main opticians’ association in the country, has released a new set of data around the implementation of the plan ...
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ArticleNIDEK launches time-saving automated refraction software for ECPs
Japanese-based optical equipment maker NIDEK is introducing FARS, which stands for Fully Assisted Refraction System and is an optional kit to the company’s TS-610, its latest generation tabletop refraction machine. FARS consists of application software, compatible with tablets and PCs, and a joystick controller, and enables patients to perform the ...
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ArticleEssilorLuxottica unveils Ray-Ban Reverse collection
EssilorLuxottica has officially announced the launch of Ray-Ban Reverse, giving more details on the new sunglasses that were described as a “revolution” and a “reinvention” during the group’s last financial results presentation. The Reverse collection’s innovation lies in the design of the frames lenses that come with an inverted look ...
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ArticleJINS downgrades outlook, rethinks business model and supply chain
JINS HOLDINGS has downgraded its outlook for the current fiscal year ending next Aug. 31 after mixed results in the first half of the year, mostly due to lackluster sales on the Japan-based group’s domestic market. Sales in Japan grew by 2.4 percent year-on-year in H1 to 26,2 billion Japanese ...
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ArticleParis Miki reports sales rebound and return to operating profit for 2022-23
Japanese-based retail group Paris Miki ended its fiscal 2022-23 year on a high note with total sales increasing by 9.2 percent year-on-year to 11,387 million Japanese yen (€76 m) in Q4 and sharply accelerating from the 4.9 percent growth reported for Q3. The rebound was equally shared between the company’s ...
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ArticleMenicon driven by dailies, ortho-k, overseas and currencies in FY2022
Japanese-based contact lens maker Menicon has reported positive full year results for its fiscal year ended March 31, with a double-digit increase in group revenue versus 2021 and a slight improvement in operating profit margin. The overseas markets, notably in the orthokeratology segment, higher sales of daily disposable lenses in ...
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ArticleGermany and prescription frames drove Mister Spex’ growth in Q1
Mister Spex has reported a 6 percent year-on-year increase in revenue to €51 million for the first quarter of 2023. The growth was fully attributable to Germany where sales grew by 12 percent to €38 million, thanks notably to the reallocation of marketing investments on the domestic market as part ...
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ArticleHOYA Life Care unit posts strong sales and margin increases in Q4
HOYA Corporation has announced record-high quarterly revenue as the Japanese-based group’s topline progressed by 10 percent year-on-year to 185.8 billion yen (€1,264 m) in the last quarter of the financial year ended on March 31. In constant currencies, total sales were up by 3 percent. The overall revenue increase was ...
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ArticleEuropean soft contact lens wholesale market up double-digit in 2022
Euromcontact, the European federation of national associations and international contact lens manufacturers, calculated that total sales of soft contact lenses to eye care professionals (ECP) increased by 13.1 percent year-on-year to €2,079 million last year in the 30 countries researched in 2022. The list includes mostly European countries but also ...
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ArticleGrowth in Europe and RoW offset declining U.S. sales for Safilo in Q1
Safilo Group has reported mixed results for the first quarter of 2023 as revenue increases in Europe and emerging markets were offset by declining sales in North America, the company’s largest market. Operating profits remained stable year-on-year. As shown in our table below, total quarterly revenue reached €287 million, down ...
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ArticleGood year overall for Marcolin but debt cost dampens profitability, sales momentum confirmed in Q1
Following the announcement of its preliminary results at the end of March, the Marcolin group released more detailed information on its performance in the last year during its shareholders’ meeting at the end of last week. The company confirmed a 20.2 percent year-on-year jump in reported revenue to €547.3 million ...
