All articles by Pierre-Marie Bernard – Page 8
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ArticleH2 slowdown weigh on INSPECS results for 2022
INSPECS has reported $248.5 million in revenue for 2022 – up by less than 1 percent year-on-year – and reduced profitability, as challenging market conditions, currency headwinds and difficulties at its Norville unit weighed on the U.K.-based group’s business, particularly in the second half of the year. Total sales, however, ...
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ArticleFielmann draws path to 2025 revenue and profit targets
Along with the publication of positive Q1 results (see our other article), Marc Fielmann, CEO of the Fielmann Group, presented yesterday during a press conference the key figures for the retailer’s business in 2022, its outlook for 2023 and an update on its Vision 2025 strategic plan. As already reported ...
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ArticleGerman market inched up in 2022 despite lower eyeglass purchases
The Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released its annual report on the German market for last year. The release was accompanied by a general sense of relief as, after it was feared that the market would fall into recession in the ...
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ArticleFielmann sees 15% topline growth, improved profitability in Q1
The Fielmann Group has reported a solid rebound in revenue for the first quarter of 2023 as sales increased at double-digit rates across all market. The results were presented at a press conference yesterday where Marc Fielmann, CEO, and Alexander Zeiss, CFO, also gave an update on the retailer’s Vision ...
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ArticleMaui Jim integration adds to Kering Eyewear 11% comparable growth for a strong Q1
As expected following the integration of the Maui Jim business into the company’s results since October last year, Kering Eyewear revenue jumped by 44 percent year-on-year in the first quarter of 2023 to €433 million. On a comparable scope basis, the eyewear unit of the French luxury group posted a ...
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ArticleEssilux picks up speed in Q1, progresses on GV integration
After the group reported a relative deceleration in topline growth for the last quarter of 2022 two months ago, EssilorLuxottica has announced a sharp uptick in sales for Q1 2023 with group revenue increasing by 9.7 percent year-on-year to €6,151 million. At constant exchange rates, sales were up by 8.6 ...
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ArticleArts Optical reports flat sales but higher profit ratios
Hong-Kong based eyewear manufacturer Arts Optical has reported flattish revenues, with total sales down by 0.7 percent year-on-year to 1,144 million Hong Kong dollars (€133 m) as progress in the distribution and lens units almost entirely offset declining sales from the key OEM division (see chart). Arts Optical ...
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ArticleEyewear stocks start 2023 on the right foot
Stock prices of eyewear companies were off to a good start of the year, with an average growth of 13 percent on a non-weighted basis in Q1 2023 compared with Q4 2022. It is the first time in more than a year that their average value significantly increased, overperforming the ...
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ArticleMarcolin posts 13% topline growth and stable margins for 2022
Ahead of its shareholders’ meeting in April, the Marcolin group has released positive preliminary results for 2022 that confirmed the Italian group’s topline growth and stable profit ratios despite challenging market conditions. Total revenue went up by 20.1 percent year-on-year to €547 million in reported terms, translating into a 13.2 ...
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ArticleMister Spex counts on upmarket move and cost control to return to profits after mixed 2022
Announcing mixed full year results for 2022 earlier this week, including a relatively weak Q4 performance, Mister Spex stressed that it still gained market share last year in Germany, its core market. The company also underlined improvements in its product mix, with more lenses and high added-value frames, and the ...
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ArticleChange of leadership at opti
Gesellschaft für Handwerkmessen (GmbH), the organizer of opti, has announced the appointment of Cathleen Kabashi as the new director for its Munich-based optical trade show. Kabashi joined GHM in 2007 and worked as trade fair advisor and later director of iba, which the group describes as the world’s leading trade ...
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ArticleA look at MIDO CSE Awards’ RoW winners
During the last edition of the Mido trade show last month, organizers premiered their Certified Sustainable Eyewear Awards (CSE) which were divided in two categories: Europe and the Rest of the World (RoW). As awards winners from Europe are better known to our readers – Neubau Eyewear, Marchon, Modo Eyewear ...
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ArticleKRYS GROUP up 5 % in 2022, announces 2028 plan and targets
Having achieved its Vision 2025 plan targets – €1 billion in network sales and a 2.5-point market share gain – two years ahead schedule, the KRYS GROUP presented a new 5-year strategic plan at its general assembly last weekend. The retailer also communicated its financial results for the fiscal year ...
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ArticleFast-growing Woodys moves to new HQ
Eyewear brand Woodys has announced that it was moving to a new 3,000 square meter headquarters in Vic, near Barcelona. The company stressed that the three-flour office was built with sustainability in mind, notably through the installation of solar panels for energy supply and the use of geothermal energy for ...
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ArticleZEISS Vision Care advocates carefulness over speed in myopia management
ZEISS Vision Care, which has been active in myopia management (MM) clinical research in Asia for over ten years and has been marketing specific lenses in the region since 2011, is launching the category in Europe this spring, a couple of years after its main lens competitors entered the segment ...
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ArticleKubota Glass reports first sales, expands distribution in Japan
Kubota Pharmaceutical Holdings has announced the signature of a distribution agreement for Kubota Glass, its myopia management glasses, with EYETOPIA, a regional chain of optical shops in Japan that will offer the device in some of its roughly 170 Megane Store locations. In December last year, Kubota also opened a ...
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ArticleSafilo targets 4% annual growth pace for 2023-2027
The Safilo Group has confirmed an 11.1 percent year-on-year revenue for 2022 to €1,077 million as already announced in January when the company released its preliminary results, in spite of a strong deceleration in the last quarter of the year. We are focusing in this article on new information provided ...
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ArticleZEISS to accelerate in AR/VR glasses as tooz’ sole owner
ZEISS has announced its full acquisition of tooz technologies, the joint venture that it launched in 2018 together with Deutsche Telekom in order to develop augmented reality (AR) and virtual reality (VR) glasses. By buying the 50 percent share of its telecom partner, ZEISS becomes tooz’ sole owner and the ...
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ArticleMyDay, myopia management keep driving CVI
CooperCompanies has reported a 4 percent year-on-year increase in revenue to $581 million for its CooperVision unit in the first quarter of its fiscal year. In organic terms, sales went up by 10 percent versus Q1 2022 with homogenous growth across all region. The sales’ momentum was driven by daily ...
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ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
