All articles by Pierre-Marie Bernard – Page 9
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ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
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ArticleSynsam keeps growing but adjusts to tougher market
Reporting its results for the fourth quarter of 2022 and the full year, leading Nordic retailer Synsam Group said that its double-digit revenue hike resulted in market share gains in a challenging market environment. The company’s growth pace is however slowing down and profitability declined sharply year-on-year on strong network ...
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ArticleGFK sees French market up 5% in 2022
GFK delivered a mixed picture for the European market during its presentation at the annual conference of the Club Inter-Optiques, a French-based industry association, last Friday. The research company’s data is based on sell-out figures collected at a panel of optical shops in the different countries. As shown in the ...
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ArticleACEP looks abroad for growth
ACEP, the French-based supplier of digital tools and services for optical shops, is accelerating its international development with the opening of a subsidiary in Japan on Jan. 1, Jean-Philippe Sayag, CEO of the company told us in an interview. The company has been operating branches in the U.S. and Spain, ...
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ArticleEssilux to launch new AI-powered Varilux lens
After it skipped the 2022 edition of MIDO, EssilorLuxottica came back in force to the Milan trade show this year with a stand surface of over 1,000 square meters to present its range of frames, lenses and instruments. The group presented, for the first time at the show and in ...
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ArticleNew top management structure to steer MAGRABi's expansion plans
MAGRABi Retail Group, a leading eyewear retailer in the Middle East, has reshuffled its top management structure with several key appointments at the start of 2023, after the company strongly accelerated its investments in both network expansion and vertical integration in the course of last year. Effective Jan. 1, Amin ...
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ArticleMIDO bounces back strongly
MIDO officials expressed their strong satisfaction, tainted with a sense of relief, after the 51st edition of the international eyewear show closed its doors on Feb. 6 with all key metrics on green. The event organizers have announced that 35,000 industry professionals from over 140 countries visited the show this ...
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ArticleANFAO turns focus to costs after exports jumped in 2022
Just a few days ahead of the 2023 edition of MIDO, Italian eyewear industry association ANFAO released preliminary data for 2022 that broadly confirmed the contrasted picture given last December, between booming exports and a flattish domestic market. Production value of Italian eyewear increased by 24.0 percent year-on-year to €5,171 ...
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ArticleInspecs 2022 revenue up 9%
Inspecs Group has just released a trading update for its business in 2022, in line with the previous update announced in October and showing signs of improvements that sent the group’s share price up by more than 40 percent on the day of the announcement. At 94 pence now, the ...
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ArticleGood 2022 results for Safilo, but Longarone plant’s future uncertain
While showing positive results for 2022, with increases in both revenue and margins, the statement released by the Safilo Group yesterday (Jan. 26) raised concerns about the future of its Longarone plant and its 500 employees. In the opening remarks of its financial announcement, Safilo said that its board of ...
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ArticleSynsam details roadmap to mid-term financial targets
During its Capital Markets Day held on Jan. 30 at one of its flaship store in Stockholm, Nordics’ leading retailer Synsam Group confirmed its medium-term financial targets and disclosed more information and figures on how it would achieve them. The presentation took place as the group’s share price lost about ...
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ArticleTop management changes at Rodenstock Group
The Rodenstock Group successively announced in the last two days the appointment of a new CEO for the group and of a new general manager for its optoVision subsidiary. Following the decision of current CEO Anders Hedegaard to step down, Rodenstock has appointed Marcus Desimoni to replace him, effective Feb. ...
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ArticleGerman optical associations release new market data at opti
Ahead of the opening of the opti trade show in Munich today, industry association Spectaris announced that, based on its preliminary calculations, sales from German-based suppliers of ophthalmic optics and consumer optics reached a total of €4.87 million for 2022, up by 2.5 percent from 2021. The growth was entirely ...
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ArticleProduct carbon footprint, circularity and 3D print on Ace & Tate sustainability agenda
Dutch-based eyewear brand Ace & Tate will launch its first 3D-printed collection with a short range of sports glasses, we learned in an interview with Femme van Gils, sustainability manager, and Sean Peron, vice president of marketing and brand. The collection will be based on Arkema’s Polyamide 11, a polymer ...
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ArticleIndustry top 5 average stocks' value up 11 % in Q4
Stock prices of public companies in the eyewear sector have confirmed their recovery in the last quarter of 2022, as the average value inched up by 0.3 percent in the period on a non-weighted basis. It is the first time that our quarterly chart shows an improvement in average value ...
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ArticleSpecsavers owners place company in family trust
Specsavers’ owners and co-founders Dame Mary Perkins and her husband Doug have announced that they had placed the company in a family trust in order to protect it from a potential acquisition by private equity funds in the future. “We are coming up to our 80th birthdays so we have ...
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ArticleA look at the year ahead
A year ago, things were looking brighter, or so it seemed, and one could have described the general eyewear industry mood as “cautiously optimistic.” After the initial COVID-19 shock in 2020, business conditions progressively returned to normal in all main optical markets, to the exception of China and other Asian ...
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ArticleMeta acquires 3D-printed ophthalmic lens company Luxexcel
Meta, the parent company of Facebook and Instagram, has discretely acquired Luxexcel, the supplier of 3D-printed prescription lenses, at the end of last year in a strategic move certainly aimed at enhancing the tech giant’s virtual reality (VR) portfolio. No official announcement was released by Meta but the investment, which ...
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ArticleAfflelou up 2.1% in Q1 with return to growth in France
The Afflelou group has posted a 2.1 percent year-on-year increase in network sales to €213 million for the first quarter of its 2022 financial year, ended on Oct. 31, with growth in all its markets in spite of the troubled macroeconomic environment. On a like-for-like basis, sales were up by ...
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ArticleFielmann expands Spanish business with new acquisition
The Fielmann Group is strengthening its presence in the Spanish market through the full acquisition of the retail, wholesale and manufacturing businesses of MFI Group, a leading optical and hearing-aid supplier in northern Spain. The transaction will be completed on Dec. 31, 2022. The investment comes after the takeover in ...
