The latest financial results from the key players in the eyewear industry.
Hakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
Price reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
Japanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
Inspecs topline down 5% in H1, rebound expected in H2
Confirming its previous guidance on a business slowdown in the first half of this year, INSPECS Group has announced that its H1 revenue declined by 7.3 percent year-on-year to £103.0 million (€122m). At constant exchange rates, sales were down by 5.2 percent versus H1 2023.
Specsavers profitability keeps declining
Specsavers has seen its profitability decline again in fiscal 2023/24, with its operating margin sliding below the 10 percent mark for the second consecutive year.
Conant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
US business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
CooperVision upgrades FY outlook again as topline momentum continues
CooperCompanies has upgraded its fiscal 2024 financial outlook for its CooperVision business unit following a second consecutive quarter of double-digit organic revenue growth.
Fast-growing Thai Optical Group to increase RX capacity by 25%
Lens manufacturer Thai Optical Group is planning significant investments in RX lenses production capacity increase as the segment revenue increased by 50 percent in H1 2024, driven by the Americas and Europe.
Synsam posts record earnings in Q2
Nordics optical retail leader group Synsam has posted record earnings on a return to double-digit revenue growth for Q2 2024, driven by fast-growing eyeglasses and contact lenses’ subscriptions.