All Eyewear Intelligence articles in Volume 24 No. 15+16
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PDF NewsletterEyewear Intelligence: Vol 24 - No 15+16
EssilorLuxottica maintains sales momentum in Q2, driven by optical portfolio | Specsavers revenue up mid-single digit in 2022/23 | Fielmann launches proprietary online vision check tool, reports good H1 results | National Vision reels as Walmart prepares to end partnership | Life Care unit drives Hoya in Q1 | Kering Eyewear posts 21 % comparable growth in Q2 | Solid half-year performance for Marcolin despite Q2 slowdown | A slow U.S. market and GrandVision exit weigh on Safilo results | Italian OEM group lists on the Milan stock exchange | Italian OEM cluster group surfing on luxury eyewear momentum | Tooz smart eyewear keeps focus on optical engines and scalability | Essilux to address hearing deficiency with glasses | Apple patents adjustable lenses | Micro-display company gets a €21m boost | Silmo Paris adds CSR prize to events portfolio | Lunor sees room for international expansion
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ArticleItalian OEM group lists on the Milan stock exchange
Italian OEM eyewear manufacturer iVision Tech went public at the end of last week, listing its shares on the Euronext Growth Milan stock exchange. The company floated a total of 1,738,500 newly issued shares at an offering price of €1.15 per share for a total consideration of approximately €2 million. ...
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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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ArticleItalian OEM cluster group surfing on luxury eyewear momentum
Venevision, a group of Italian eyewear manufacturing companies in the Dolomites region, has announced that its revenue for the first half of this year reached €39.6 million, increasing by 58 percent year-on-year thanks to a series of acquisitions in the second half of 2022. On a comparable scope, sales were ...
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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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ArticleA slow U.S. market and GrandVision exit weigh on Safilo results
The Safilo Group has reported lackluster results for the second quarter of 2023 as its topline declined by 8.8 percent year-on-year to €263.0 million, or by 6.6 percent at constant exchange rates. On an organic basis, a measurement including only the house brands and ongoing licenses and excluding the Kering ...
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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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ArticleLife Care unit drives Hoya in Q1
HOYA Corporation has announced a 15 percent year-on-year increase in revenue to 127 billion Japanese yen (€811m) for its Life Care division in the first quarter of its new fiscal year. On a constant currency basis, sales were up by 11 percent. The group said that all major products contributed ...
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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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ArticleSolid half-year performance for Marcolin despite Q2 slowdown
The Marcolin group has reported a positive performance for the first half of this year with an high-single digit increase in revenue compared with 2022 and significant margin improvements in spite of a slowdown in Q2 sales. For the second quarter of 2023, the group’s topline inched up by 1.5 ...
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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 ...
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ArticleNational Vision reels as Walmart prepares to end partnership
National Vision shares took a hit in trade on the Nasdaq stock exchange July 27, tumbling 22 percent on the day after the surprise announcement that U.S. retailing giant Walmart has decided to end its long-standing partnership with the optical retailer next year. Walmart’s decision not to renew the partnership ...
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ArticleApple patents adjustable lenses
On July 18 the U.S. Patent and Trademark Office granted Apple a patent – number US 11,703,698 B1 – for “adjustable lens systems.” Source: U.S. patent no. US 11,703,698 B1 As the abstract reads, “eyeglasses may include one or more lenses and control circuitry that adjusts an ...
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News briefs
Opti launches industry trends’ analysis program
Organizers of opti have announced the launch of a new initiative aimed at “providing ophthalmic optics with a basis for identifying relevant trends at an early stage and working towards a succesful future (…).” The Trend Radar, as it has been called, is developed in cooperation with Trendone, an innovation ...
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News briefs
EssilorLuxottica signs perpetual global license with Kodak
EssilorLuxottica and Eastman Kodak Company have announced the signature of a perpetual worldwide license agreement granting the Italo-French group the exclusive right to use the Kodak brand for all products and services connected to its business. The brand has been part of the group’s portfolio of lenses since 2010 and ...
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News briefs
Inspecs up 6 % in H1
The Inspecs Group has announced a 6.0 percent uptick in half-year revenue to £111 million (€129 m) versus the same period last year. On a constant currency basis, sales were up by 2.3 percent. The U.K.-based company added that strong cash generation enabled it to reduce its net debt by ...
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News briefs
Safilo renews three licences
Safilo Group has announced that it has extended until 2027 its partnership with Juicy Couture for the design, production and global distribution of optical frames and sunglasses under the Californian apparel and accessories brand. The Italian-based eyewear company has also renewed until the end of 2028 a similar agreement with ...
