All Eyewear Intelligence articles in Volume 25 No. 11+12
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PDF NewsletterEyewear Intelligence: Vol 25 - No 11+12
German optical market slightly positive in 2023 despite declining volumes | Hoya reports 3% lens-revenue growth in Q4, expects flattish sales in 2024 following cyberattack | ZEISS Consumer Markets segment up 5% in H1 | ZEISS Vision Care publishes results of myopia control research on Asian and Caucasian children | Stable revenue and margins for Rodenstock in 2023 | Safilo Q1 revenues inch down as momentum in Europe fails to fully offset North American decline | Marcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023 | Double-digit revenue growth and enhanced mix yielded higher profitability for De Rigo in 2023 | Synsam Group driven by Sweden and subscription plans in Q1 | Mixed Q1 results for Mister Spex as sales of prescription glasses decline slightly | Walgreens hoping to divest Boots in the UK | Warby Parker raises guidance after sales jump 16% in Q1 | National Vision accelerates remote eye exams following tepid Q1 comparable sales growth | Vision Council switches 2024 US market forecast to “growth” after positive Q1 | CVI upgrades outlook again as increased capacity kicks in | Price hikes and sunglasses drove Paris Miki’s growth in FY 03/2024 | Topcon looks outside the core ophthalmic sector | Topcon topline driven by “blossoming” Screening Business and currencies | Carl Zeiss Meditec revenue and margins down in H1 | Arts Optical posts 5% annual revenue growth on OEM business rebound in H2
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News briefs
Marchon signs eyewear license with Brazilian fashion brand
Marchon Eyewear has announced the signature of a new eyewear license agreement with Reserva, a menswear brand of the AR&Co Group. The license includes the design, production and distribution of ophthalmic glasses and sunglasses under the Reserva brand name in Brasil. The first collection, which will include a mix of ...
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ArticleCVI upgrades outlook again as increased capacity kicks in
CooperCompanies has upgraded again its full-year outlook after the solid performance of its CooperVision (CVI) unit in the second quarter of fiscal 2024 ended April 30. Quarterly sales of contact lenses increased by 8 percent year-on-year to $635.9 million. On a constant-currency basis, they were up by 10 percent, returning ...
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ArticleTopcon topline driven by “blossoming” Screening Business and currencies
Revenues from Topcon eye care business unit jumped by 19.3 percent year-on-year to 21.0 billion Japanese yen (€118m) in the last quarter of the group’s fiscal year ended March 31, 2024. The strong Q4 momentum enabled the division to post record revenue for the full year, as the topline reached ...
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ArticleArts Optical posts 5% annual revenue growth on OEM business rebound in H2
Arts Optical has reported a 4.5 percent year-on-year increase in revenue to 1,196 million Hong Kong dollars (€141m) for fiscal 2023, accelerating from the 2.4 percent growth reported for the first half of the year. The annual revenue hike was driven by the rebound in the group’s Original Design Manufacturing ...
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News briefs
GVO Optics partners with WestGroupe
GVO Optics (GVO), the Spanish-based children and sports eyewear specialist, is partnering with WestGroupe for the exclusive distribution of its Nano Vista and BFlex in the US and Canada, effective August 1, 2024.The brands were previously distributed by Alternative & Plan B Eyewear. According to GVO, Nano Vista is ...
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News briefs
iVision Tech buys 51% of Teknoema
Italian eyewear supplier iVision Tech has acquired a 51 percent stake in Teknoema Srl, an Italian company specialized in the electronics manufacturing services (EMS) market that develops custom electronic boards and equipment, for €1.02 million. iVision Tech said the acquisition will bolster iSee, its smart glasses project for vision-impaired ...
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ArticleVision Council switches 2024 US market forecast to “growth” after positive Q1
The Vision Council has improved its total US optical market value forecast for 2024 after its Market Insights Q1 2024 report showed increased spending and a higher number of eye exams by US consumers since the start of this year. The optical industry association is now expecting a 0.68 percent ...
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News briefs
ZEISS business units reshuffle to provide more clarity on vision care performance
ZEISS Group has announced that it would launch a new strategic business unit, ZEISS Photonics & Optics, effective from its next fiscal year starting Oct. 1, 2024. The new division will include businesses previously included in the group’s Consumer Markets segment (cinematography, mobile imaging, photo, and the optics business for ...
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News briefs
Spectaris concerned by German medical technology industry's profitability
According to Germany’s Federal Statistical Office data relayed by SPECTARIS, the country’s industry association for optics, photonics, analytical and medical technologies, sales of the German medical technology industry rose by 5.1 percent year-on-year to €40.4 billion in 2023. The increase was driven by exports, whose value went up by approximately ...
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ArticleZEISS Vision Care publishes results of myopia control research on Asian and Caucasian children
ZEISS Vision Care announced at the annual meeting of the Association for Research in Vision and Ophthalmology (ARVO) the results of its latest research on the benefits of MyoCare, its myopia control lenses, for Asian and Caucasian children. 240 Chinese children and 304 Caucasian children in Spain and Portugal, all ...
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ArticleWalgreens hoping to divest Boots in the UK
Walgreens Boots Alliance (WBA) is once again looking to sell off its drugstores in the UK, “according to people familiar with the matter,” as Bloomberg reports. There are as yet no formal proceedings, and WBA has declined our invitation to comment on the sale. The original merger between Walgreens and ...
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News briefs
Silmo Singapore second edition draws in 2,000 visitors
SILMO Singapore, the trade show organized by SILMO International and MP Singapore, held its second edition from April 24 to 26 at the Suntec Singapore Exhibition and Convention Centre. Organizers have announced that over 250 international and local brands welcomed nearly 2,000 visitors during the three days of the show, ...
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News briefs
Hoya Vision Care partners with EAOO on optometry education
HOYA Vision Care has announced the launch of a new partnership with the European Academy of Optometry and Optics (EAOO). The objective of the agreement is to provide educational contents in the field of optometry and myopia management to EAOO members but also to non-members in some cases. The collaboration ...
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News briefs
WOF 2024 attracts 20,000 visitors
Organizers of the 22nd edition of the China Wenzhou International Optics Fair (WOF) have announced that over 700 exhibitors and 20,000 visitiors, including 2,000 overseas buyers, took part in the 22nd edition of the show from May 10 to 12 at the Wenzhou International Convention and Exhibition Center. This marks ...
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ArticleGerman optical market slightly positive in 2023 despite declining volumes
The German optical retail market value increased by 1.4 percent year-on-year to €6,763 million including VAT in 2023 according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are publishing in this article a short selection of the data ...
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ArticlePrice hikes and sunglasses drove Paris Miki’s growth in FY 03/2024
Paris Miki Holdings has reported group revenue of 12,003 million Japanese yen (€71m) for the last quarter of its financial year, ended on March 31, 2024, up by 5.3 percent year-on-year and accelerating from the 2.6 percent growth reported for Q3. Sales in Japan increased up by 4.2 percent to ...
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ArticleDouble digit revenue growth and enhanced mix yielded higher profitability for De Rigo in 2023
De Rigo Group has broadly confirmed the preliminary results for 2023 shared with us at the Mido show in February (see our article) and added more details on regional and segment performances as well as on overall profitability. Total revenue increased by 11.8 percent year-on-year to €506.1 million ...
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ArticleSynsam Group driven by Sweden and subscription plans in Q1
Synsam Group has reported a 7.8 percent year-on-year increase in Q1 revenue to 1,521 million Swedish crowns (€130.6m), in line with the growth pace reported for fiscal 2023. On an organic basis, sales in the first quarter of 2024 increased by 7.7 percent. Sales of Synsam Lifestyle subscription ...
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ArticleStable revenue and margins for Rodenstock in 2023
Rodenstock Group has announced annual sales of €506.1 million for fiscal 2023, up by 0.2 percent compared with FY 2022. Profitability was also relatively stable with €122.3 million in adjusted Ebitda, a €0.3 million year-on-year increase. The company underscored that the performance was achieved despite continued inflationary headwinds. ...
