All Eyewear Intelligence articles in Volume 25 No. 11+12 – Page 2
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News briefs
ECOO adds two new members
The European Council of Optometry and Optics (ECOO), the umbrella organization for European eye care professionals’ (ECPs) national associations, has announced that two new members were joining its ranks. The two new members are the Fédération Nationale des Opticiens de France (FNOF) and the Panhellenic Union of Opticians and Optometrists ...
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ArticleZEISS Consumer Markets segment up 5% in H1
ZEISS Group has announced that its revenue rose by 10 percent year-on-year to €5,304 million for the first half of the fiscal year ended on March 31, 2024, slowing down from the 15 percent growth reported for the last fiscal year. The group stressed that it could maintain a double-digit ...
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News briefs
Nexeye acquired for less than €500 million, 3i annual results show
As reported at the end of last month, global investment firm KKR will acquire Nexeye, which runs the Hans Anders, Eyes + More and Direkt Optik retail chains, from 3i, another financial investor that owned the company since 2017. In its financial results for FY2024, ended March 31, 2024, 3i ...
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News briefs
Alcon Q1 contact lens sales rise 9%
Alcon generated sales of contact lenses of $671 million in the first quarter of 2024, up by a reported nine percent compared to the year earlier, as the company highlighted price increases and product innovation, including in its toric and multifocal modalities. These factors were partially offset by currency headwinds, ...
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News briefs
New president for UK’s ABDO
The Association of British Dispensing Opticians (ABDO) has announced that Kevin Gutsell, a longtime board member of the association, has become its new president, succeeding Daryl Newsome who held the position for the last two years. Gutsell qualified as a dispensing optician in 1987 and, after a decade working in ...
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News briefs
iVision Tech sales rise 10% in Q1
Italian eyewear supplier iVision Tech generated sales of €2.44 million in the first quarter of 2024, up by 9.9 percent compared to the year earlier, while the total value of production grew by 22.9 percent to €3.23 million. First-quarter Ebitda grew by 10.4 percent to €0.51 million. Net financial debt ...
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News briefs
TOG aims for double-digit revenue growth and entry into new markets in 2024
Thai Optical Group has reported a 23 percent year-on-year increase in revenue to 889 million Thai Baht (€22.4m) for the first quarter of 2024. The topline momentum was driven by the Americas (+41 percent) and the Asia-Pacific (+37 percent) regions while Europe was flattish (+1 percent) and Australia/New Zealand slightly ...
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ArticleHoya reports 3% lenses revenue growth in Q4, expects flattish sales in 2024 following cyberattack
Hoya Corporation has announced a 13 percent year-on-year increase in health care sales – a division including eyeglass lenses and contact lenses – to 103 billion Japanese yen (€608.8m) in the last quarter of its fiscal 2023 year ended on March 31, 2024. Eliminating the effect of strong currency tailwinds ...
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ArticleTopcon looks outside the core ophthalmic sector
Topcon Healthcare Inc. (THI) is developing something it calls Healthcare from the Eye, establishing for the purpose a partnership with Microsoft in February. The initiative steams from a strategy the Japanese firm laid out when releasing its figures for fiscal 2022, ended on March 31, 2023. As we then reported, ...
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ArticleWarby Parker raises guidance after sales jump 16% in Q1
Warby Parker raised its full year earnings and sales guidance after posting a strong showing in the first quarter of 2024, with revenues during the period jumping by 16.3 percent to $200.0 million and topping guidance for 13.7-14.6 percent growth. “Over the last couple of years, in spite of challenging ...
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News briefs
Fielmann expands global supply chain top management with new appointment
Pascal Elsener, formerly president of EMEA and India at Satisloh, has been appointed as vice president of global supply chain at Fielmann Group. The German-based retail group said that the position was a newly created role as part of the ongoing transformation of its manufacturing and logistics organization. Elsener ...
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News briefs
Zeiss expands Innovation Hub in Dresden
ZEISS announced that it was expanding its Innovation Hub located in Dresden, Germany, during an opening ceremony last week. The group’s Innovation Hub’s twelve employees will share the 700 square meter site with teams from ZEISS Microscopy. The aim of the Dresden Innovation Hub team is to identify new technologies, ...
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ArticleNational Vision accelerates remote eye exams following tepid Q1 comparable sales growth
U.S. optical retailer National Vision said that revenues from continuing operations in the first quarter of 2024 increased by 4.2 percent compared to the year earlier to reach $542.5 million. Comparable store sales growth was 1.4 percent and adjusted comparable sales growth just 0.4 percent, driven by growth in its ...
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News briefs
Ongoing investment talks reportedly value Lenskart at $5 billion
Temasek and Fidelity, two private equity funds are close to invest $200 million in Lenskart through a secondary share transaction that would value the Indian-based optical retail group at approximately $5 bn, The Economic Times reports. Singapore-based Temasek already owns an estimated 5 percent share in Lenskart but US-based Fidelity ...
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News briefs
Vuzix losses stabilize in Q2 despite 50 percent revenue drop
Smart eyewear manufacturer Vuzix has reported a 52.2 percent year-on-year decrease in total revenue for Q1 2024, mostly due to a drop in product sales and in particular the company’s M400 smart glasses. However, sharp reductions in R&D investments, marketing and administrative expenses resulted in the stabilization of the group’s ...
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News briefsRecord sales and positive net income during Q1 at Kits
First-quarter revenues attained a record $34.8 million at Kits Eyecare, rising 26 percent from the $27.7 million of Q1 2023. The Canadian firm ascribes the rise to “strong repeat customer revenue in both contact lens and eyeglasses, higher average order value and a growth in repeat eyeglass customers.” Gross profit ...
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ArticleMarcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023
Marcolin has announced mixed results for the first quarter of 2024, delivering higher profitability despite declining revenue. Total Q1 sales went down by 4.4 percent year-on-year to €145.6 million. On a constant currency basis, they declined by 3.8 percent. The group underscored that, on a like-for-like brands portfolio basis, the ...
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ArticleMixed Q1 results for Mister Spex as sales of prescription glasses decline slightly
Mister Spex revenue inched up by 2.0 percent year-on-year to €51.1 million for the first quarter of 2024, decelerating strongly from Q4 2024 when it grew by 7.4 percent. The mid-single digit growth in Germany was insufficient to fully offset a sharp drop in international sales (see table below). ...
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News briefs
Safilo's Iberia and Greece manager responsibilities expanded to France and Benelux
Safilo Group has announced the promotion of Pedro Rubio Hidalgo to the position of senior commercial head for Iberia, Greece, France and Benelux. Rubio Hidalgo joined the group in 2014 as general manager for Spain and Portugal and the scope of his responsabilities was expanded to include Greece in 2019. ...
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ArticleSafilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline
As anticipated by the company’s management in previous announcements, Safilo Group has posted lackluster results for the first quarter of 2024 with revenue declining by 3.5 percent year-on-year to €277.2 million. At constant rates, the topline was down by 1.7 percent marking a trend reversal from Q4 2023 when it ...
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