Financial Results – Page 2
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ArticleKering Eyewear outperforms group in both revenue growth and profitability in H1
Kering Eyewear sales in Q2 2024 grew by 3.4 percent year-on-year to €451 million, slowing down from the 6.9 percent growth rate reported for the first quarter of the year. For the first six months of 2024, the eyewear unit of French luxury group Kering reported a 6.0 percent uptick ...
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ArticleFielmann posts double-digit sales increase and higher profit ratios in H1
On the morning of its annual general meeting on July 11, Fielmann Group has reported strong preliminary results for the first half of the current fiscal year. External sales increased by 12 percent year-on-year to €1.1 billion in H1 2024, confirming the double-digit growth already reported for Q1. International ...
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ArticleDouble-digit growth puts Specsavers above the £4 bn annual revenue mark
Publishing its annual business review for its fiscal year ended Feb. 29, 2024, Specsavers has reported group revenue of £4.01 billion, up by 10.3 percent year-on-year at constant exchange rates. This marks a strong improvement from the previous fiscal year when sales were up by 5.6 percent. The performance also ...
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ArticleAfflelou sales up 5 percent in Q3
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales to €229.4 million for the third quarter of its current fiscal year, ended April 30, in line with its growth pace in the previous quarter. For the first nine months of the financial year, sales were up ...
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ArticleIncreased production capacity supports Menicon’s sales growth, weighs on profitability
Menicon has reported a 5.1 percent year-on-year increase in annual revenue to 106.9 billion Japanese yen (€633m) for its vision care division in the fiscal year ended March 31, 2024. The segment accounts for over 90 percent of total group revenue. Including the healthcare and life care unit, whose sales ...
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ArticleMitsui expects return to growth for vision care unit sales in FY 2024
Annual sales of Mitsui Chemicals’ Life & Healthcare Solutions unit, which includes the group’s vision care materials, nonwovens and agrochemicals businesses, increased by 13.5 percent year-on-year to 271.7 billion Japanese yen (€1.6bn) for fiscal 2023, ended on March 31. The division reported an operating margin of 11.0 percent for the ...
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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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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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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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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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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. ...
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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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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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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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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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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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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 ...
