Financial Results – Page 18
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Article
Higher sales and profits for Synsam
The Synsam Group reached a turnover of 3,741 million Swedish kronor (€350.7m-$387.4m) last year, up from SEK 3,380 million in 2018. The adjusted operating profit amounted to SEK 984 million (€92.3m-$101.9m) a big increase from SEK 643 million in the previous year. In addition to the opening of new ...
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Article
Hoya reports a squeeze in segment sales and profits
The results of Hoya Corp. for the third quarter ended on Dec. 31 were negatively impacted by the expected increase in the sales tax in Japan, which had increased purchases in the previous quarter. In particular, sales of contact lenses and eyeglass lenses declined in the country, affecting also the ...
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Article
Alcon’s first year after Novartis spin-off is a success
Alcon reported total sales of $7,362 million for the full year 2019, an increase of 3 percent on a reported basis and 5 percent in constant currencies. The management said that 2019 was a good year for the company, as it completed its spin-off from Novartis to become an ...
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Article
Lawsuit widens Bausch Health’s net loss in Q4
Bausch Health reported a net loss of $1,516 million for the fourth quarter, compared with a net loss of $344 million for the year-ago period. The management blamed mainly the accrual of legal reserves established for the resolution of a so-called “stock drop” litigation in the U.S. linked to the ...
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Article
EssilorLuxottica posts strong sales and profits for 2019
In 2019, the first full year in which Essilor and Luxottica were part of the same company, EssilorLuxottica – alias Essilux – enjoyed a 7.4 percent jump in revenues to €17.390 million on a pro-forma basis. In constant currencies, they grew by 4.4 percent. One of the highlights was a ...
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Article
CooperVision grows by 4% in Q1
CooperVision’s sales went up by 3 percent to $485.2 million in the first quarter of Cooper Companies’ financial year, which ended on Jan. 31, and its gross margin improved by 0.5 percentage points to 66.5 percent. Sales of toric lenses rose by 6 percent to $155.1 million, multifocal lenses ...
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Article
Safilo continues to produce despite harsher lockdown measures
As its core business consists of making “medical devices,” Safilo has continued manufacturing both prescription frames and sunglasses in Italy despite harsher governmental regulations for the lockdown of non-essential activities in the country to stop the propagation of the Covid-19 virus. We could not determine at press time how many ...
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Article
GrandVision issues profit warning due to Covid-19
Because of the Covid-19 pandemic, GrandVision (GV) no longer expects this year to achieve its medium-term objectives of an annual growth of at least 5 percent in revenue and Ebita. It noted that the business environment remains uncertain but the company is confident that it will complete its takeover by ...
