All articles by Pierre-Marie Bernard
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ZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
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How brick-and-mortar focus and vertical integration are driving JEH profitability
Upgrading its full-year outlook, the Japan-based retail group is now forecasting a 19 percent topline growth and a 31 percent operating margin. We ask JEH’s CFO about the drivers behind the group’s fast growth.
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Bausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
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Sun Hing loss widens in H1 despite solid ODM sales
The Hong Kong-based manufacturer stressed that lower selling prices and keen competition weighed on the profitability of its core ODM unit.
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CooperVision forecasts further market share gains in FY 2025
CooperCompanies has announced a 9 percent year-on-year increase in Q4 revenue to $676.4 million for CooperVision, in line with the growth pace reported for the previous quarter. By category, quarterly sales of toric and multifocal contact lenses grew by 9 percent versus Q4 2023, while spherical contact lenses were up ...
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Eyewa secures $100m cash injection, plans to open 100 new stores in the Middle East next year
Competition in the Middle Eastern optical retail market is going to intensify further as eyewa, the fast-growing direct-to-consumer brand, just announced that it has raised $100 million in a new financing round to accelerate its store network expansion. The round was led by General Atlantic, a global investor with approximately ...
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Volume and price effects propel the French optical market over the €8 billion mark, report says
According to the latest report by the French national research and statistics office (DREES) on healthcare expenses in the country, the French optical market value jumped by 8.0 percent in 2023, topping €8 billion for the first time. It has grown by almost 30 percent since 2023. Optical expenses accounted ...
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MIDO announces upgrades and changes for its 2025 edition
Announced changes pertain to the show layout, its digital tools and conference program.
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Alain Afflelou posts revenue and margin upticks for FY2024 but debt swells further
The Alain Afflelou group has reported a 5.1 percent year-on-year increase in network sales and profitability improvements in fiscal 2024. However, the group’s net debt increased further.
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Solid but slower revenue growth and pressured margins for Synsam in Q3
The leading optical retailer in the Nordics posted a 7 percent revenue increase in Q3, but customer sentiment, competition and an acceleration in its store openings program pressured margins in Q3.
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Zoff first public financial results show double-digit growth pace and higher margins
Reporting its financial results for the first time since its Initial Public Offering (IPO) last month, Japan-based retail group Zoff has announced a 11.8 percent year-on-year hike in revenue to 33.6 billion Japanese yen (€255.5m) for the first nine months of fiscal 2024. For the third quarter alone, total sales ...
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Japan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company. The eyewear show itself was this year again ...
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Mister Spex new management hails rebranding initial results in “transition quarter”
Group revenue was down by 3 percent in Q3 but sales were slightly up in Germany and in the key prescription glasses’ product category.
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Lenskart close to break-even as revenue jumps 43% in FY2024
According to The Economic Times and several other Indian business news organizations, optical retail group Lenskart has reported a 43 percent year-on-year jump in operating revenue to Rs 5,610 crore (€625m) for its 2024 fiscal year, ended at the end of March. The group had roughly doubled its sales in ...
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Thélios to invest in MYKITA
LVMH’s eyewear unit expands its footprint in the eyewear designer segment with a minority stake in the Berlin-based eyewear designer and manufacturer.
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Safilo keeps focus on margins as sales slump persists
Safilo Group’s topline continued to slip in Q3 2024, as quarterly sales went down by 4.1 percent year on year to $225.4 million, weighed down by a stubbornly soft North American business. At constant rates, revenue decreased by 3.4 percent versus 2023, in line with the company’s performance in the ...
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KITS Eyecare reports higher profit ratios and 34% revenue hike for Q3
Full-year revenue forecast at close to 160 million Canadian dollars.
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Marcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up
In line with its previous financial results Marcolin has reported slight profitability improvements for the first nine months of this year despite a continued decline in group sales, mostly related to the Americas market. Revenue in the nine-month period was down by 3.2 percent year over year to €408.0 million, ...
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Solid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
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HOYA Life Care business returns to growth in Q2, confirming IT incident recovery
Hoya Life Care unit sales increased by 2.2 percent at constant rates in fiscal Q2, driven by ophthalmic lenses and contact lenses.