All articles by Pierre-Marie Bernard – Page 5

  • De Rigo logo
    Article

    Double digit revenue growth and enhanced mix yielded higher profitability for De Rigo in 2023

    20 May 2024

    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 ...

  • Synsam
    Article

    Synsam Group driven by Sweden and subscription plans in Q1

    20 May 2024

    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 ...

  • Rodenstock_
    Article

    Stable revenue and margins for Rodenstock in 2023

    20 May 2024

    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. ...

  • Zeiss
    Article

    ZEISS Consumer Markets segment up 5% in H1

    17 May 2024

    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 ...

  • HOYA_LOGO_LOCK_UP_BLUE_CMYK
    Article

    Hoya reports 3% lenses revenue growth in Q4, expects flattish sales in 2024 following cyberattack

    15 May 2024

    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 ...

  • Marcolin Headquarters
    Article

    Marcolin posts higher margins on lower sales in Q1, discloses more details on fiscal 2023 ​

    10 May 2024

    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 ...

  • Mister_Spex_Q1
    Article

    Mixed Q1 results for Mister Spex as sales of prescription glasses decline slightly

    9 May 2024

    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). ...

  • Safilo
    Article

    Safilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline

    8 May 2024

    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 ...

  • Logo_iF_DesignAward2024_RGB
    Article

    Thirteen eyewear frames received an IF DESIGN 2024 award

    7 May 2024

    IF Design Foundation (IF), the German-based organization behind the international IF DESIGN AWARDS has released the list of award winners for 2024, ahead of the ceremony scheduled for April 29 in Berlin. The IF jury reviews designs submitted by companies across nine disciplines (product, packaging, communication, …) and 81 product ...

  • Fielmann
    Article

    Fielmann banks on US business and vision care services for mid-term growth

    1 May 2024

    The final annual results for fiscal 2023 released yesterday by Fielmann Group confirm all preliminary results announced in February, notably the double-digit increase in external sales and consolidated sales versus 2022 and a significant rebound in profitability (see table below). Please refer to our previous report for more details on ...

  • Fielmann
    Article

    Fielmann sales up double digit in Q1 as US business integration offset European slowdown

    30 April 2024

    Along with its complete annual results for fiscal 2023, on which we will report in a separate article, Fielmann Group has announced a 10.8 percent year-on-year increase in Q1 consolidated sales to €529.1 million. Ebitda margin for the quarter remained stable versus Q1 2023, at 21.7 percent. ...

  • OBE Vietnam _ (002)
    Article

    Hinge specialist OBE Präzision adds Vietnam to industrial base, invests in smart eyewear and 3D printing

    29 April 2024

    On the heels of the group’s investment in Italy, where it acquired OMM, a supplier of metal components for high-end eyewear manufacturers, we sat down with Erik Schäfer, CEO of OBE Holdings, mother company of hinge specialist OBE Präzision. “As a supplier of key components to the eyewear industry, ...

  • 390601-20210414 Hans Anders Utrecht Hoog Catharijne 004-141a99-original-1620647704
    Article

    New owner for Nexeye retail group

    26 April 2024

    Global investment firm KKR will become the new majority shareholder of Nexeye, the Dutch-based retail group operating the Hans Anders, Eyes + More and Direkt Optik chains, acquiring it from 3i, another investment fund that owned the company since 2017. The agreement is subject to regulatory approval, but it does ...

  • Kering
    Article

    Kering Eyewear stands out with 8% Q1 revenue hike as group topline slips

    24 April 2024

    As in the last quarter of 2023, Kering Eyewear was the only business unit of French luxury group Kering that reported a revenue increase in Q1 2024 as reported sales of optical frames and sunglasses rose by 7 percent year-on-year to €463 million. On a comparable currency basis, Kering ...

  • EssilorLuxottica logo
    Article

    US sun business sole exception to EssilorLuxottica’s smooth sailing in Q1

    19 April 2024

    EssilorLuxottica remained on a smooth sailing trajectory in the start of 2024 as the group reported a 3.0 percent year-on-year increase in Q1 revenue to €6,335 million. At constant rates, sales progressed by 5.5 percent versus 2022, decelerating slightly from Q4 2023 (+7.1 percent) but remaining in line with the ...

  • Inspecs
    Article

    Inspecs posts flattish 2023 sales after Q4 drop, but profit ratios improved

    19 April 2024

    UK-based Inspecs Group has reported a 1.2 percent increase in annual revenue to £203.3 million (€237.4m) for fiscal 2023, corresponding to a topline flat performance at constant exchange rates, after the company’s business slowed down sharply in the last months of the year. However, the company managed to report significant ...

  • Vuzix
    Article

    Vuzix losses pile up as AR smart glasses take-off takes its time

    17 April 2024

    After a last-minute postponement at the end of March of its annual results presentation, smart eyewear manufacturer Vuzix reported earlier this week a severe drop in Q4 revenue and a significant increase in losses for fiscal 2023. While the management stressed that investments in manufacturing and product development have led ...

  • FLO Materials 1
    Article

    US startup picks eyewear market as launch pad for infinitely recyclable plastic material

    17 April 2024

    As the world is grappling with an ever-growing amount of plastic waste, of which less than 10 percent is being recycled, our attention was brought to a California-based chemical start-up that claims it can produce an infinitely recyclable alternative material to high performance plastics. And, somewhat surprisingly for such a ...

  • stock-2463798_1920
    Article

    Slight average eyewear stocks price hike in Q1 reflects extreme ups and downs

    12 April 2024

    The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...

  • HOYA_LOGO_LOCK_UP_BLUE_CMYK
    Article

    Hoya production and order systems greatly affected by cyberattack

    5 April 2024

    Please click here for the most recent update on this news. Hoya Corporation announced on April 4 that, following the discovery on March 30 of an IT system failure at one of its overseas subsidiaries, some of the group’s production plants and order systems for several products had been ...