The latest financial results from the key players in the eyewear industry.
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.
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.
Carl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24
Carl Zeiss Meditec has reported revenue of €2,066.1 million for its 2023/24 fiscal year, down by 1.1 percent in reported terms versus 2022/23. In constant currencies and adjusted from the effects of the acquisition of DORC, a company specializing in retinal surgery, total sales declined by 4.8 percent.
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.
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 ...
The Americas and Europe keep driving TOG’s sales growth
The Thai-based lens maker was up by 9.9 percent year-on-year in Q3 2024, driven by the Americas (+38.1 percent) and Europe (+15.8 percent). However, the solid sales momentum since the start of this year has yet to yield profitability improvements.
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.
iVision Tech parent company’s eyewear business sales jump 28% in Q3
Italian eyewear supplier iVision Tech said its parent company posted revenues of €7.6 million in the first nine months of 2024, up by 27.6 percent compared to the year earlier on a like-for-like basis that considers solely its eyewear business.
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.
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 ...