fbpx

Essilor Delivers Strong Second Quarter Growth

Consolidated revenue reached €3,726 million in the first half of 2018, an increase of 4.4% at constant exchange rates including 4.0% in like-for-like terms.

Revenue growth of 4.1% in constant currency at the Lenses & Optical Instruments division, highlighted by the success of new branded lenses, notably Varilux® X series in the United States, Crizal® Sapphire 360° in the United States and in Europe and EyezenTM around the world.

Transitions sales through their own networks grew at 6%, and the Sunglasses and Readers division grew at 8%.

Commenting on these results, Hubert Sagnières, Chairman and Chief Executive Officer of Essilor, said: “Essilor delivered solid results in all regions and divisions in the first half of 2018, while at the same time preparing for its proposed combination with Luxottica. This performance reflects the mobilization of our teams around a powerful and unique mission: “Improving lives by improving sight”. This translates into a clear growth strategy with an aim to improve and protect the vision of more than 7 billion people around the world with solutions for consumers with any level of means. Our innovations are particularly appreciated in many countries where needs remain significant, from the United States and China to Brazil and elsewhere. This allows us to continue investing more in the future well-being of populations, and increases our confidence in the future.”

Click HERE for the full report.

Micro Sunnies for Summer

Etnia Barcelona introduces the concept of a micro pair of glasses with warm-coloured lenses that are either soft tinted or midnight. The Carytown style features a very trendy retro-futuristic flair. Mineral lenses come in pink, blue and orangish for metal frames that have been reduced in size with an anatomical bridge without nose pads. www.etniabarcelona.com

Hoya Announces Increased Revenue in First Quarter

HOYA announced financial results for the first quarter ended June 30, 2018. During the quarter, revenue increased 9.2% year on year, reaching 138,891 million yen ($1.6 billion CAD). Profit before tax amounted to $422 million, representing a year on year increase of 15.1%.

Sales of eyeglass lenses rose due to growth in Asia and the Americas, combined with the acquisition of Performance Optics. New store openings of Eyecity contact lens specialty stores resulted in higher sales for contact lenses.

Overall, the Life Care segment grew 10.1% year on year. “Profit margin of the Life Care segment reached 19% this quarter and is in line with our expectations for annual margin of 20%,” said Hiroshi Suzuki, chief executive officer of HOYA. “We continue to remain committed to the target margin while investing in the growth opportunities.”

Click HERE for the full report.

The Chemistry of How Blue Light Accelerates AMD

Chemists at the University of Toledo say they have found the mechanism that explains how blue light from digital devices can transform retinal molecules into harmful forms that lead to age-related macular degeneration.

“We are being exposed to blue light continuously, and the eye’s cornea and lens cannot block or reflect it,” Dr. Ajith Karunarathne, assistant professor in the UT Department of Chemistry and Biochemistry, said. “It’s no secret that blue light harms our vision by damaging the eye’s retina. Our experiments explain how this happens, and we hope this leads to therapies that slow macular degeneration, such as a new kind of eye drop.”

According to the paper published in the July edition of Scientific Reports, the culprit is a photoreceptor chromophore called 11-cis retinal (11CR). Upon exposure to blue light 11CR transforms to all-trans retinal (ATR).

When exposed to blue light, 11CR and ATR bind to and disrupts the membrane bound phospholipid named PIP2, eventually leading to cell death. The presence of 11CR on its own did not cause any cell death, nor did exposure to blue light without the presence of 11CR/ATR, but blue light in combination with the chemicals did lead to cell death.

“It’s toxic. If you shine blue light on retinal, the retinal kills photoreceptor cells as the signaling molecule on the membrane dissolves,” Kasun Ratnayake, a PhD student researcher working in Karunarathne’s cellular photo chemistry group, said. “Photoreceptor cells do not regenerate in the eye. When they’re dead, they’re dead for good.”

The news isn’t all bad, however. Alpha tocopherol, a natural antioxidant, can prevent the cells from dying. But as people age they produce less of this antioxidant and our eyes lose this natural protection.

Karunarathne advises that people should wear UV and blue light filtering sunglasses while outdoors, and avoid looking at digital devices in the dark.

*pictured in the image above: Dr. Ajith Karunarathne

New Look Reports Record Results for Second Quarter of 2018

New Look Vision Group reported in their latest financial results that revenues reached a record $77.2 million high for the period, an increase of 39.5%.

The revenue increase was mainly due to the previously announced acquisition of Iris, as well as comparable stores sales growth of 2.6% over the same period last year. As a percentage of revenues, adjusted EBITDA in the second quarter increased to 19.8% from 19.7% for the same period last year.

Net earnings attributed to shareholders were $4.0 million, compared to $2.6 million last year, the increase being mainly due to a higher EBITDA, offset by depreciation, financial expenses, and income taxes.

Antoine Amiel, the President and CEO of New Look Vision, stated that: “The record second quarter ended with strong financial and operating results and progress toward our deleveraging goals. While overall results benefited significantly from the Iris acquisition, Q2 is the 16th consecutive quarter of comparable store sales growth. Entering the second half of the year, we maintain our unwavering focus on integration efforts and strengthening our position in the consolidating Canadian retail optical industry.”

When adjusted for acquisition-related costs and other non-comparable costs, Adjusted cash flows from operating activities were $14.6 million, an increase of 35.4% over the same period last year.

Click HERE for the full press release.

Featured Posts

Canadian Association of Optometrists logo

CAO Appoints Joelle Walker as New CEO, Effective January 2026

The Canadian Association of Optometrists has appointed Joelle Walker as its new CEO, effective January 2026, succeeding François Couillard after more than 40 years of leadership.

Learn More
World Council of Optometry

ECPs Share How they Use the WCO Alcon Dry Eye Wheel in New Video

The World Council of Optometry and Alcon have released a new video featuring eye care professionals from around the world sharing how they use the Dry Eye Wheel to support dry eye diagnosis, education, and management.

Read more
Optik Voilàs November-December 2025- COS Silhouette SPX_Illusion_2978_5530

SPX Illusion 2025: Lightness Meets Bold Style

Silhouette unveils SPX Illusion 2025, featuring two new lightweight shapes— including a striking geometric design—offered in five trend-forward colors like Canary Green Havana and Smokey Blossom. A refined, featherlight way to express personal style with elegance.

Read more
EssilorLuxottica

EssilorLuxottica Expands Ophthalmology Footprint with Acquisition of Signifeye

EssilorLuxottica will acquire Signifeye, adding 15 Belgian clinics to its growing ophthalmology network and strengthening its integrated medical eye-care strategy.

Read more
Centre for Ocular Research & Education (CORE)

CORE Summarizes TFOS DEWS III Reports to Boost Dry Eye Knowledge

CORE has published issue 87 of Contact Lens Update, summarizing key findings from the TFOS DEWS III dry eye reports. Expert-authored content and downloadable PDFs provide clinicians with practical guidance on diagnosis, management, and evolving best practices.

Read more
Canadian Association of Optometrists logo

CAO Appoints Joelle Walker as New CEO, Effective January 2026

The Canadian Association of Optometrists has appointed Joelle Walker as its new CEO, effective January 2026, succeeding François Couillard after more than 40 years of leadership.

Learn More
World Council of Optometry

ECPs Share How they Use the WCO Alcon Dry Eye Wheel in New Video

The World Council of Optometry and Alcon have released a new video featuring eye care professionals from around the world sharing how they use the Dry Eye Wheel to support dry eye diagnosis, education, and management.

Read More
Optik Voilàs November-December 2025- COS Silhouette SPX_Illusion_2978_5530

SPX Illusion 2025: Lightness Meets Bold Style

Silhouette unveils SPX Illusion 2025, featuring two new lightweight shapes— including a striking geometric design—offered in five trend-forward colors like Canary Green Havana and Smokey Blossom. A refined, featherlight way to express personal style with elegance.

Read More
EssilorLuxottica

EssilorLuxottica Expands Ophthalmology Footprint with Acquisition of Signifeye

EssilorLuxottica will acquire Signifeye, adding 15 Belgian clinics to its growing ophthalmology network and strengthening its integrated medical eye-care strategy.

Read More
Centre for Ocular Research & Education (CORE)

CORE Summarizes TFOS DEWS III Reports to Boost Dry Eye Knowledge

CORE has published issue 87 of Contact Lens Update, summarizing key findings from the TFOS DEWS III dry eye reports. Expert-authored content and downloadable PDFs provide clinicians with practical guidance on diagnosis, management, and evolving best practices.

Read More
Canadian Association of Optometrists logo

CAO Appoints Joelle Walker as New CEO, Effective January 2026

The Canadian Association of Optometrists has appointed Joelle Walker as its new CEO, effective January 2026, succeeding François Couillard after more than 40 years of leadership.

Learn More
World Council of Optometry

ECPs Share How they Use the WCO Alcon Dry Eye Wheel in New Video

The World Council of Optometry and Alcon have released a new video featuring eye care professionals from around the world sharing how they use the Dry Eye Wheel to support dry eye diagnosis, education, and management.

Read more
Optik Voilàs November-December 2025- COS Silhouette SPX_Illusion_2978_5530

SPX Illusion 2025: Lightness Meets Bold Style

Silhouette unveils SPX Illusion 2025, featuring two new lightweight shapes— including a striking geometric design—offered in five trend-forward colors like Canary Green Havana and Smokey Blossom. A refined, featherlight way to express personal style with elegance.

Read more
EssilorLuxottica

EssilorLuxottica Expands Ophthalmology Footprint with Acquisition of Signifeye

EssilorLuxottica will acquire Signifeye, adding 15 Belgian clinics to its growing ophthalmology network and strengthening its integrated medical eye-care strategy.

Read more
Centre for Ocular Research & Education (CORE)

CORE Summarizes TFOS DEWS III Reports to Boost Dry Eye Knowledge

CORE has published issue 87 of Contact Lens Update, summarizing key findings from the TFOS DEWS III dry eye reports. Expert-authored content and downloadable PDFs provide clinicians with practical guidance on diagnosis, management, and evolving best practices.

Read more
Canadian Association of Optometrists logo

CAO Appoints Joelle Walker as New CEO, Effective January 2026

The Canadian Association of Optometrists has appointed Joelle Walker as its new CEO, effective January 2026, succeeding François Couillard after more than 40 years of leadership.

Learn More
World Council of Optometry

ECPs Share How they Use the WCO Alcon Dry Eye Wheel in New Video

The World Council of Optometry and Alcon have released a new video featuring eye care professionals from around the world sharing how they use the Dry Eye Wheel to support dry eye diagnosis, education, and management.

Read more
Optik Voilàs November-December 2025- COS Silhouette SPX_Illusion_2978_5530

SPX Illusion 2025: Lightness Meets Bold Style

Silhouette unveils SPX Illusion 2025, featuring two new lightweight shapes— including a striking geometric design—offered in five trend-forward colors like Canary Green Havana and Smokey Blossom. A refined, featherlight way to express personal style with elegance.

Read more
EssilorLuxottica

EssilorLuxottica Expands Ophthalmology Footprint with Acquisition of Signifeye

EssilorLuxottica will acquire Signifeye, adding 15 Belgian clinics to its growing ophthalmology network and strengthening its integrated medical eye-care strategy.

Read more
Centre for Ocular Research & Education (CORE)

CORE Summarizes TFOS DEWS III Reports to Boost Dry Eye Knowledge

CORE has published issue 87 of Contact Lens Update, summarizing key findings from the TFOS DEWS III dry eye reports. Expert-authored content and downloadable PDFs provide clinicians with practical guidance on diagnosis, management, and evolving best practices.

Read more