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Essilor Nine Month Revenue up 6.6%

Essilor International announced that consolidated revenue for the nine months ended September 30, 2017 totaled €5,661 million ($8,491 M Canadian), representing an increase of 6.6% in constant currency.

“Despite adverse economic and climate effects, Essilor remains focused on its mission of improving lives by improving sight. We are constantly delivering ever better visual health solutions, for instance the new Varilux® X series™ progressive lens, our ecommerce activities, and the inclusive business models deployed throughout the world. Essilor intends to build on the momentum of the third quarter between now and the end of this year while also making major strides in its proposed combination with Luxottica, creating the optimal conditions for a new chapter in its history to begin in 2018,” said Hubert Sagnières, Chairman and Chief Executive Officer of Essilor.

In North America, revenue increased by 2.3% like for like, despite natural disasters impacting the United States at the end of August and beginning of September.

Growth was moderate in Canada, while online sales continued to power ahead. Revenue at the ecommerce businesses rose 15% like-for-like, in line with the first half. In North America, sales were boosted by strong results for EyeBuyDirect™ and a return to growth for Clearly™ in the United States and Canada.

Click HERE for the full press release.

 

 

Hoya Reports Solid Q2 2017 Gains in Eyeglass Sales

Hoya Vision Care Canada logo

HOYA reported strong sales of eyeglass lenses within the Americas in their Q2 2017 sales amid what they describe as a “challenging market”, recording growth of 6%, while Asia/Oceania was up 6%. Sales in Japan declined, though the prices for eyeglass lenses have stabilized.

Performance in Europe was reported to be unsatisfactory by Hoya, citing changes in insurance plans in France leading to lower performance, driving down HOYA earnings in Europe. Contact lens sales improved globally between 5% and 6% year on year.

HOYA expects profits to improve in the second half of 2017 thanks to fewer mergers and acquisitions costs.

Read the complete press release HERE.

 

CooperVision Introduces MyDay® Toric Daily Disposables in Canada

CooperVision, Inc. announced today the introduction of MyDay® toric daily disposable contact lenses in Canada. MyDay® toric offers an extensive power range in a 1 day toric silicone hydrogel lens.

MyDay® toric features the same Optimized Toric Lens Geometry found in Biofinity® toric. It provides a uniform horizontal ISO thickness, an optimized ballast band design, large toric optic zone, and a smooth, continuous surface to make it an easy-to-fit, stable toric lens.

The MyDay® family of lenses is naturally wettable, without coatings or surface treatments. It also offers built-in UV protection that filters 85% of UVA and 96% of UVB rays** to help promote long-term ocular health.

By using less silicon, MyDay® has more room in the lens for hydrophilic (water loving) material, resulting in improved surface wettability, higher water content, and lower modulus for a softer, more comfortable lens-wearing experience. It also enables a modulus of only 0.4 MPa to make MyDay® CooperVision’s softest ever 1 day silicone hydrogel contact lens.

Guy Whittaker, Senior Vice President of Global Marketing at CooperVision, says, “MyDay® toric is an advanced lens that practitioners can use to help further build their practices by giving patients with astigmatism a soft, comfortable lens-wearing experience with the lens stability and visual acuity they have come to expect from CooperVision’s toric lenses.”

MyDay® toric further expands CooperVision’s 1 day portfolio, with practitioners able to select from the MyDay®, clariti® 1 day and Proclear® families of 1 day lenses to provide exceptional options for just about every eye.

The complete range of MyDay® toric lenses is currently available in sphere powers from Plano to   -6.00 (0.25D steps), -6.00 to -10.00 and Plano to +6.00 (0.50D steps) (plus powers available in 2018); cylinder options of -0.75, -1.25, and -1.75 in axes of 10°, 20°, 70°, 80°, 90°, 100°, 110°, 160°, 170°, and 180°; and -2.25 cylinder in axes of 10°, 20°, 90°, 160°, 170°, and 180°. MyDay® toric lenses have a base curve of 8.6 mm and a diameter of 14.5 mm.

Click HERE for the full press release.

 

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