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Sales growth at Luxottica in 2014

After a year marked by administrative restructuring, Luxottica reported an increase in revenues of 6.7% (at constant exchange rates) in 2014 to $7.7 billion euros (CAN$10.75 billion).

With sales of 3.2 billion euros (CAN$4.47 billion), the Wholesale Division achieved a 8.6% increase, particularly due to Ray-Ban’s strong performance. The Retail Division generated a 5.4% increase in sales to 4.5 billion euros (CAN$6.28 billion), which was mostly driven by a 13.5% growth in Sunglass Hut sales.

Emerging markets (+17.6%) yielded the strongest results, followed by the North American market (+5.3%).

Massimo Vian, CEO for Product and Operations, expressed his pride in the 2014 results, adding that the eyewear manufacturer aims to double its revenues over the next 10 years.

To see the financial results: http://www.luxottica.com/sites/luxottica.com/files/2015_01_19_-_4q_and_fy14_sales_-_press_release_luxottica.pdf

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FYidoctors Announce Major Purchase of Zeiss Cirrus HD-OCTs

With a view toward improving coast to coast coverage with OCT technology, FYidoctors announced a substantial purchase from Carl Zeiss Canada’s Medical Division.

Dr. Alan Ulsifer, CEO and President of FYidoctors indicates,  “the purchase is …a big part of our brand”.

In the statement, Moosah Gulam, Vice President at Carl Zeiss Canada, welcomed the choice of FYidoctors.

The OCT purchase builds upon previously announced collaborations between ZEISS and FYidoctors. Last November FYi became the first external laboratory in Canada authorized to manufacture Zeiss lenses. FYidoctors also uses i.Terminal 2.

www.fyidoctors.com

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Photochromic lenses still seen as luxury by consumers

Research and Markets predicts the photochromic lenses market should grow at a compound annual growth rate (CAGR) of 7.6% over the period 2014-2019.

The market should grow from $1.2 billion US to $1.7 billion US in five years. North America and Europe account for 70% of global sales. Global key vendors are Transitions Optical/Essilor, Carl Zeiss, Corning, and Rodenstock. In Canada, Transitions, Carl Zeiss, Hoya, and Rodenstock share the market.

Sales of photochromic lenses are highly co-related with economic cycles. Paying for the photochromic option is still perceived as a discretionary expenditure, that customers are less interested in during uncertain economic times.

Availability of counterfeit products coupled with the cost for retailers in regions where the product is less available are hindering market growth. Rapid advances in technology and growing awareness of UV exposure are boosting growth.

The report is available at: http://www.researchandmarkets.com/research/xt5z9g/global

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Hema-Quebec Saves the Sight of a Child

Eye drops developed by Hema-Quebec have prevented blindness in a young child with a severe ligneous conjunctivitis.

The Quebec boy suffered from a blood plasminogen deficiency (a protein deficiency), which led to conjunctivitis. Dr. Isabelle Laliberté, pediatric ophthalmologist at the Hospital of the University of Laval, had tried everything to treat it, including fresh plasma transfusions and surgeries.

She had learned that it is possible to manufacture plasminogen concentrated  eye drops, but they are not readily available on the market, due to the rarity of the disease. She contacted Louis Thibault’s team at Hema Quebec, who took on the special task and succeeded in making them. The three-year-old boy can now carry out normal day-to-day activities.

 

 

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