...September 19, 2023 We expect the revenue of Iris HoldCo GmbH, the holding company of Rodenstock, a German producer of ophthalmic lenses and eyewear equipment, to expand by 7.5%-8.5% in 2023 on the back of volumes recovery. In 2022, we observed softer volumes for lenses, primarily due to patients postponing their purchases. Despite progressive phasing out of business with a major key account, volumes from the independent opticians and other key accounts continually increased during the second quarter of 2023, when, from these, Rodenstock reported like-for- like volumes expansion of 10.5% versus the previous year. We expect increasing volumes, the annualization of Indo Optical revenue, and 4%-6% price increases to support revenue expansion by 7.5%-8.5% in 2023. We anticipate Rodenstock will continue to rely on its relationship with independent opticians and with ophthalmic chains and on continuously upgrading its technology to drive revenue growth from the sale of the more premium progressive...
