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COMPANY BENCHMARKING • UNITED STATES

ABB Optical Group - Company Profile

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ABB Optical Group - Overview

Brands
ABB Business Solutions, ABB Contact Lens, ABB Labs
Description
ABB Optical is a private company with an estimated 1,000 employees. In the US, the company has a notable market share in at least one industry: Glasses & Contacts Wholesaling, where they account for an estimated 11.7% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: ABB Optical Group

Company Type: Other

Website: https://www.abboptical.com/

Employees: 1000

ABB Optical Group - Operating Industries and Main Competitors

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ABB Optical Group - Products and Services

  • Glasses & Contacts Wholesaling in the US

  • Of the 6 core revenue-generating products and services in the Glasses & Contacts Wholesaling in the US industry, ABB Optical Group offers:
    • Contact lenses
    • Nonprescription eyeglasses
    • Ophthalmic goods
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ABB Optical Group - Analyst Insights

Exclusive distribution of performance contact lenses.

In November 2021, ABB Optical Group announced that it will be the exclusive distributor of Performance Vision Technologies Inc's contact lenses under the brand name ALTIUSTM. The ALTIUS is a patent-pending tinted contact lens. The exclusive distribution rights could expose ABB to new customers in need of the niche product.

Balance Sheet|New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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ABB Optical Group - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on ABB Optical Group's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Glasses & Contacts Wholesaling in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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