Mister Spex posts 38 per cent sales hike

European online glasses and contact lens retailer Mister Spex has expanded in Scandinavia after seeing its sales soar 38 per cent.

Posting its financial results for 2014, Mister Spex reported sales of €65m, representing an increase of 38 per cent.

The company, which has a strong presence in Germany and Austria with 500 partners, secured $40m of investment to grow its domestic and international business last month (19.01.15) through funding led by US investment bank Goldman Sachs together with existing investors.

A portion of the funds was has been slated for expansion in Scandinavia after acquiring Norwegian contact lens online shop Lensit.no.

‘We are pleased that we continued our course for growth in 2014 and could expand our position as the European leader in online optics now with 1.5 million customers,’ said Mister Spex-founder and CEO Dirk Graber. ‘By achieving the profitability and stabilisation of our position in Scandinavia with the purchase of Lensit, we are prepared to expand in existing and new European markets.’