The Michael Pachleitner Group (MPG), the Austrian-based lens and eyewear company, has announced annual revenues of €114 million for 2017, a 16 percent increase as compared to 2016, when it had already bounced to €98 million from €86 million in the previous year.
All product categories contributed to last year's growth in revenues, including a 14 percent increase for the lens segment. This product category represents about 60 percent of MPG's overall current business and the company launched a series of four new lenses under its Michael Pachleitner Optics (MPO) brand earlier this year at the Opti show in Germany, including a progressive lens for driving and outdoor activities, and a proprietary blue-ray blocking technology directly embedded into the lens (see Eyewear Intelligence Vol. 19 n°1). The MPO lenses are developed in Austria and produced by the group's subsidiary Schulz Optische Fabrik in Germany.
The eyewear category also contributed greatly to the overall growth with a 16 percent rise for prescription frames and a 48 percent jump in the sunglass business. Last year these two categories represented about 28 percent and 12 percent of the group's top line, respectively. MPG has a large and growing portfolio including a mix of licences and own brands such as Daniel Hechter, Red Bull SPECT, Robert La Roche, Jérôme Boateng and Berlin Eyewear, among others.
Although the German-speaking countries remain the most important region for the company with more than half of total revenues, other markets are taking on a growing part of MPG's activity. The company is now present in more than 60 countries worldwide. It entered three new countries last year - Canada, Morocco and Russia - and new important deals are due to be announced shortly. Although company officials declined to share more specific figures by country, they singled out France, Germany, Italy, Denmark and Finland as fast-growing countries.
The Austrian group invested a total of €5.6 million last year in production, design and infrastructure to cope with its growth. About €3 million were allocated to the lens laboratory in Germany, a new office for its Austrian Optic Technologies subsidiary and a new creative lab at the headquarters in Graz. Another €2.6 million were invested in the second stage of the extension of the group's logistic center in the Czech Republic, bringing its total surface to 15,000 square meters.