Eye clinic sees revenue rising

Caroline Zheng

EuroEyes International Eye Clinic (1846) expects its revenue to grow more than 50 percent in China this year.

The prediction came as the German firm opened its first flagship store in Hong Kong on Saturday.

Located on the ground and third floor at 2 Russell Street in Causeway Bay, the 7,000-square-foot clinic is expected to break even within one to two years, said Jorn Slot Jorgensen, founder and chief executive of EuroEyes.

Jorgensen expects its mainland and Hong Kong businesses will account for at least 30 percent of the firm's total revenue in the future.

EuroEyes has eight clinics in tier-one cities in the mainland including Beijing and Shanghai, and saw the mainland market take up 21 percent of sales in the first half of the year.

Its mainland business jumped 50 percent in the first six months of 2023 from a year ago from a low base for the same period last year when Shanghai experienced a two-month lockdown, but the group still managed to achieve 20 percent growth in revenue there for the third quarter on a relatively higher comparison base, pointing a brighter full-year outlook.

The flagship store in Hong Kong will bring in new lenses and machinery that have not yet been approved in the mainland, which normally takes a longer time for approvals due to regulations, Jorgensen said.

The clinic will start with three Hong Kong doctors, who will offer different treatments for myopia and presbyopia based on age.

The Smile Pro, the latest form of laser eye surgery, costs HK$20,000 for both eyes on average while the solution of implantable contact lens costs an average of HK$60,000 for both eyes.