OC VISION bond issue

About OC VISION

Operating since 1991, OC VISION (the Group) is the largest optical retailer and eye-care services provider in the Baltics, focused on long-term eye health and customer well-being. The Group holds a leading market position in the Baltics with a 24% market share, ranked #1 in Latvia (41%) and #3 in Lithuania (14%), and maintains a growing online presence in Estonia and across Europe.

Today, OC VISION operates 77 stores under four distinct retail concepts, Vision Express, OptiO, VIZIONETTE, and Lornete, targeting a wide customer base from value to premium segments. OC VISION’s vertically integrated business model combines retail, medical services, digital platforms, and wholesale. The Group continuously invests in technology, store design, and professional expertise to ensure high service quality and customer satisfaction across channels.

OC VISION’s revenue reached EUR 36.0m in 2024, up from EUR 32.7m in 2023, marking a 10.0% year-over-year increase driven by growth across all segments. 

Vision-care and hearing solutions contributed EUR 32.3m, or 90% of total revenue, while wholesale & B2B services accounted for the remaining 10%. The fastest-growing segment was wholesale & B2B Services, up 15.6% year-over-year.

The proceeds from the bond issuance will support the Group’s growth strategy, including investments in new store openings, potential M&A transactions, the refinancing of existing loans. Bond issuance is supported by CFCA.

Additional information

Term Sheet