Mister Spex Surges Ahead in 2023, Boosts Market Share & Commits to Sustainable Growth

• Mister Spex SE, a digitally-driven omnichannel optician, reported a 6% increase in net revenue for 2023, with a 10% increase in Germany.
• The company's adjusted EBITDA reached €0.9 million, an improvement of approximately €9 million from the previous year.
• The "Lean 4 Leverage" program led to a 10% growth in prescription glasses and a 13% increase in sunglasses. The average order value also increased by 7% overall and by 8% in prescription glasses.
• Gross margin increased to 50.6% due to decreased discounts, a positive product mix, and price increases.
• For 2024, Mister Spex expects low to mid-single digit percentage growth in net revenue and a positive low single-digit percentage margin in adjusted EBITDA.
• The company plans to extend its product and service portfolio, target a broader customer group both online and in brick-and-mortar stores, and continue to improve profitability through the "Lean 4 Leverage" program.

The price of Mister Spex at the time of the news was 3,3725EUR and was up +0,07 % compared with the previous day.
23 minutes after the article was published, the price was 3,2875EUR this corresponds to a minus of -2,52 % since publication.

Mister Spex

-0,36 %

-11,50 %

-9,18 %

-28,33 %

-22,08 %

-88,74 %

ISIN:DE000A3CSAE2WKN:A3CSAE

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