EQS-News

Mister Spex outperforms the market in the third quarter with 18% revenue growth and continues the execution of “Lean 4 Leverage” efficiency program - Seite 2

Efficiency program “Lean 4 Leverage” starts to deliver first results

At the beginning of September, Mister Spex initiated the “Lean 4 Leverage” program to substantially increase profitability. It centers around three pillars: concentrate on the core, optimize pricing and product mix, and reassess overhead costs. Mirko Caspar, Co-CEO of Mister Spex: “We see very good progress in all areas. I am particularly pleased that we have already been able to expand our range in the private label and luxury segment and that the luxury and independent brands have found their home in our Mister Spex BOUTIQUE.”

Confirmation of the full year 2022 guidance

Despite the highly uncertain environment, Mister Spex is strongly positioned in the market and confirms its outlook for fiscal year 2022. Management expects revenue growth between 7% and 12%, assuming no further restrictions from COVID-19 or geopolitical uncertainties in the fourth quarter 2022. The management expects an adjusted EBITDA margin of -6% to -3% for the current financial year.

The quarterly report and further information for analysts and investors are available on the Mister Spex Investor Relations website. The results for the year 2023 will be published on March 29^th 2023.  

Group Income Statement in EUR k						Non-financial KPIs
	Q3 2022	Q3 2021	Change					Q3 2022	Q3 2021	Change
Revenue	58,262	49,399	18%