Mister Spex Unveils SpexFocus Revamp Plan, Updates 2024 Guidance

• Mister Spex has announced a transformation and restructuring program called "SpexFocus" for 2024 and 2025.
• The program is expected to increase EBITDA (including rent) by over €20 million, mainly affecting 2025 and 2026.
• The total cash outflow for the program is projected to be around €9 million, with most costs recognized in the second half of 2024.
• As part of the restructuring, Mister Spex will close all international stores and reduce personnel expenses.
• Preliminary H1 2024 results are below expectations but still within the guidance range, prompting an adjustment in the 2024 forecast.
• The revised forecast anticipates net revenue between €210 million and €230 million, with an adjusted EBITDA margin between +1% and -4%.

The price of Mister Spex at the time of the news was 2,4000EUR and was down -5,51 % compared with the previous day.
13 minutes after the article was published, the price was 2,3300EUR this corresponds to a minus of -2,92 % since publication.

Mister Spex

-0,41 %

-5,04 %

-6,13 %

-31,37 %

-34,58 %

-90,02 %

-90,04 %

ISIN:DE000A3CSAE2WKN:A3CSAE

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