Synsam AB (publ) repurchased a total of 100,000 own shares between September 14 and September 18, 2026. These transactions occurred on Nasdaq Stockholm via DNB Carnegie Investment Bank AB as part of a share buy-back program announced on May 28, 2026. The program, which runs until February 26, 2027, has a maximum value of MSEK 200 and aims to adjust the company’s capital structure by reducing share capital. Daily volumes were 20,000 shares each day, with weighted average prices ranging from SEK 52.997690 to SEK 54.988690. Following these repurchases, Synsam held 4,509,635 own shares as of September 18, 2026, out of 145,313,746 outstanding shares.
Synsam AB (publ) repurchased a total of 100,000 own shares between September 21 and September 25, 2026. These transactions occurred on Nasdaq Stockholm via DNB Carnegie Investment Bank AB as part of a share buy-back program announced on May 28, 2026. The program has a maximum value of MSEK 200 and runs from June 1, 2026, to February 26, 2027, aiming to adjust the company’s capital structure by reducing share capital. Daily volumes were 20,000 shares each day, with weighted average prices ranging from SEK 53.458515 to SEK 54.091870. Following these repurchases, Synsam held 4,609,635 own shares as of September 25, 2026, out of 145,313,746 outstanding shares.
Ocuco announced a minority investment in Ocumetra, a data science company for eyecare. As part of the deal, Ocuco CEO Leo Mac Canna joined Ocumetra’s board, and Ocumetra’s machine learning tools will integrate with Ocuco’s next-generation cloud-hosted Practice Management Software. Ocumetra offers nine clinical tools, including the Refractogram for myopia treatment efficacy analytics. Founded in 2020 by Professors James Loughman and Ian Flitcroft, the company aims to support eye care professionals with evidence-based decision tools derived from over one million eyes globally. While some products were slated for early 2022 launch, others are classified as software-as-a-medical-device, requiring regulatory approvals such as ISO13485, CE mark, and FDA clearance.
Ocuco announced a rebrand to reflect its shift from single-solution applications to omnichannel native systems. The company retained its name but streamlined the wordmark, maintained its orange color, and replaced purple with black, white, and gradient palettes. This evolution coincides with the prelaunch of Acuitas 3 OmniChannel Edition for enterprise, described as the world’s first cloud-based omnichannel native system for eyecare, featuring telehealth, CRM, and insurance processing. CEO Leo Mac Canna stated the platform removes the need for cumbersome integrations. The rebrand rollout is global over coming weeks, debuting at Vision Expo East 2022. Separately, in September 2025, Ocuco was named one of Ireland’s Best Managed Companies for the eighth time, recognized as a Platinum Requalifying Winner.
In September 2025, Dublin-based eyecare software provider Ocuco appointed Clodagh Nic Canna as Chief Product Officer. Nic Canna previously led the company’s Product Development Department for twelve years and is a member of the Corporate Management Team. CEO Leo Mac Canna stated the appointment supports Ocuco’s transition from an engineering-led to a product-led organization, coinciding with the launch of its cloud-based omnichannel native product and the convergence of existing products into Acuitas 3 OmniChannel. Nic Canna will oversee product vision and strategy across the portfolio. Separately, Ocuco was named one of Ireland’s Best Managed Companies for the eighth time, recognized as a Platinum Requalifying Winner on September 25, 2025.
Ocuco was recognized as a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards on September 25, 2025. This marks the eighth time the company has received this accolade, acknowledging its superior business performance and strategic management. The award follows Deloitte’s evaluation of governance, financial results, culture, and innovation. In 2025, Ocuco continued investing in product development and implemented a responsible AI framework to automate routine tasks. CEO Leo Mac Canna attributed the achievement to employee discipline and customer focus. The broader program recognized 115 indigenous companies with combined turnover exceeding €22 billion.
Ocuco demonstrated its Acuitas 3 OmniChannel Edition software at the 100% Optical event. Director of Product Management Kristian Kiamos explained that the platform provides a unified framework for managing both online and on-site practice operations, distinguishing it from standard practice management systems. Key features highlighted include a comprehensive CRM module for marketing campaigns, business intelligence reporting, and telehealth capabilities via video conferencing. The company emphasized that this omnichannel approach ensures a consistent patient experience across phone, internet, and in-person interactions. This demonstration occurred alongside other recent corporate milestones, including Ocuco’s recognition as an Ireland’s Best Managed Company for the eighth time in September 2025, though the specific focus of the optical trade show presentation remained on the software's operational integration and customer engagement tools.
Ocuco announced a €60 million growth equity investment from Accel-KKR to fuel global expansion and meet rising omnichannel demand in the eyecare industry. The capital will support the scaling of Acuitas 3 OmniChannel Edition, a cloud-based solution designed to integrate online and in-store retail and clinical systems for over 6,750 locations across 88 countries. Additionally, the partnership aims to capitalize on strategic M&A opportunities. This announcement follows Ocuco’s recognition as one of Ireland’s Best Managed Companies for the eighth time in September 2025, highlighting its continued focus on product innovation and responsible AI frameworks.
Editorial relevance: The investment supports Ocuco's expansion of omnichannel eyecare software, addressing the integration of online and in-store retail systems.
Software provider Ocuco announced that retailer Asda has become the inaugural client for its Acuitas 3 OmniChannel Edition, marking a strategic partnership aimed at unifying separate website and practice management systems. Asda Head of Optical Sarah Joyce cited the omnichannel capabilities as key to improving patient and in-store user journeys. Separately, on September 25, 2025, Ocuco was named a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards for the eighth time. The recognition evaluates privately owned businesses on strategy, governance, financial performance, and innovation. Deloitte reported that the 2025 winners include 115 indigenous companies with combined turnover exceeding €22 billion.
Eyecare solutions provider Ocuco was named a Platinum Requalifying Winner at the 17th annual Ireland’s Best Managed Companies awards ceremony held on September 25, 2025, in Dublin. This marks the company’s eighth recognition under the program, which is led by Deloitte Ireland and currently associated with AIB Corporate Banking. The judging process evaluates management teams and business strategies across governance, financial performance, talent, and innovation. In 2025, Ocuco continued investing in product innovation and applied a responsible AI framework to automate routine tasks. CEO Leo Mac Canna attributed the award to employee discipline and focus on eyecare professionals. Deloitte recognized 115 indigenous companies this year, representing 25 of the 32 counties across the island of Ireland.
In September 2025, Dublin-based Ocuco was recognized as a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards. This marks the eighth time the optical software provider has received this distinction from Deloitte. The award follows a rigorous evaluation of management strategy, financial performance, and innovation. Ocuco CEO Leo Mac Canna attributed the success to disciplined execution and continuous improvement in product quality and service levels. The recognition highlights Ocuco’s sustained business performance within the Irish indigenous sector, where 115 companies were honored this year.
Dublin-based eyecare software provider Ocuco announced it has received Service Organization Control 2 (SOC 2 Type II) certification for its Acuitas 3 OmniChannel Edition. Issued by an independent auditor, the certification verifies that Ocuco’s security controls meet stringent criteria for security, availability, processing integrity, confidentiality, and privacy. CEO Leo Mac Canna stated that maintaining such certifications is challenging for in-house systems and older software but essential for large organizations and regulators. Operations Director Peter Furlong noted that achieving this alongside ISO 27001 certification within a single audit cycle reinforces commitment to data protection and opens global market opportunities. The announcement highlights Ocuco’s dedication to safeguarding user data through rigorous risk management and infrastructure alignment.
Ocuco, a Dublin-based optical software provider, appointed Donogh O’Driscoll as its new Chief Financial Officer. Based in the US office, O’Driscoll will lead financial strategy to support global expansion. Separately, Ocuco was named one of Ireland’s Best Managed Companies for the eighth time, receiving Platinum Requalifying status at an awards ceremony on September 25, 2025. The recognition highlights superior business performance, strategic planning, and governance among indigenous Irish firms. In 2025, Ocuco continued investing in product innovation and applied a responsible AI framework to automate routine tasks. CEO Leo Mac Canna attributed the award to employee discipline and customer focus. The broader program recognized 115 companies with combined turnover exceeding €22 billion.
In September 2025, Ocuco was named a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards, marking its eighth recognition. The Dublin-based company received this honor at a ceremony on 25 September for superior business performance and strategic management. This announcement followed Ocuco’s Innovations User Group Meeting held in Clearwater, Florida, from 27–29 March 2025, where over 50 global optical lab professionals explored advancements in Lab Management Software and AI applications. Keynote speakers included Eimear Loughnane of Slalom and Alysse Henkel of The Vision Council. The event featured more than 20 workshops and support from industry partners such as IOT and Schneider Optical Equipment, highlighting Ocuco’s focus on collaborative innovation within the optical lab sector.
Nextech and Ocuco announced a strategic partnership in September 2025 to integrate Ocuco’s Acuitas 3 omnichannel optical software with Nextech’s Ophthalmic Platform. The collaboration aims to bridge clinical excellence and retail performance for ophthalmologists, optometrists, and opticians by managing the full spectrum of care from diagnosis to eyewear sales and inventory. Key benefits include an integrated patient experience, comprehensive practice management combining EHR tools with optical retail capabilities, scalable technology for single or multi-location groups, data-driven insights across clinical and retail operations, and revenue growth opportunities. Both companies committed to providing dedicated support and training for practices adopting the new integration.
Dublin-based optical software provider Ocuco appointed Iarfhlaith Kelly as its new Chief Technology Officer in September 2025. Kelly brings over 20 years of technology leadership experience, including prior CTO roles at Retail inMotion and Matchbook.com, and founding CEO position at Kitman Labs. In his new role, he will lead global technology strategy, focusing on accelerating innovation and integrating emerging technologies like AI into next-generation optical software solutions. The appointment coincides with Ocuco’s recognition as a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards for the eighth time, highlighting the company's continued investment in product innovation and responsible AI frameworks.
Fittingbox and Ocuco announced the renewal of their partnership, originally established in 2018, to deliver digital solutions for eyecare professionals. The collaboration integrates Fittingbox’s virtual try-on technology with Ocuco’s Practice Management, scheduling, and Electronic Medical Records systems. This integration enables customized practice websites that enhance patient experiences while streamlining clinical and retail operations. In a separate development, Ocuco was named one of Ireland’s Best Managed Companies for the eighth time at an awards ceremony on September 25, 2025. Recognized as a Platinum Requalifying Winner, Ocuco highlighted its continued investment in product innovation and responsible AI frameworks during 2025.
Ocuco was recognized as a Platinum Requalifying Winner at the Ireland’s Best Managed Companies awards ceremony on September 25, marking its eighth consecutive win. The Deloitte-led program evaluates privately owned businesses on strategic planning, governance, financial performance, culture, and innovation. In 2025, Ocuco continued investing in product innovation and applied a responsible AI framework to automate routine tasks and streamline internal processes. This year, Deloitte recognized 115 indigenous companies across 25 of Ireland’s 32 counties, with a combined turnover exceeding €22 billion and employment for over 62,000 people. Among requalifying winners, six achieved Platinum Standard status, requiring seven years as a Best Managed Company. CEO Leo Mac Canna attributed the achievement to employee discipline and focus on quality for eyecare professionals.
Ocuco announced a new integration between its optical lab management system, Innovations, and SpecCheck’s digital ordering platform. The partnership enables labs to receive validated Rx orders directly from SpecCheck users, eliminating manual rekeying. It also incorporates SpecCheck’s Lab Pay for secure digital payments and Live Chat for real-time communication between labs and eye care professionals (ECPs). While order processing is available immediately, the rollout of Lab Pay is scheduled for the coming months in a phased approach. This collaboration aims to provide an end-to-end digital experience, enhancing operational efficiency and connectivity within the optical supply chain.
Dublin-based software provider Ocuco announced the appointment of optometrist and technology executive Scott Jens, OD, FAAO, to its Board of Directors in September 2025. The move supports Ocuco’s strategic expansion into the United States eyecare market, specifically targeting independent providers with its cloud-based Acuitas 3 platform. Jens, former CEO of RevolutionEHR and current CEO of Sandbox Spaces, brings experience scaling North American SaaS solutions. His role aims to enhance software integration and feature development for US clinics. Separately, Ocuco was named a Platinum Requalifying Winner in Ireland’s Best Managed Companies awards on September 25, 2025, recognizing its management performance and product innovation over eight consecutive terms.
On October 4, 2023, Mister Spex announced the launch of EyeD, its first own-brand custom collection of 3D-printed eyewear. The service utilizes in-house facial scanning technology via tablets in-store to measure parameters such as nose bridge width and temple length, ensuring a personalized fit. Customers can currently choose from six models and seven colors. The glasses are made from high-quality polyamide using a resource-saving process, with production taking three to four weeks. Initially, EyeD is available for order in 37 Mister Spex stores across Germany and Austria at a price of 249 euros plus lenses.
Editorial relevance: Mister Spex's introduction of a custom 3D-printed eyewear line demonstrates the integration of in-store digital scanning technology with physical retail to enhance fit and comfort.
Mister Spex, a digitally driven omnichannel optician, won the German Sustainability Award in the “Pharmacies and Medical Retail” sector. The award, presented by the Stiftung Deutscher Nachhaltigkeitspreis e.V., recognizes the company’s ecological and social commitments. A jury selected Mister Spex from ten nominees based on publicly available sustainability data. Key initiatives include virtual try-on technology introduced in 2011 to reduce CO2 emissions, a glazing service for existing frames, and sustainable product lines like the 3D-printed EyeD collection and “share x Mister Spex.” The company aims to eliminate single-use plastic by 2025. Co-CEO Mirko Caspar will receive the award at the ceremony held on November 23 in Düsseldorf.
Mister Spex SE reported total revenue of €60 million for Q3 2023, a 2% increase year-on-year. The company achieved positive adjusted EBITDA of €0.2 million (0.4% margin) for the second consecutive quarter. Nine-month revenues grew by 6%, driven by a 10% increase in Germany, while gross margins rose to 49.1%. Adjusted EBITDA for the first nine months reached a profit of €0.9 million, contrasting with a loss in the prior year. Despite headwinds from reduced consumer sentiment and unseasonal weather affecting prescription glasses sales (-3%) and sunglasses growth (+4%), Mister Spex confirmed its full-year 2023 guidance. Management expects mid-to-high single-digit revenue growth and a low single-digit positive adjusted EBITDA margin, supported by efficiency measures and an average order value increase of 10%.
Mister Spex, a digitally driven omnichannel optician, is expanding its store network by opening three new locations in Germany. The Sindelfingen store at Breuningerland opened on 6 December 2023, followed by the Bamberg location at Grüner Markt on 13 December 2023. A third store in Rostock’s Kröpeliner Straße is scheduled to open on 24 January 2024. These additions bring the total number of Mister Spex stores in Europe to 76. All new sites offer comprehensive optical services, advice from trained opticians, and access to customised 3D-printed frames via "Mister Spex EyeD." The stores are seamlessly integrated with the company’s online shop, allowing customers to purchase frames and lenses either in-store or online.
Mister Spex SE announced that Co-CEO Dr. Mirko Caspar will leave the Management Board on December 31, 2023, after twelve years of service. During his tenure, he helped grow the company’s omnichannel revenues from €10 million to over €200 million in 2022 and expand its portfolio to more than 130 eyewear brands. Founder and Co-CEO Dirk Graber and CFO Stephan Schulz-Gohritz will assume Caspar’s additional responsibilities following his departure. The announcement highlights Caspar’s role in establishing Mister Spex as a leading digitally driven optician in Germany, with brand awareness exceeding 70% in core markets.
Based on preliminary and unaudited data, Mister Spex SE reported a 6% revenue increase to €223 million in 2023, up from €210 million in 2022. The company confirmed its guidance range of mid-high single-digit growth and expects a positive adjusted EBITDA margin in the low single-digit percentage. Fourth-quarter revenue rose 7% year-on-year, driven by a 10% increase in Germany and a 10% rise in Average Order Value (AOV), particularly in prescription glasses which saw a 13% AOV increase. Like-for-like sales grew by 3%. Mister Spex expanded its retail footprint by opening seven stores in Germany and one in Austria, reaching a total of 75 stores. Prescription glasses revenue grew 10%, while sunglasses increased by 13%. Audited results and the 2024 outlook are scheduled for publication on March 27, 2024.
Mister Spex SE announced its full-year 2023 financial results, reporting a 6% increase in net revenue to €224 million. The company achieved an Adjusted EBITDA of €0.9 million, marking a year-on-year improvement of approximately €9 million. Growth was driven by a 10% revenue increase in Germany and strong performance in prescription glasses (10% growth) and sunglasses (13% growth). Average order value rose by 7%, while gross margin improved to 50.6%. Despite low consumer sentiment, Mister Spex gained market share against a German eyewear market growth of approximately 3%. For 2024, the company projects low to mid-single-digit percentage revenue growth and a positive low single-digit Adjusted EBITDA margin, focusing on product portfolio extensions and AI technologies.
Editorial relevance: Mister Spex's reported financial results and strategic outlook provide key insights into the performance of a major European omnichannel eyewear retailer.
Mister Spex SE announced that Claus-Dietrich Lahrs and Gil Steyaert are running for seats on its Supervisory Board, with nominations endorsed by the current board. If elected at the Annual General Meeting in Berlin on June 7, 2024, Lahrs would serve as Chairman and Steyaert as Deputy Chairman. They succeed Peter Williams and Stuart Paterson, who are not seeking re-election after over a decade of service. Lahrs brings executive experience from luxury brands including Hugo Boss and Bottega Veneta, while Steyaert has a background in sports and fashion retail, notably at Adidas. Four other board members stand for re-election, and Tobias Krauss remains elected until 2026.
Mister Spex SE reported net sales of €51.1 million for the first quarter of 2024, representing a 2% year-on-year increase for the Group. Germany drove this performance with 5% growth, fueled by double-digit gains in sunglasses (11%) and contact lenses (14%), while prescription glasses remained flat. Conversely, the International segment declined by 8%, primarily due to weaker results in Scandinavia, Switzerland, and the UK. Management attributed mixed category outcomes to calendar effects from an earlier Easter and favorable weather conditions boosting outdoor product demand. Adjusted EBITDA remained roughly flat at -3.2% of revenues. The company reconfirmed its fiscal year 2024 guidance, anticipating low-to-mid single-digit revenue growth and a positive adjusted EBITDA margin.
At its June 2024 Annual General Meeting, Mister Spex SE shareholders adopted all nine resolutions proposed by the company’s boards. The meeting rejected all supplementary motions and countermotions with a clear majority of approximately 75% of votes cast. Key approvals included the re-appointment of four existing Supervisory Board members—Nicola Brandolese, Birgit Kretschmer, Pietro Luigi Longo, and Nicole Srock.Stanley—and the election of two new members, Claus-Dietrich Lahrs and Gil Steyaert, who succeed Peter Williams and Stuart Paterson. Shareholders also approved updated remuneration policies, including adjustments to the Management Board’s long-term incentive program, and appointed Deloitte GmbH Wirtschaftsprüfungsgesellschaft as auditor for financial year 2024. Attendance represented 76% of share capital, up from 51% in 2023.
On July 4, 2024, the Supervisory Board of Mister Spex SE unanimously elected Tobias Krauss as its new Chairman. Krauss, who has served on the board since 2020 and holds positions on the Strategy and Audit Committees, is also CEO of Abacon Capital. Nicola Brandolese was simultaneously elected Deputy Chairman; he chairs the Strategy Committee and previously held leadership roles at Luxottica Group and Net-A-Porter. These appointments follow the resignations of Claus-Dietrich Lahrs and Gil Steyaert. The board reaffirmed its commitment to implementing a transformation strategy aimed at increasing profitability for the omnichannel retailer, which reported €223 million in revenue for 2023 and operates over 70 owned stores alongside four European online shops.
Mister Spex founder and CEO Dirk Graber resigned from his position effective July 31, 2024, after sixteen years of service. The Supervisory Board accepted his resignation, appointing current CFO Stephan Schulz-Gohritz to assume overall responsibility on an interim basis starting August 1, 2024, while retaining his existing duties. Graber will remain in an advisory capacity to ensure a proper handover. The Supervisory Board plans to evaluate the future Management Board structure and provide updates in due course. Tobias Krauss, Chairman of the Supervisory Board, emphasized that reaching profitability and generating positive cash flow remains the company's top priority. Since its founding in 2007, Mister Spex has served over 8 million customers through four European online shops and 65 retail stores in Germany.
Mister Spex SE announced the appointment of Francesco Liut as its new Chief Commercial Officer, effective August 1, 2024. Liut, who joined the company on June 1, 2024, will oversee online and retail businesses, including Marketing, Category Management, Product, and Data. This move marks a strategic step in Mister Spex's realignment following founder Dirk Graber’s departure on July 31, 2024, with Stephan Schulz-Gohritz assuming interim overall responsibility. Liut brings extensive industry experience from Luxottica, where he served as Group Marketing Director for brands like Ray-Ban and Oakley, and held e-commerce and supply chain roles at Sunglass Hut within EssilorLuxottica. Company leadership highlighted his expertise in omnichannel execution and digital strategy as key assets for strengthening Mister Spex's market position across its European online shops and German retail stores.
On August 1, 2024, Mister Spex began its new apprenticeship year by welcoming 41 new trainees. The intake includes 38 apprentices in optometry and three in commercial fields such as dialogue marketing, office management, and e-commerce. These individuals are starting their training at five locations where the company operates workshops: Berlin, Cologne, Münster, Reutlingen, and Mannheim. Since 2016, a total of 205 apprentices have joined Mister Spex, comprising 174 in optical roles and 31 in commercial positions. The program aims to address skilled labor shortages and position the retailer as an expert in ophthalmic optics. Apprentices spend 14 weeks per year in training workshops to focus on practical skills, separate from store sales duties.
On August 7, 2024, Mister Spex SE launched a new brand campaign titled “The Optician of Your Life,” marking a strategic repositioning from an online retail player to a comprehensive optician expert. The initiative aims to strengthen premium single vision and progressive lens segments while targeting consumers aged 40 to 60 who prioritize professional optical advice. Central to the campaign are three TV commercials featuring talking glasses, filmed at the company’s Cologne flagship store, which begin airing nationwide in Germany on August 8, 2024. Supported by regional radio, print, and out-of-home activations, the effort seeks to highlight in-house optician services and expand the varifocal lens portfolio. Management states this realignment focuses business activities on core competencies to enhance profitability and reinforce the omnichannel model across its 65 German stores.
Mister Spex SE has approved the "SpexFocus" transformation and restructuring program for 2024–2025, aiming to increase EBITDA by over €20 million. Key measures include closing all eight international stores (five in Austria, two in Sweden, one in Switzerland) due to lack of profitable growth paths, reducing personnel costs, and repositioning the brand to focus on optician expertise for the 40–60 age demographic. The company also plans to reduce promotional activities and switch its key financial indicator from Adjusted EBITDA to EBIT starting in 2025. Preliminary H1 2024 results showed net revenue of €119 million (+1% YoY) but negative adjusted EBITDA of €-0.8 million, attributed partly to adverse weather affecting sunglasses sales. Consequently, Mister Spex lowered its full-year 2024 guidance to net revenue between €210–€230 million and an adjusted EBITDA margin between +1% and -4%.
Editorial relevance: Mister Spex's restructuring and international store closures signal a strategic pivot toward profitability in the European online eyewear market.
Mister Spex SE announced the appointment of Christopher Douglas as its new Chief Restructuring Officer, effective September 1. This newly established role is central to executing the company’s “SpexFocus” transformation and restructuring program, which aims to enhance profitability and ensure sustainable cash generation in the medium term. Douglas will oversee restructuring projects, review the cost base, and optimize operational processes. He brings extensive experience in corporate development and financial management, having previously held roles supporting the Büll family shareholder group and leading portfolio realignment at POSSEHL Mittelstandsbeteiligungen GmbH. Stephan Schulz-Gohritz, Chairman of the Management Board and CFO, emphasized that Douglas’s strategic insight will be instrumental in advancing efficiency within the SpexFocus initiative.
On August 26, 2024, Mister Spex SE launched “Mister Spex MOOVE,” a new private label collection targeting the growing sports eyewear market. The range includes seven models—three prescription glasses and four sunglasses—and two accessory models, each available in three color variants. Key features include patented Wing designs for secure fits, flexible wire temples, and high-tech lenses offering UV protection. Developed with resource-efficient injection molding, the collection aims to enhance brand positioning in premium segments and reach new customer groups. Europe currently holds approximately 32% of the global sports eyewear market share. The products are available online and in selected Mister Spex stores.
Mister Spex SE reported net revenue of €119 million for the first half of 2024, reflecting a 1% year-on-year growth. In Q2 2024, sales reached €67.6 million, also up 1%. The German market demonstrated robust performance with a 4% like-for-like growth in physical retail during Q2. Prescription glasses sales in Germany rose by 11%, while sunglasses decreased by 2% due to weather conditions. Adjusted EBITDA declined slightly by €0.8 million in H1, though Q2 saw a €0.8 million improvement. The company has initiated its 'SpexFocus' restructuring program targeting over €20 million in EBITDA savings by 2025-2026, alongside a rebranding effort and the launch of a new sports eyewear collection. Active customers fell by 2% to 1.697 million, but average order value increased by 3% to €97.6. Full-year guidance projects net revenue between €210-230 million.
Editorial relevance: The report details Mister Spex's financial performance and strategic restructuring, highlighting omnichannel growth in Germany and new product category expansion.
On September 2, 2024, Mister Spex SE announced the addition of the Jacquemus sunglasses collection to its premium portfolio. The new assortment is available online and in select physical stores across Europe. The collection comprises ten models crafted from high-quality acetate, featuring bold designs, a color palette ranging from black to vibrant yellows and blues, and gold accents with the iconic logo. All frames provide 100% UV protection. This expansion aims to strengthen Mister Spex’s position in the premium segment and support profitability goals. Stephan Schulz-Gohritz, Chairman of the Management Board and CFO, stated the move aligns with their vision to offer customers access to coveted global brands.