Mister Spex Confirms Guidance with 6% Revenue Growth and Positive Adjusted EBITDA in 2023

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.