Mister Spex Confirms 2024 Guidance with 2% Like-for-Like Growth in German Core Market

Mister Spex reported preliminary unaudited figures for 2024, confirming net revenue declined by 3% to approximately €216 million, within its guidance range of €210–€230 million. This decline was primarily driven by the closure of all international stores in the fourth quarter as part of the SpexFocus transformation program. Despite this, the core German market achieved 2% like-for-like growth, with brick-and-mortar stability offsetting broader declines. Adjusted EBITDA turned negative but remained within the guided range of +1% to -4%. Average order value for prescription glasses rose 12% year-over-year, aided by the September launch of the SpexPro lens portfolio. Cash balance exceeded €70 million at year-end. Audited results and 2025 outlook will be published on March 27, 2025.