Mister Spex Reports 2023 Financial Results with Revenue Growth and Market Share Gains

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.