Mister Spex Confirms 2025 Guidance with Revenue Decline but Strong Like-for-Like Growth

Mister Spex SE confirmed its 2025 financial guidance, reporting preliminary net revenue of approximately €178 million, an 18% year-on-year decline consistent with its -10% to -20% range. This decrease was primarily driven by deliberate store portfolio adjustments in Q4 2024 and reduced promotional activities. Despite the overall revenue drop, like-for-like growth reached 8%, reflecting resilient demand in the German core business. The EBIT margin landed in the lower half of the guided -5% to -15% range, while cash balance remained stable at roughly €56 million. Average order value for prescription glasses rose 20% due to an improved product mix and the Mister Spex Switch subscription model, which accounted for 16% of store sales in Q4 2025. The company will publish its 2026 outlook on March 26, 2026.