Mister Spex Reports Q3 Revenue Growth and Improved Profitability, Confirms 2023 Guidance

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%.