Mister Spex Reports H1 2024 Financial Results with Notable Growth in Germany

Mister Spex SE, a leading omnichannel optician in Europe, has confirmed its financial results for H1 2024. The company achieved a net revenue of €119 million, reflecting a 1% growth in the first half and an additional 1% in Q2 2024. Despite a slight decline in adjusted EBITDA, the German market exhibited robust performance with a 4% like-for-like increase in net revenue in Q2.

The sales in Germany saw impressive growth in prescription glasses, increasing by 11%. However, sunglasses sales decreased by 2% due to mixed weather patterns. The company has launched its SpexFocus restructuring program aiming for over €20 million in EBITDA savings by 2025 and 2026.

Mister Spex has also begun rebranding efforts to enhance its market position. The launch of a new sports eyewear collection marks the company's entry into a rapidly growing segment. Mister Spex’s adjusted guidance for 2024 anticipates net revenue between €210-230 million and an adjusted EBITDA margin ranging from -4% to +1%.