Germany's Mister Spex 2025 revenue falls on pricing discipline & market exits

Mister Spex SE

26/03/2026 06:38

Overview

Germany optical retailer's 2025 revenue fell 16% on pricing discipline, market exits

Company's EBIT loss narrowed by €59 mln, gross margin rose to 55.6%

Company completed first transformation phase, focusing on profitability and cost savings

Outlook

Mister Spex expects 2026 net revenue to develop between 0% and -10% versus 2025

Company sees 2026 adj EBITDA margin at break-even to mid-single-digit percentage range

Mister Spex to focus on infrastructure modernization and operational efficiency in 2026

Result Drivers

PRICING DISCIPLINE & MARKET EXITS - Revenue fell as co prioritized pricing discipline and exited unprofitable international online markets

GROSS MARGIN EXPANSION - Gross margin rose by 580 basis points to 55.6% due to premium product mix and margin discipline

STRUCTURAL COST SAVINGS - Co realized structural cost savings of about €20 mln on an EBITDA basis

Company press release: ID:nEQ1w1dc7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Margin
55.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

Wall Street's median 12-month price target for Mister Spex SE is €4.20, about 236% above its March 25 closing price of €1.25

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)