Germany's Mister Spex H1 revenue falls,confirms 2026 guidance

Mister Spex SE

13/08/2026 06:38

Overview
Germany optical retailer's H1 2026 store revenue fell 10% amid challenging market conditions
Adjusted EBITDA for H1 2026 rose 65%, driven by higher-margin products and cost focus
Company confirmed full-year 2026 guidance and began outsourcing production and logistics

Outlook
Mister Spex confirms 2026 guidance for revenue growth between 0% and -10% year-on-year
Company expects 2026 adjusted EBITDA margin from break-even to mid-single-digit percentage
Mister Spex says market environment remains challenging, with potential geopolitical risks

Result Drivers
HIGH-MARGIN PRODUCTS - Co said gross margin expanded due to a higher share of high-margin prescription glasses and more selective promotional activity
AVERAGE ORDER VALUE - Co said average order value increased 11% to €119, supported by premium lens portfolio expansion and subscription model
OUTSOURCING INITIATIVE - Co began outsourcing production and logistics to specialised partners to increase cost flexibility and scalability

Company press release: ID:nEQ86K8DRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 87.86 mln
 
H1 Adjusted EBITDA
 
EUR 3.84 mln
 
H1 Gross Margin
 
56.90%
 
H1 Gross Profit
 
EUR 50.02 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 €2.70, about 126.9% above its August 12 closing price of €1.19

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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.)