Germany's Mister Spex Q3 revenue falls as online sales decline, maintains 2026 forecast

Mister Spex SE

Today 06:38

Overview
Germany optical retailer's Q3 revenue declined 4% yr/yr amid weak consumer sentiment
Adjusted EBITDA for Q3 fell 11% yr/yr as transition to asset-light model continued
Company maintained 2026 guidance but lowered year-end cash outlook due to accelerated restructuring

Outlook
Mister Spex confirms 2026 revenue guidance of 0% to -10% vs 2025
Company maintains 2026 adjusted EBITDA margin outlook at break-even to mid-single-digit percentage range
Mister Spex lowers 2026 year-end cash forecast to €21-23 mln from €25-30 mln

Result Drivers
WEAK CONSUMER SENTIMENT - Co said persistently weak consumer sentiment weighed on overall revenue, particularly in the online segment
OFFLINE GROWTH - Revenue from physical stores rose, supported by new store openings, acquisitions, and the subscription model
ONLINE SEGMENT DECLINE - Online revenue fell, with prescription glasses particularly affected

Company press release: ID:nEQ9zjKcMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 45.72 mln
 
Q3 Adjusted EBITDA
 
EUR 1.90 mln
 
Q3 Gross Margin
 
54.00%
 
Q3 Gross Profit
 
EUR 24.70 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 183% above its November 11 closing price of €0.95

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Nov 10 - GEN Restaurant Group Q3 revenue falls 3% on lower restaurant sales
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Nov 11 - German economic council upgrades growth forecasts, flags budget risks

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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.)