Mister Spex Achieves 2% Growth in German Market Amid Challenging Year

Mister Spex SE reported a 2% like-for-like growth in its core German market in 2024, despite a 3% decline in net revenue to approximately €216 million. The decline was attributed to international store closures. The company's transformation program, SpexFocus, led to significant optimization efforts, including strategic pricing and a reduction in discounts.

The German brick-and-mortar segment demonstrated resilience, offsetting international weaknesses. The average order value for prescription glasses increased by 12%, owing to initiatives like the introduction of SpexPro. The cash balance stood above €70 million, indicating financial stability amidst the ongoing transformation.

Looking ahead, Mister Spex will prioritize enhancing the profitability of German stores and further cost streamlining. A detailed 2025 outlook will be available with the annual report in March 2025.