Mister Spex SE Adjusts Strategy Amidst Market Challenges

Mister Spex SE, a key player in Germany's optical retail sector, reported a Group revenue of €133.6 million for the first nine months of 2026, marking an 8% year-on-year decrease. However, Q3 saw the decline narrow to just 4%, with revenue at €45.7 million. This signals slight recovery amidst weak consumer sentiment.

The company's offline revenue showed resilience, increasing by 8% over the same nine-month period, supported by new store openings and integration of six independent opticians. The online segment faced a 16% revenue drop, though this decline lessened to 8% in Q3.

Key operational shifts include logistics outsourcing to Arvato and production responsibilities to Rodenstock, while Salesforce integration is set to enhance customer journey experiences. Amidst these changes, Mister Spex adjusts its cash expectations, now between €21 and 23 million for year-end 2026.