Mister Spex SE Shows Significant Progress in Q3 2025

In the third quarter of 2025, Mister Spex SE reported strong improvements in profitability and operational efficiency. The EBIT improved by €10 million, reaching -€4.6 million, thanks to cost discipline from ongoing initiatives. The gross margin increased by approximately 600 basis points year-on-year, reaching 54.8%, driven by a better product mix and reduced promotional intensity.

The company expanded its retail footprint, acquiring four optical stores in Germany. This move is expected to enhance its local presence and profitability. Despite an 18% decline in net revenue to approximately €47 million, Mister Spex focused on reducing less profitable promotional activities and withdrawing from unprofitable markets.

In-store performance saw significant growth, with revenue increasing by 11%. Impressively, 35 stores achieved double-digit EBIT margins, up from 18 stores the previous year. The Mister Spex Switch subscription model launched in May 2025 contributed to store revenue growth.