Mister Spex SE

MRX

Equity

ISIN DE000A3CSAE2 / Valor 112250364

Xetra (2025-10-21)

EUR 1.53+0.33%

Mister Spex SE
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About company

Mister Spex SE is a leading European online retailer for eyewear, offering a wide range of glasses, sunglasses, and contact lenses. The company was founded in Berlin in 2007 and has since grown to become one of the largest online eyewear retailers in Europe. With a focus on providing high-quality products at affordable prices, Mister Spex SE has revolutionized the way people shop for eyewear by offering a convenient and personalized online shopping experience. The company's team of experienced professionals, including CEO Nicola Brandolese, CFO Stuart Paterson, and COO Stephan Schulz-Gohritz, bring a wealth of knowledge and expertise to the business, ensuring its continued success and growth in the competitive eyewear market.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Decline

In Q2 2025, Mister Spex SE's revenue dropped by 22% to €52.9 million compared to €67.6 million in Q2 2024. The first half of 2025 also saw an 18% decrease in revenue, totaling €97.6 million against €118.7 million in the previous year.

Segment Performance

The German segment experienced a 16% decline in revenue, falling to €43.6 million from €51.8 million in Q2 2024. The International segment was hit harder, with a 41% decrease to €9.3 million compared to €15.8 million in the same quarter last year.

Product Category Trends

Sales of prescription glasses decreased by 8% to €20.3 million, while sunglasses sales plummeted by 35% to €18.9 million in Q2 2025 compared to the previous year. Contact lens sales also declined by 19% to €12.6 million.

Profitability Improvements

Mister Spex SE enhanced its gross profit margin to 53.7% in Q2 2025, up from 48.7% in Q2 2024. Additionally, EBITDA turned positive at €365k, a significant improvement from a loss of €659k in the same period last year.

Customer and Order Metrics

The number of active customers decreased by 22% to 1.3 million, and the number of orders fell by 27% to 471k in Q2 2025. However, the average order value rose by 10%, reaching €107.03 compared to €97.60 in Q2 2024.

Operational Efficiency

Despite the revenue downturn, Mister Spex SE reduced its EBIT loss to €4.3 million in Q2 2025 from €7.2 million in Q2 2024. Depreciation and amortization expenses also decreased by 29% to €4.6 million.

Summarized from source with an LLMView Source

Key figures

-30.9%1Y

-51.9%3Y

%5Y

Performance

73.8%1Y

61.4%3Y

58.2%5Y

Volatility