Mister Spex SE had to accept a decline in sales in the first quarter of the 2025 financial year.
In the end of March, the proceeds ended in the previous year decreased by 13 percent to EUR 44.7 million, according to a quarterly report published on Thursday. The Berlin glasses dealer attributes this loss to the continued implementation of the “Spexfocus” strategy. This includes price repositioning and reducing discounts. In addition, store closures and inefficient online marketing would have led.
In Germany, the company had a sales minus of five percent compared to the first three months of 2024. The turnover in the home market was 37.6 million euros. Abroad, sales decreased by 38 percent to 7.2 million euros.
The result adjusted for special effects before interest, taxes and depreciation (EBITDA) was -1.0 million and thus improved by 62 percent compared to the same period in the previous year. In the first quarter of 2024 it was still -2.7 million euros.
“The results of the first quarter of 2025 show tangible initial successes of our transformation,” says Tobias Krauss, CEO of Mister Spex. “We have made progress in strengthening our cost discipline and improving our product margins. At the same time, we are still in the middle of the transformation process, which we continue to drive consistently and with clear focus.”
The bottom line was a net loss of 6.8 million euros. In the previous period, the period result was still -9.7 million euros, a difference of 30 percent.