A little more than two months after Mister Spex SE had corrected his sales forecast for the current financial year, the Berlin glasses dealer presented the figures for the second quarter of 2025 on Thursday. This showed that the company was able to significantly increase its profitability, but had to accept a further decline in sales.
In the end of June, the proceeds ended in the previous year decreased by 22 percent to 52.9 million euros, as can be seen from the published quarterly report. The Berlin glasses dealer attributes this loss to the continued implementation of the “SPEXFOCUS” strategy. This includes a consistent price policy, the reduction of discounts and the conscious prioritization of profitability compared to volume -driven growth.
In Germany, the company posted a sales minus of 16 percent compared to the second quarter of 2024. The turnover in the home market was 43.6 million euros. Abroad, sales decreased by 41 percent to 9.3 million euros.
Meanwhile, the company’s profitability improved significantly. The result before interest and taxes (EBIT) according to IFRS, including transformation and restructuring expenses as well as other once effects, was -4.3 million euros and thus improved by 41 percent compared to the previous year. The gross margin also rose to 53.7 percent, driven by a margin more product mix and the higher proportion of correction glasses.
“With SPEXFOCUS we have made a clear strategic change of course – away from pure sales growth to sustainable profitability. The improvement of our EBIT by 6 million euros in the first half of 2025 is a strong signal,” said CEO Tobias Krauss. “However, it is clear that the transformation has not yet been completed. We will implement further significant changes in order to position Mister Spex sustainably for the future.”