The Berlin eyewear retailer Mister Spex SE has made further progress in its reform efforts. The company was able to significantly reduce its loss in the third quarter of the 2025 financial year. However, sales fell significantly due to strategic measures.
“The third quarter results underline that our transformation is progressing as planned,” said CEO Tobias Krauss, according to an interim statement published on Thursday. “We will continue to streamline our structures and increase efficiency in all areas. Our focus remains on sustainable profitability and building the foundations for long-term, healthy growth.”
In the period from July to September, sales amounted to 47.5 million euros. This means that it fell by 18 percent compared to the same quarter of the previous year. The company justified the decline with, among other things, the closure of branches abroad and the targeted restriction of price discounts.
The gross margin increases sharply
Thanks to the measures implemented in recent months, the gross margin, which was 48.8 percent in the same quarter of the previous year, increased to 54.8 percent. “This is mainly due to the increasing share of higher-margin prescription glasses in the sales distribution from 36 to 45 percent, as well as the reduction of discount campaigns and deprioritization of price-sensitive marketing channels,” the company explained.
In addition to the higher gross margin, extensive cost reductions contributed to the loss before interest and taxes (EBIT) being reduced from 14.6 to 4.6 million euros. The net loss fell by 67 percent to 4.97 million euros.
The annual forecasts remain unchanged
In the first nine months of the current year, sales amounted to 145.1 million euros, which corresponded to a decrease of 18 percent compared to the same period last year. The net loss was reduced by 49 percent to 16.6 million euros.
The latest figures did not give management any reason to change existing annual forecasts. A decline in sales of ten to twenty percent is still expected for 2025. The EBIT margin should be between -5 and -15 percent.
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