Mister Spex SE Sees Improved EBIT and Positive Cash Flow in Q1 2025

Mister Spex SE has reported a €3 million improvement in EBIT for Q1 2025, reducing its loss to €-6.3 million. This improvement reflects the initial benefits of the company's "SpexFocus" transformation program. Operating cash flow became positive at €2.3 million, contributing to a year-on-year free cash flow improvement of €3.2 million, now at €-1.5 million.

Despite a 13% drop in net revenue to €44.7 million due to store closures and ineffective marketing, the gross margin increased by 441 basis points to 56.4%. Mister Spex's German stores saw a like-for-like sales growth of 13%, with the average order value for prescription glasses exceeding €200 for the first time.

The company's cash balance stands at a solid €70 million, supporting liquidity. The focus remains on executing the "SpexFocus" strategy to optimize margins. Internationally, revenues fell by 38% due to reduced discount strategies.