Mister Spex FY22 revenues increase by 8 percent

According to preliminary and unaudited figures, Mister Spex SE grew by 8 percent in 2022, finishing the year with 210 million euros revenue.

This, the company said in a statement, corresponds to growth within the guidance range of 7 percent to 12 percent growth. The company expects adjusted EBITDA to be at the upper half of the guidance range, which was announced to be between negative 6 percent to negative 3 percent adjusted EBITDA margin.

The company’s core market Germany reported 11 percent growth in 2022 through its crisis-resistant omnichannel approach. With a revenue of 153 million euros, Mister Spex was able to expand its activities in its core market in Germany.

During the year, the Berlin-based company opened 16 stores in Germany, two stores in Austria and one in Sweden. At the same time, the company expanded into a new market with the opening of its first store in Switzerland. Mister Spex now operates a total of 68 stores in four countries.

Based on the preliminary figures, in 2022, all product categories have experienced positive revenue development. Sunglasses was the fastest growing product category with a 19 percent increase in revenue supported by the recovery in the travel sector, growing assortment range and warm weather. Prescription glasses increased by 5 percent, supported by the growth in the second half of the year.