Mister Spex Boosts Earnings and Strategic Direction in Q1 2026

Mister Spex SE, a major optical retailer in Germany, reported a significant improvement in its earnings for Q1 2026, with adjusted EBITDA rising to €1.3 million. Despite a 9% decline in net revenue to €40.7 million due to a challenging consumer climate, the company achieved a 230 basis-point increase in gross margin, reaching 59%.

The offline segment witnessed an 11% revenue growth supported by an expanding store network. Conversely, the online segment saw a 19% decline, attributed to a focus on revenue quality and closure of unprofitable international online shops. Mister Spex introduced four structural enablers to foster a scalable operating model, including a transition to the Salesforce platform and AI-based process automation.

The company maintains its guidance for 2026, expecting revenue changes between 0% and -10% amid ongoing economic uncertainties.