Mister Spex SE: Strategic Moves Amidst Lower Revenue Forecasts

Mister Spex SE is maintaining its strategy despite a forecasted decline in net revenue for FY 2025. The company expects a reduction of 10% to 20% in net revenue, driven by a decrease in discount campaigns and withdrawal from low-margin international markets. Nevertheless, the company has seen improvements in its gross margin and reduced losses, largely due to an increase in sales of prescription glasses through its stores.

Quirin Privatbank Kapitalmarktgeschäft reaffirms a "Buy" recommendation for Mister Spex, with a target price set at EUR 5.00. The firm notes the strategic acquisition of profitable optician businesses as a positive development. Mister Spex also projects an EBIT margin between -5% and -15%, indicating a cautious yet optimistic long-term outlook.