News Detail

Berlin, 1 November 2021

Mister Spex SE: Adjustment of full year 2021 guidance

The management board of Mister Spex SE, the leading digitally-driven omnichnannel optician in Europe, today updated its guidance for the full year 2021. The deceleration in revenue growth with prescription glasses weighs on the development of adjusted EBITDA.

While overall revenue growth was in line with the management board's expectations in the third quarter, revenue growth with prescription glasses slowed down recently. The acceleration in revenue growth in the high margin prescription glasses business expected as from October 2021 did not materialize in the anticipated magnitude, and from today's perspective will not be compensated in the remaining course of the year.

For the full year, the management board now expects an adjusted EBITDA of 4 million euros to 5 million euros (prior: improvement in adjusted EBITDA versus 6.8 million euros in 2020). Furthermore, the management board specifies its revenue guidance and expects an increase of 17%-19% in the financial year 2021 (prior: increase of around 20% versus the prior year).

The adjusted guidance corresponds to a revenue increase of 38%-40% versus the financial year 2019, and has no impact on the mid-term strategy of the company to accelerate revenue growth and increase profitability.

Mister Spex releases the financial results for the third quarter on 24 November 2021.

Explanatory remarks regarding the definition of adjusted EBITDA are available in the half-year report 2021 of the company on page 13. The report is available online at www.ir.misterspex.com

Person releasing the notification: Frank Böhme, Head of Investor Relations.

Investor Relations:

Frank Böhme I Head of Investor Relations I frank.boehme@misterspex.de
 

Media Relations:

Katharina Berlet I VP Corporate Communications I Katharina.Berlet@misterspex.de
Judith Schwarzer I Senior Corporate Communication & PR Manager I Judith.Schwarzer@misterspex.de

Mister Spex SE

Greifswalder Strasse 156
D-10409 Berlin
Website: www.misterspex.de
Corporate Website: https://corporate.misterspex.com