Report
Andreas Riemann ...
  • Jean Danjou

Mister Spex SE : In transition

>Dire Q3 2024 but largely unsurprising - Mister Spex reported Q3 revenues of € 57.8m, down 3.2% y-o-y after +2% in Q1 and vs +0.8% in Q2. We expected € 59.3m or -0.6% y-o-y and vs the company-compiled consensus of € 57.7m. The gross margin of 48.8% (vs 45.8% in Q3 2023) reflects the end to promotions and a better mix. Adjusted EBITDA came in at -€ 1.4m, or a margin of -2.5% vs +0.4% in Q3 last year and -0.7% for H1 2024. Our forecast was more optimistic at -€ 0.8m i....
Underlying
MISTER SPEX SE

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Andreas Riemann

Jean Danjou

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