Reported Earnings • May 07
First quarter 2026 earnings released: €0.19 loss per share (vs €0.21 loss in 1Q 2025) First quarter 2026 results: €0.19 loss per share (improved from €0.21 loss in 1Q 2025). Revenue: €41.5m (down 7.6% from 1Q 2025). Net loss: €6.48m (loss narrowed 5.1% from 1Q 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Apr 30
Mister Spex SE, Annual General Meeting, Jun 11, 2026 Mister Spex SE, Annual General Meeting, Jun 11, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 28
Full year 2025 earnings released: €0.84 loss per share (vs €2.56 loss in FY 2024) Full year 2025 results: €0.84 loss per share (improved from €2.56 loss in FY 2024). Revenue: €186.0m (down 15% from FY 2024). Net loss: €28.2m (loss narrowed 67% from FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Nov 14
Mister Spex SE to Report Fiscal Year 2025 Results on Mar 26, 2026 Mister Spex SE announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Nov 14
Third quarter 2025 earnings released: €0.15 loss per share (vs €0.47 loss in 3Q 2024) Third quarter 2025 results: €0.15 loss per share (improved from €0.47 loss in 3Q 2024). Revenue: €48.0m (down 18% from 3Q 2024). Net loss: €4.97m (loss narrowed 67% from 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 32% per year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: €0.15 loss per share (vs €0.22 loss in 2Q 2024) Second quarter 2025 results: €0.15 loss per share (improved from €0.22 loss in 2Q 2024). Revenue: €54.1m (down 21% from 2Q 2024). Net loss: €4.82m (loss narrowed 36% from 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to €2.06. The fair value is estimated to be €1.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to decline by 6.0% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Buy Or Sell Opportunity • Jun 18
Now 30% overvalued Over the last 90 days, the stock has fallen 8.3% to €1.60. The fair value is estimated to be €1.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to decline by 6.0% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Announcement • Jun 07
Mister Spex SE Elects Quentin Demeestère as a New Member of the Supervisory Board Mister Spex SE elected Quentin Demeestère, Co-Founder and CEO of the French software company Popwork, as a new member of the Supervisory Board. He succeeds Tobias Krauss, who assumed the role of CEO of Mister Spex SE on 1 April 2025. The Supervisory Board had previously elected Nicola Brandolese as its new Chair. With the proposed election of Quentin Demeestère, Mister Spex SE strengthens its Supervisory Board with an independent, internationally experienced executive who brings deep expertise in strategy, M&A, and digital innovation. Reported Earnings • May 09
First quarter 2025 earnings released: €0.21 loss per share (vs €0.29 loss in 1Q 2024) First quarter 2025 results: €0.21 loss per share (improved from €0.29 loss in 1Q 2024). Revenue: €45.4m (down 13% from 1Q 2024). Net loss: €6.82m (loss narrowed 30% from 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 35% per year. Announcement • Apr 28
Mister Spex SE, Annual General Meeting, Jun 05, 2025 Mister Spex SE, Annual General Meeting, Jun 05, 2025, at 10:00 W. Europe Standard Time. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€7.6m net loss in 3 years). Market cap is less than US$100m (€45.8m market cap, or US$50.2m). Reported Earnings • Mar 28
Full year 2024 earnings released: €2.56 loss per share (vs €1.45 loss in FY 2023) Full year 2024 results: €2.56 loss per share (further deteriorated from €1.45 loss in FY 2023). Revenue: €221.3m (down 3.1% from FY 2023). Net loss: €84.9m (loss widened 77% from FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 17
Third quarter 2024 earnings released: €0.47 loss per share (vs €0.28 loss in 3Q 2023) Third quarter 2024 results: €0.47 loss per share (further deteriorated from €0.28 loss in 3Q 2023). Revenue: €58.5m (down 3.7% from 3Q 2023). Net loss: €15.3m (loss widened 76% from 3Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Mister Spex SE to Report Fiscal Year 2024 Results on Mar 27, 2025 Mister Spex SE announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Aug 30
Second quarter 2024 earnings released: €0.22 loss per share (vs €0.25 loss in 2Q 2023) Second quarter 2024 results: €0.22 loss per share (improved from €0.25 loss in 2Q 2023). Revenue: €69.2m (flat on 2Q 2023). Net loss: €7.56m (loss narrowed 9.7% from 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.6m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€21m net loss in 2 years). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€88.6m market cap, or US$96.6m). Announcement • Jun 25
European Assets Trust plc Announces Retirement of Stuart Paterson from Supervisory Board of Mister Spex SE European Assets Trust PLC announced that Stuart Paterson has retired from the Supervisory Board of Mister Spex SE. Buy Or Sell Opportunity • Jun 13
Now 27% overvalued Over the last 90 days, the stock has fallen 13% to €3.15. The fair value is estimated to be €2.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Buy Or Sell Opportunity • May 14
Now 22% overvalued Over the last 90 days, the stock has fallen 28% to €2.86. The fair value is estimated to be €2.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Reported Earnings • May 09
First quarter 2024 earnings released: €0.29 loss per share (vs €0.24 loss in 1Q 2023) First quarter 2024 results: €0.29 loss per share (further deteriorated from €0.24 loss in 1Q 2023). Revenue: €52.4m (up 1.5% from 1Q 2023). Net loss: €9.72m (loss widened 19% from 1Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the United Kingdom. Buy Or Sell Opportunity • Apr 27
Now 20% overvalued Over the last 90 days, the stock has fallen 9.6% to €3.00. The fair value is estimated to be €2.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Reported Earnings • Mar 29
Full year 2023 earnings released: €1.45 loss per share (vs €1.33 loss in FY 2022) Full year 2023 results: €1.45 loss per share (further deteriorated from €1.33 loss in FY 2022). Revenue: €229.9m (up 6.0% from FY 2022). Net loss: €47.9m (loss widened 6.6% from FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • Mar 29
Mister Spex SE, Annual General Meeting, Jun 07, 2024 Mister Spex SE, Annual General Meeting, Jun 07, 2024. New Risk • Dec 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.2m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€14m net loss in 2 years). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (€92.2m market cap, or US$99.7m). Announcement • Nov 10
Mister Spex SE to Report Fiscal Year 2023 Results on Mar 27, 2024 Mister Spex SE announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: €0.28 loss per share (vs €0.25 loss in 3Q 2022) Third quarter 2023 results: €0.28 loss per share (further deteriorated from €0.25 loss in 3Q 2022). Revenue: €61.2m (up 1.9% from 3Q 2022). Net loss: €8.68m (flat on 3Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.6m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€12m net loss in 2 years). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (€94.6m market cap, or US$99.9m). Announcement • Sep 19
Mister Spex Appoints Stephan Schulz-Gohritz as Chief Financial Officer Mister Spex announced the appointment of Stephan Schulz-Gohritz, as Chief Financial Officer. Stephan is a strategic addition to the Mister Spex’s leadership team, bringing a proven track record of driving growth and profitability, leading turnarounds and building strong finance teams within medical, chemical industries as well as fast-moving consumer goods. As Mister Spex’s CFO, he will lead all aspects of the company’s financial operations, including M&A. Stephan Schulz-Gohritz joins Mister Spex from BIOTRONIK SE & Co. KG, where he was most recently Chief Financial Officer. From 2009 to 2019, Stephan was at HARTMANN AG (DE0007474041). Stephan was Chief Financial Officer (CFO) for the HARTMANN GROUP and held a business responsibility as Chief Retail Officer for company’s consumer goods businesses (KNEIPP and CMC). At HARTMANN, Stephan has successfully doubled the size of the consumer goods business, significantly improved profitability and led its internationalization into Europe, USA, and Asia. He has also built-up M&A and Business Development as corporate functions. Earlier in his career, he held executive position in ALTANA AG being CFO its Pigment Division ECKART GmbH. Reported Earnings • Sep 03
Second quarter 2023 earnings released: €0.25 loss per share (vs €0.23 loss in 2Q 2022) Second quarter 2023 results: €0.25 loss per share (further deteriorated from €0.23 loss in 2Q 2022). Revenue: €68.9m (up 9.0% from 2Q 2022). Net loss: €8.38m (loss widened 11% from 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • Sep 02
Mister Spex SE Reiterates Earnings Guidance for the Full Year 2023 Mister Spex SE reiterated earnings guidance for the full year 2023. For the full year 2023, the company expects revenue growth in the mid to high single-digit percentage range. Revenue growth will be supported by slight increases in the number of orders, average order value and number of active customers. Reported Earnings • Dec 04
Third quarter 2022 earnings released: €0.25 loss per share (vs €0.21 loss in 3Q 2021) Third quarter 2022 results: €0.25 loss per share (further deteriorated from €0.21 loss in 3Q 2021). Revenue: €60.1m (up 17% from 3Q 2021). Net loss: €8.67m (loss widened 5.9% from 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Reported Earnings • Sep 11
Second quarter 2022 earnings released: €0.23 loss per share (vs €1.55 loss in 2Q 2021) Second quarter 2022 results: €0.23 loss per share (improved from €1.55 loss in 2Q 2021). Revenue: €63.3m (up 9.1% from 2Q 2021). Net loss: €7.54m (loss narrowed 39% from 2Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. Reported Earnings • May 14
First quarter 2022 earnings released: €0.30 loss per share (vs €0.25 loss in 1Q 2021) First quarter 2022 results: €0.30 loss per share (down from €0.25 loss in 1Q 2021). Revenue: €48.8m (up 7.1% from 1Q 2021). Net loss: €10.3m (loss widened 80% from 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 11% growth forecast for the industry in the United Kingdom. Reported Earnings • Apr 01
Full year 2021 earnings released: €1.11 loss per share (vs €0.45 loss in FY 2020) Full year 2021 results: €1.11 loss per share (down from €0.45 loss in FY 2020). Revenue: €200.6m (up 19% from FY 2020). Net loss: €31.5m (loss widened 207% from FY 2020). Over the next year, revenue is forecast to grow 16%, compared to a 12% growth forecast for the retail industry in the United Kingdom. Breakeven Date Change • Mar 30
No longer forecast to breakeven The 5 analysts covering Mister Spex no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €1.60m in 2024. New consensus forecast suggests the company will make a loss of €8.63m in 2024. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: €0.21 loss per share. Revenue: €51.2m (flat on 3Q 2020). Net loss: €8.19m (flat on 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the industry in the United Kingdom. 
