Fielmann AG : Dampened growth expected for Q3, but roadshow with management reinforced our confidence in Fielmann
>Q3 2018 preview and confirmation of full-year estimates - Fielmann will report its Q3 2018 figures on 1 Nov. In view of generally weak footfall at German retail stores due to the long, hot summer, we expect the company to post only moderate yoy sales growth in Q3. We estimate Q3 2018e sales at € 372.2m, up 2.1% yoy (Q3 2017: € 364.5m). We also assume that demand for sun glasses remained relatively strong, resulting in a relatively unfavourable product mix. On the oth...Fielmann is an eyewear manufacturing group based in Germany. Co. is predominately active in the optical industry and operates across every level: as manufacturer, agent and optician. Co. is involved in the operation of and investment in opticians' shops, hearing aid companies and the manufacture of and trade in visual aids and other optical products, in particular spectacles, spectacle frames and lenses, sunglasses, contact lenses, related articles and accessories, freely traded merchandise not subject to licensing of all kinds as well as hearing aids and related accessories. Co. markets its products in Germany, Switzerland, Austria, Belarus, Ukraine, Poland, Netherlands, and Luxembourg.
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