Fielmann AG : A strong start to the year, now it needs to deliver on its profitability targets
>+15% reported growth in Q1 with EBT expanding by 18% - While releasing its full and final 2022 results (it had already posted preliminary results on which we had commented on 24 February, including revenues at c.€ 1.760bn and EBT at c.€ 160.7m), the group has also published its Q1 2023 results. So, without any surprises, 2022 revenues amounted to € 1.759.3bn with growth reaching +5% y-o-y and Q4 revenues came to € 442.1m with growth of c.+3% (Germany, accounting for ...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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