Fielmann AG : Acquisition in US now effective, unsurprising new full-year guidance, business trend confirmed as positive in Q3
>Acquisition of SVS Vision now effective, with the group’s 2023 guidance adjusted: top line trend confirmed as solid, but the margin outlook looks conservative - The acquisition of SVS in the US ($ 100m of revenues, EBITDA margin close to 11%) is now effective (as of 1 September) and Fielmann will thus consolidate the business over four months in 2023. As promised at the H1 earnings release last week, it has adjusted its FY 2023 guidance, with the group now expecting ...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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