Fielmann AG : Confirmation of difficult times but we are still hopeful
>Top line growth likely to be very limited in H2, but the group believes it can largely deliver on its full-year EBT guidance - The group had already said at the half-year earnings release at end-August that the overall economic climate in German-speaking countries remained bleak in the short term with mass consumption impacted by a particularly threatening macroeconomic context, with the prospect of sales growth in H2 being well down on the +8% seen in H1; indeed at ...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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