Fielmann AG : Generally favourable H1 trajectory but the group leaves its full-year targets unchanged
>Favourable preliminary H1 figures, slightly ahead of expectations, but full-year guidance reiterated - The group issued a trading statement on the occasion of its annual general meeting of shareholders on 13 July. H1 sales are seen growing +13% y-o-y to € 966m, with EBITDA around € 207m (margin around 21% compared with 20.1% in H1 2022,) and EBT close to € 108m (margin around 11% compared with 10.4% in H1 2022). We looked for sales of € 957.8m (+12%), EBITDA of € 198...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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