Fielmann AG : Germany very challenging at year-end, caution called for short term
>Germany -4% in Q3: macro climate depressing group sales - The group had pre-announced its Q3 results last week (sales close to € 463m, EBT close to € 52m) and lowered its full-year guidance for 2022 (sales expected to be close to € 1,750m, EBIT expected to exceed € 160m). The detailed figures released yesterday (cf. tables overleaf) therefore unsurprisingly reflect virtually flat total Q3 sales at € 462.7m (after +8% in H1) and EBT of € 52m, i.e. a margin of 11.2% vs...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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