Fielmann AG : Growth prospects firmly in evidence, caution reiterated on margins but the overall perspective remains favorable
>Sales grew by around 10% in Q3 and the margin improved sharply, but management is still a little cautious about profitability in Q4 - The German opticians group reported +9.5% y-o-y sales growth in Q3 to € 460.8m and EBT of € 85.4m with a margin of 18.5%. Sales came out roughly in line with the pre-release FactSet consensus, but the gap is wider on the EBT line at around +4%. Business is picking up again for its boutiques in Europe as restrictions on movement brought...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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