Fielmann AG : H1 in line, confirmation of guidance given at AGM
>Organic revenue growth showing slight acceleration in Q2 at +6% after +4% in Q1 and EBITDA and EBT margin gains y-o-y in H1 confirmed as moderate at c.+50bp - The group had used the AGM held on 11 July to provide preliminary figures for H1 (revenues close to € 1.1bn with growth of 12% with recently consolidated US revenues expected at € 58m, EBITDA at € 235m/€ 240m, or a margin of close to 21.6% vs 21.2% in H1 2023, EBT close to € 125m vs € 108m a year earlier) and ...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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