Fielmann AG : H1 in line with forecasts, significant margin growth expected in 2025 despite the US
>H1 preliminary figures released for the AGM: Sales at +12% and EBT at € 125m in line with our forecasts - Ahead of its AGM on 11 July, the company has released in advance its preliminary H1 figures and updated guidance elements for both 2024 and 2025. H1 sales are expected at close to € 1,100m at +12% y/y with a € 58m contribution from the US (growth outside of the US at 6%), EBITDA is forecast with a range of € 235-240m (giving y/y margin growth from 21.2% to 21.6%...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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