Fielmann AG : Still challenging conditions at the start of the year, 2022 growth could still be in the region of 10%
>No surprises in final 2021 figures but sales growth in Q1 is somewhat modest at +8.5%, i.e. +4% above Q1 2019 like-for-like - The full final figures for FY 2021 confirm as expected the preliminary results announced on 24 February, namely sales up 17.4% y-o-y to € 1,678.2m (i.e. Q4 at around € 428m, flat y-o-y l-f-l and 2-year growth of 10% l-f-l) and EBT of € 209.7m (margin of 12.5% versus 12.3% reported for FY 2020) which includes a software writedown of € 15m boo...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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