Fielmann Group AG

FIE

Equity

ISIN DE0005772206 / Valor 280923

Xetra (2024-12-23)

EUR 41.00+0.24%

Fielmann Group AG
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About company

Fielmann Group AG, founded by Günther Fielmann in 1972 with its first store in Cuxhaven, has significantly influenced and transformed the optical industry. The company, which began with the innovative idea of prioritizing customer needs, has democratized eyewear fashion and pioneered in selection, guarantees, and service over the decades. Today, Fielmann Group AG stands as the market leader in Central Europe and ranks among the largest opticians globally. It operates branches and online shops not only under the Fielmann brand but also through other brands such as Optika Clarus in Slovenia, Óptica & Audiología Universitaria and Medical Óptica Audición in Spain, and SVS Vision in the USA. The company serves around 28 million customers, offering glasses, contact lenses, hearing systems, and eye care services.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In Q4 2023, Fielmann Group AG reported a significant increase in revenue, achieving a total of €2.27 billion. This represents a notable growth compared to previous quarters, driven by strong performance in both existing and new markets.

EBITDA Margin Improvement

Fielmann Group AG successfully improved its EBITDA margin in Q4 2023, reaching 20.8%. This marks a positive turnaround from the 19.3% margin recorded in 2022, attributed to better sales structures and cost-saving measures.

E-Commerce Performance

The company's digital sales channels saw a remarkable growth of 17% in Q4 2023, contributing over €100 million to the total revenue. This growth is particularly impressive given the overall decline in online sales across various industries.

International Market Expansion

Fielmann Group AG's international markets continued to perform strongly in Q4 2023, with the foreign revenue share reaching 35%. This growth was driven by robust sales in countries like Austria, Italy, and Spain, as well as new market entries in the USA.

Profitability and Cost Management

In Q4 2023, Fielmann Group AG focused on enhancing profitability through efficient cost management. The company's efforts in streamlining core processes and increasing global efficiency are expected to positively impact future earnings.

Summarized from source with an LLMView Source

Key figures

-14.7%1Y

-30.0%3Y

-42.7%5Y

Performance

23.3%1Y

27.2%3Y

26.6%5Y

Volatility