Fielmann Group AG

Latest Results (25.10.2025):

In FY2024, Fielmann Group AG reported consolidated sales of approximately €2.3 billion, marking a 15% increase from the previous year. The company achieved a significant growth in adjusted EBITDA by 23%, reaching €491 million, and improved profitability margins both at the group level and across Europe. Strong organic growth and strategic acquisitions in the US contributed to the overall positive financial performance.

Sales Growth and Market Share

Fielmann Group AG experienced robust sales growth in Central Europe, with Germany up by 7%, Austria by 10%, and Switzerland by 5%. The Spanish market also saw a 10% increase, while other European markets grew by 5%, driven by double-digit growth in Poland and the Czech Republic. Despite challenges in Italy, overall market share gains were achieved across major geographies.

Enhanced Profitability

The adjusted EBITDA margin for Fielmann Group AG rose to 21.7%, a 1.5 percentage point increase from the previous year. In Europe, the margin improved by 2.1 percentage points to 22.8%, while the US segment reached an adjusted EBITDA margin of 9.9%. This profitability boost was fueled by strong organic growth, an improved sell-out mix, and effective cost control measures.

Fielmann USA Expansion

Fielmann USA grew to approximately €200 million in 2024, driven by the full-year consolidation of SVS Vision and the integration of Shopko Optical from July onwards. On a like-for-like basis, US sales increased by 11%, outperforming the market and reinforcing Fielmann's presence in the American eyecare sector.

Primary Eyecare and Innovative Services

The primary eyecare business surged to €40 million, significantly boosted by US acquisitions. In Europe, Fielmann introduced the Eye Health Check Up, attracting over 130,000 customers across Germany, Switzerland, and Austria. This innovative service is rapidly expanding, with increasing daily check-ups per store and broader availability across more locations.

Dividend Increase

Reflecting the strong financial performance, Fielmann Group AG’s Management and Supervisory Boards recommended increasing the dividend to €1.15 per share, up from €1.00 the previous year. This decision underscores the company's commitment to rewarding shareholders alongside its continued growth and profitability.