Fielmann Group AG

FIE

Equity

ISIN DE0005772206 / Valor 280923

Xetra (2026-10-02)

EUR 37.50-0.66%

Fielmann Group AG
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About company

Fielmann Group AG, headquartered in Hamburg, Germany, is a publicly traded family business specializing in eyewear, contact lenses, hearing aids, and primary eyecare services. Established in 1972 by Guenther Fielmann and listed on the stock exchange since 1994, the company is now managed by the second generation of the Fielmann family. It operates an extensive omnichannel platform that integrates digital sales with a network of over 1,200 retail stores globally, serving approximately 29 million active customers. The company has demonstrated robust financial performance, with a notable increase in adjusted EBITDA by 23% and an improved margin in Europe, reflecting its strong market position and operational efficiency.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line results

Total consolidated sales reached €2,435m in FY2025, up 7.4% versus €2,267m in FY2024; roughly half of that growth (~4% points) was organic.

Profitability improvement

Adjusted EBITDA rose to €581m, lifting the Group adj. EBITDA margin to 23.8% (FY2024: 21.7%). Adjusted EBT increased 30.1% to €313m (adj. EBT margin 12.8%, FY2024: 10.6%) and net income reached a record €205m.

Regional performance — Europe

European operations strengthened margins (Adj. EBITDA margin 24.8%, up 2.0 pts vs FY2024). Germany sales +4% despite weak consumer sentiment; Switzerland and Austria +6%; Spain +10%; double-digit growth in Poland and the Czech Republic.

US momentum

Fielmann USA posted sales of $312m, a 46% increase vs FY2024 ($213m). US adjusted EBITDA margin jumped to 16.2% (FY2024: 9.9%), reflecting a material step-up in platform profitability.

Shareholder return

The Management and Supervisory Boards propose an increased dividend of €1.40 per share for FY2025 (prior year €1.15; +21.7%), to be voted at the AGM on 9 July 2026.

Vision 2025 achievements

Vision 2025 concluded ahead of targets: ~€1bn additional sales since 2018 (nearly double target) and ~€200m higher adj. EBITDA versus 2018 (about 50% above original target). Customer satisfaction remained around 90%.

Outlook

Having completed Vision 2025, Fielmann Group AG says it is positioned to accelerate organic growth under Vision 2035; detailed FY2026 guidance will be published in the Annual Report on 30 April 2026.

Summarized from source with an LLMView Source

Key figures

-25.9%1Y

-9.51%3Y

-35.6%5Y

Performance

24.8%1Y

24.4%3Y

26.4%5Y

Volatility