Fielmann Group AG
FIE
ISIN DE0005772206 / Valor 280923
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 ServicesLatest Results (30.12.2024):
Revenue Growth
In the fourth quarter of 2023, Fielmann Group AG reported a significant increase in revenue, reaching €2.27 billion, marking a 12% growth compared to the previous year. This growth was driven by strong organic performance in existing markets and strategic investments in digitalization and internationalization under the Vision 2025 growth strategy.
EBITDA Margin Improvement
Fielmann Group AG successfully expanded its EBITDA margin by 1.5 percentage points in 2023, achieving a margin of 20.8%. This improvement was attributed to an enhanced product mix and the ongoing Cost Leadership Program, which focused on streamlining core processes and elevating efficiency on a global scale.
E-commerce Performance
The company's digital sales channels experienced a remarkable 17% growth in 2023, reaching external sales of over €100 million for the first time. This achievement was supported by the rollout of an advanced omnichannel platform and the introduction of new features and products, contrasting with declining e-commerce sales in comparable industries.
International Sales Expansion
Fielmann Group AG's international business accounted for 35% of total sales in Q4 2023, reflecting a 14 percentage point increase since 2019. The company reported robust growth in Switzerland and Germany, double-digit growth in Austria, and significant market share gains in Italy, Poland, and Spain, with the latter achieving a 42% sales growth over the previous year.
US Market Entry
In 2023, Fielmann Group AG expanded into the US market through the acquisitions of SVS Vision and Befitting. These strategic moves contributed €32 million in sales from September 2023 onwards, positioning the company to redefine customer expectations in eye care and eyewear in the US market.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3602 M
Market cap (USD)
30,450
Daily traded volume (Shares)
41.7 / 40.75
1 day high/low (USD)
52 weeks high/low (USD)
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EPS (USD)
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Ratings & reviews
Steven Schneider
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