28.06.2018
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DGAP-Adhoc: Fielmann AG: Fielmann Increases Market Share, Invests in the Future
DGAP-Ad-hoc: Fielmann AG / Key word(s): Preliminary Results/Half Year
Results
Fielmann AG: Fielmann Increases Market Share, Invests in the Future
28-Jun-2018 / 16:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Fielmann expects to increase unit sales during the first six months of the
year by 1 per cent to a total of 4.05 million pairs of glasses. We have
gained market shares in prescription eyewear, contact lenses and hearing
devices. According to preliminary estimates, external sales are expected to
grow by roughly 1 per cent to 823 million euro, while group-wide sales
should see a 2.0 per cent increase to 711 million euro.
As the market leader Fielmann has used the available liquidity to strengthen
its position in the market, to invest in digitalization and to accelerate
its expansion. We anticipate earnings totalling 116 million euro before
taxes for the first half of the year (previous year earnings: 123.6 million
euro).
The foundation of our success is our skilled employees. By the end of the
first half of the year Fielmann will have increased its number of employees
by roughly 430 to a total of over 18,300.
Each year, Fielmann invests tens of millions in training and professional
development. We offer our employees attractive remuneration packages and
exciting career opportunities. As a result of an increase in salaries, we
expect to see personnel costs in Germany rise by about 10 million euro in
the first six months of 2018.
In the first half-year, Fielmann has also invested more in its digital
capabilities and in its brand image. The impact on earnings will total
roughly 2 million euro.
Fielmann is also accelerating its expansion in Italy. By 30 June 2018
Fielmann operates 12 Italian stores. 6 new openings in Italy are planned for
the second half of the year. Additional up-front costs for these openings
totalling roughly 2 million euro have been factored into the expected
earnings for the first six months of the year.
The development of the Swiss franc will impact both segment sales and
earnings before taxes. The effects are expected to amount to 6 million and 2
million euro, respectively.
In line with the forecast provided in our 2017 business report, we expect
2018 earnings before taxes for the entire year to be on par with those of
the previous year. We anticipate an increase in unit and group-wide sales in
2018 similar to that of 2017.
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28-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Fielmann AG
Weidetrasse 118a
22083 Hamburg
Germany
Phone: +49 (0)40 270 76-0
Fax: +49 (0)40 270 76-390
Internet: www.fielmann.de
ISIN: DE0005772206
WKN: 577220
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated
Unofficial Market in Tradegate Exchange
End of Announcement DGAP News Service
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699837 28-Jun-2018 CET/CEST
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