07.01.2021 Fielmann AG  DE0005772206

DGAP-Adhoc: Fielmann AG: Fielmann exceeds FY 2020 forecast


 

DGAP-Ad-hoc: Fielmann AG / Key word(s): Preliminary Results/Annual Results
Fielmann AG: Fielmann exceeds FY 2020 forecast

07-Jan-2021 / 14:53 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.


After the forecast was already adjusted upwards in September 2020, preliminary estimates show that Fielmann AG's results will probably exceed the forecast for the whole year. All of this despite the extensive restrictions due to the ongoing coronavirus pandemic.
According to the estimates, Fielmann generated external sales (including VAT and inventory changes) of € 1,625 million (previous year: € 1,764.6 million). Consolidated sales are expected to stand at €  1,425 million (previous year: € 1,520.7 million). The pre-tax profit will reach nearly 170 million (previous year: € 253.8 million).
As at the end of 2020, Fielmann operated 870 stores (previous year: 776 stores), including 80 stores of the Spanish optical chain Óptica & Audiología Universitaria acquired on 31 December 2020. The Spanish subsidiary will contribute to the Group's earnings for the first time in the 2021 fiscal year.
 

Information and Explanation of the Issuer to this News:

Fielmann exceeds FY 2020 forecast
Business model proves robust despite the extensive restrictions in a year of crisis

Thanks to its robust business model and the outstanding performance of its employees, the German market leader emerges from 2020 in a position of strength. After expectations were already adjusted upwards in September 2020, preliminary estimates show that Fielmann AG's results will probably exceed the forecast for the whole year. All of this despite the extensive restrictions due to the ongoing coronavirus pandemic.

According to preliminary estimates, Fielmann generated external sales (including VAT and inventory changes) of € 1,625 million (previous year: € 1,764.6 million). Consolidated sales are expected to stand at € 1,425 million (previous year: € 1,520.7 million). The pre-tax profit will reach nearly € 170 million (previous year: € 253.8 million).

As at the end of 2020, Fielmann operated 870 stores (previous year: 776 stores), including 80 stores of the Spanish optical chain Óptica & Audiología Universitaria acquired on 31 December 2020. The Spanish subsidiary will contribute to the Group's earnings for the first time in the 2021 fiscal year.

Thanks to the consistent application of our hygiene standards, we safeguarded the health of our customers and employees alike. With our online appointment tool we allow our customers to plan their visit in advance. At the same time, we welcome spontaneous walk-ins using our new digital time management tool. This way, Fielmann optimises the footfall in the store, minimises waiting times and maximises productivity.  

As a financially successful family business, Fielmann enters the new year with confidence. Despite the economic challenges posed by the restrictions due to the ongoing coronavirus pandemic, our business development proves to be resilient and is less affected than it was at the beginning of the pandemic. This strengthens our determination to continue the implementation of our Vision 2025: we continue to invest and thus drive the digitisation and internationalisation of our business model.
Hamburg, 7 January 2021

Fielmann Aktiengesellschaft
The Management Board

Further Information:
Ulrike Abratis, Head of Corporate Communications, Phone: +49 (0) 40 270 76 - 457
Ulrich Brockmann, Head of Investor Relations, Phone: +49 (0) 40 270 76 - 442
 

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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: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1159136

 
End of Announcement DGAP News Service

1159136  07-Jan-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1.299,94 1.337,18 1.385,97 1.428,00 1.520,75 1.428,93 0,00
EBITDA1,2 278,50 281,57 291,32 295,87 384,70 336,70 0,00
EBITDA-Marge3 21,42 21,06 21,02 20,72 25,30 23,56 0,00
EBIT1,4 239,68 241,58 249,05 250,76 253,70 176,26 0,00
EBIT-Marge5 18,44 18,07 17,97 17,56 16,68 12,34 0,00
Jahresüberschuss1 170,53 171,22 172,85 173,63 177,29 120,81 0,00
Netto-Marge6 13,12 12,80 12,47 12,16 11,66 8,45 0,00
Cashflow1,7 160,64 219,16 287,14 205,64 301,75 278,47 0,00
Ergebnis je Aktie8 1,97 1,98 2,00 2,01 2,05 1,39 1,65
Dividende8 1,75 1,80 1,85 1,90 0,00 1,20 1,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Fielmann
WKN Kurs in € Einschätzung Börsenwert in Mio. €
577220 57,150 Kaufen 4.800,60
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
29,16 32,76 0,89 31,35
KBV KCV KUV EV/EBITDA
7,08 17,24 3,36 13,92
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
1,20 1,40 2,45 08.07.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.04.2021 26.08.2021 11.11.2021 29.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,98% -12,49% -14,00% -17,89%
    
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