Fielmann: Press releases
1st to 3rd quarter: sales revenue +8 per cent, profits +36 per cent
Training: all national winners are Fielmann staff
2008 year as a whole: 650 additional jobs
The first nine months of financial year 2008 have confirmed our expectations. External sales including VAT rose by 8 per cent to 802.3 million (previous year: 743.7 million) and consolidated sales to 682.0 million (previous year: 631.7 million). Fielmann increased its pre-tax profits by 36 per cent to 127.3 million (previous year: 93.4 million) and profit after tax to 89.3 million (previous year: 56.2 million). Earnings per share amounted to 2.05 (previous year: 1.29). The corporation tax reform impacted positively on net profit for the period, with a reduction in the tax rate from 39.8 per cent to 29.9 per cent.
In the third quarter of 2008, Fielmann achieved an increase in external sales including VAT to 270.0 million (previous year: 250.1 million) and in consolidated sales to 230.8 million (previous year: 214.9 million). Pre-tax profits rose to 47.1 million (previous year: 37.6 million) and profit after tax to 33.0 million (previous year: 22.6 million).
Fielmann is the biggest employer and trainer in the optical industry. As at 30 September, the Company employed 12,552 staff (previous year: 11,865), of whom 2,202 are trainees (previous year: 1,955). The Companys success in training is reflected by nationwide awards. In 2008, Fielmann staff once again accounted for the national winners in the training competition of the German optical industry and for 91 per cent of all state winners.
For 2008, the Company expects growth in sales and profits. External sales are set to rise to more than 1 billion. Taking into account the special factor of subsequent payments from the health insurance funds, income will also increase significantly by a double digit figure. In the financial year as a whole, Fielmann will create 650 additional jobs.
Fielmann is largely debt-free and has access to safely invested liquidity. This financial independence enables us to continue our expansion strategy in the current difficult market environment. Fielmann represents a stable investment. On 4 November 2008, while the DAX had dropped back 35 per cent and the SDAX had fallen 44 per cent since the beginning of the year, Fielmann shares were up 1 per cent on their 2 January 2008 level to 45.62.
Hamburg, November 2008
Fielmann Aktiengesellschaft
The Management Board
Further information:
Dr. Matthias Branahl, Head of Press and Public Relations, Tel.:+ 49 (0) 40 / 270 76 457
Ulrich Brockmann, Head of Investor Relations, Tel.:+ 49 (0) 40 / 270 76 442
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