Fielmann: Press releases
Interim report as at 30 June 2014
Fielmann increases sales, unit sales and profit
Fielmann shares: stock split at a ratio of 1 to 2
Fielmann recruits more than 900 trainees
Fielmanns expectations for the first half of 2014 have been met. With its consumer-friendly ser-vices, spectacles at a reasonable price and comprehensive guarantees, Fielmann expanded its market shares.
In the first half of 2014, Fielmanns unit sales increased by 5.5 per cent to 3.7 million pairs of glasses (previous year: 3.5 million pairs of glasses), while external sales including VAT rose by 7.0 per cent to 717.8million (previous year: 671.1 million) and consolidated sales were up 7.2 per cent to 613.0 million (previous year: 571.9 million). Pre-tax profit improved by 16.1 per cent to 107.2 million (previous year: 92.3 million) and profit after tax by 14.8 per cent to 75.6 million (previous year: 65.8 million).
In the second quarter, Fielmann increased its unit sales by 1.9 per cent to 1.9 million pairs of glasses (previous year: 1.8 million pairs of glasses). External sales including VAT grew by 3.8 per cent to 356.4 million (previous year: 343.4 million) and consolidated sales by 4.3 per cent to 306.6 million (previous year: 294.1 million). Pre-tax quarterly profit grew by 6.7 per cent to 48.2 million (previous year: 45.2 million) and profit after tax by 4.9 per cent to 33.8 million (previous year: 32.2 million).
Fielmann operates according to an investor-friendly shareholder policy. In order to increase the appeal of Fielmann shares, the Annual General Meeting of Fielmann AG on 3 July 2014 re-solved to carry out a stock split at a ratio of 1 to 2. On completion of this capital measure on 22 August 2014, Fielmann shares were trading at 49.05.
As at 30 June 2014, Fielmann operated 679 branches. By the end of the second quarter, Fielmann employed 16,030 members of staff (previous year: 15,427 employees), of which 2,683 are trainees (previous year: 2,586 trainees). With 5 per cent of German specialist optical stores, Fielmann accounts for 38 per cent of all trainees in the optical trade. More than 900 young people will start their apprenticeships with Fielmann this year.
Fielmann is confident that it will be able to strengthen its market position. For 2014, the com-pany is still expecting a positive business development and will once again increase sales, unit sales and profit.
Hamburg, August 2014
Fielmann Aktiengesellschaft
The Management Board
Further information:
Dr. Matthias Branahl, Head of Press and Public Relations,
tel.: +49 40 / 270 76 457
Ulrich Brockmann, Head of Investor Relations,
tel. +49 40 / 270 76 442
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