Fielmann: Press releases

First six months of 2007: 16 per cent increase in profits
Profit contribution by Switzerland and Austria: 32 per cent
Expansion in Luxembourg: expectations exceeded

The first half year’s results for 2007 have confirmed our expectations. Fielmann unit sales, sales and earnings have increased, with pre-tax profits up 16 per cent to € 55.8 million and profit after tax rising by 12.9 per cent to € 36.5 million. External sales incl. VAT increased by 9.0 per cent to € 493.6 million and consolidated sales were up 6.9 per cent to € 416.8 million. Fielmann sold more than 3 million pairs of glasses in the first six months of the year.

In the second quarter of 2007, Fielmann pre-tax profit increased to € 26.5 million (previous year: € 23.0 million, + 14.9 per cent), with net income for the quarter rising to € 17.1 million (previous year: € 15.4 million, + 11.0 per cent). In the period under review, the group recorded external sales amounting to € 250.6 million (previous year: € 227.4 million, + 10.2 per cent) and Group sales totalling € 213.2 million (previous year: €197.5 million, + 8.0 per cent), with unit sales running to 1.5 million pairs of glasses.

With 11 per cent of unit sales, our branches in Austria and Switzerland contributed 32 per cent to the annual profit for the year and our expansion in Germany and neighbouring countries is also progressing rapidly.

Fielmann has also been present in Luxembourg since the beginning of June, where our expectations were already surpassed in the initial weeks. For the first complete financial year, we are anticipating sales amounting to in excess of € 6.5 million.

At the end of the first six months of the year, Fielmann was operating 585 branches, with more than 11,250 employees, of which 1,610 were trainees. Fielmann now accounts for 5 per cent of all German opticians’ shops and 28 per cent of the total number of trainees in the optical sector. This year, 650 young people will begin their training with Fielmann.

Fielmann is forecasting an increase in unit sales, sales and profits for financial year 2007. For the year as a whole, we intend to open 35 new branches and further acoustic centres, with the creation of an additional 400 jobs.

Hamburg, August 2007

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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