Fielmann: Press releases

Provisional results for financial year 2007
Pre-tax profit for the year: up 27 percent
Dividend: up 17 percent to EUR 1.40 per share
Employees: 698 additional jobs created

Fielmann unit sales, sales volume and profits were all up, confirming our expectations for financial year 2007.

Unit sales of glasses totalled 6 million (previous year: 5.8 million), while external sales including VAT rose to EUR 984 million (previous year: EUR 913 million) and consolidated sales increased to EUR 839 million (previous year: EUR 793 million). The pre-tax profit was up 27 percent to a provisional EUR 136 million, and the operating income for the year increased to approximately EUR 82 million (previous year: EUR 71.8 million). A sum of around EUR 10 million included in the pre-tax result relates among other items, to the consequences of the decision of the German Social Court (Bundessozialgericht) concerning the date on which the health reforms (B 3 KR 20/06 R) came into effect: the health insurances will settle our claims dating back to financial year 2004 in 2008.

In the light of the pleasing business development, the Supervisory and Management Boards will be proposing payment of a dividend for financial year 2007 of EUR 1.40 per share (+17 percent/previous year: EUR 1.20) to the Annual Shareholders’ Meeting to be held on 10 July 2008.

We owe our success to our team of competent and committed staff. In the year under review, Fielmann created an additional 698 jobs. The company is the largest employer and trainer in the optical industry in Germany. At year-end, the number of Fielmann employees totalled 11,858 (previous year: 11,160), of which 1,941 were trainees (previous year: 1,715). With 5 percent of all German opticians (Fielmann: 522 opticians out of an industry total of 10,140), Fielmann is now training 30 percent of all next-generation opticians and in the 2007 practical performance competitions, Fielmann trainees accounted for 80 percent of all state winners. At the end of the year under review, Fielmann was operating 599 branches (previous year: 571).

For 2008, Fielmann is anticipating an increase in unit sales, sales volume and profits, adjusted by the extraordinary effects of health insurance back payments. The company is planning to open 30 new branches and create 400 additional jobs. The first weeks of the current year are giving cause for confidence.

Hamburg, February 2008

Fielmann Aktiengesellschaft
The Management Board

For more information, contact:
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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