Fielmann: Press releases

Preliminary figures for the 2008 financial year

External sales: € 1.06 billion
Dividend: € 1.95 per share
Staff: 750 new jobs

Our expectations for the 2008 financial year have been met. 6.1 million pairs of glasses were sold (previous year: 6 million). External sales incl. VAT rose to € 1.06 billion (previous year: € 984 million), and the consolidated sales increased to € 903 million (previous year: € 839 million). The pre-tax result went up to an estimated € 161 million (previous year: € 136 million) and annual net income to approximately € 113 million (previous year: € 82 million).

Fielmann is debt-free and has a lot of safely invested liquidity. The group equity ratio is 60%. At the end of the reporting year we had 620 branches (previous year: 599).

The Supervisory Board and Management Board recommendation for the Annual General Meeting on 9 July 2009 is to pay a dividend of € 1.95 per share for the 2008 financial year (previous year: € 1.40).

One reason for our success is our competent and dedicated staff. Fielmann created 750 additional jobs in the 2008 financial year, of which 588 were in Germany, and it is the largest employer and trainer in the German optical industry. As at the end of 2008, Fielmann employed 12,608 members of staff (previous year: 11,858), of whom 2,212 were trainees (previous year: 1,941). The company’s success in training is reflected by nationwide awards. In 2008, Fielmann produced the national winners of the German optical industry’s training competition and 91% of the state winners in the assistants’ category.

The German government is expecting an economic slump in gross domestic product of 2.25 per cent for 2009. Fielmann is confident that it can strengthen its market position. In difficult economic times, consumers buy from companies that offer high quality at fair prices: in the optical industry, Fielmann offers precisely this. We are planning to open 25 new branches this year, and to create several hundred additional positions. Financial independence is providing us with the opportunity, even in the current climate, to press ahead with our expansion strategy.

Hamburg, February 2009

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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