Fielmann: Press releases

2008: Dividend rises to EUR 1.95
1st quarter 2009: sales up 3.5 per cent
Crisis as opportunity: 25 new branches

The Supervisory and Management Boards of Fielmann AG will recommend payment of a dividend of EUR 1.95 per share, which is up on the previous year’s dividend of EUR 1.40, to the Annual General Meeting to be held on 9 July 2009, bringing the total sum paid out to EUR 81.9 million (previous year: EUR 58.8 million).

At its last session on 23 April 2009, the Supervisory Board of Fielmann AG approved the annual and consolidated accounts for financial year 2008. The market leader sold 6.1 million pairs of glasses (previous year: 6.0 million), achieved external sales totalling EUR 1.06 billion (previous year: EUR 984.4 million) and consolidated sales amounting to EUR 902.7 million (previous year: EUR 839.2 million). Pre-tax profits rose to EUR 161.8 million (previous year: EUR 136.3 million), while net income for the year totalled EUR 113.9 million (previous year: EUR 82.0 million). Earnings per share for the year 2008 as a whole increased to EUR 2.63 (previous year: EUR 1.88).

In their spring reports, the financial research institutes are forecasting a decline of - 6 per cent in GDP. German retail sales recorded a decline of - 3.3 per cent in real terms for the first months of the current year. The Central Association of German Opticians announced a - 4 per cent drop in sales for the first quarter.

In this difficult environment, Fielmann has been able to increase its external sales by 3.5 per cent to EUR 267.9 million and its consolidated sales by 3.7 per cent to EUR 226.4 million. Fielmann achieved a pre-tax profit of EUR 33.0 million (previous year: EUR 38.7 million) and profit for the quarter totalling EUR 23.2 million (previous year: EUR 27.2 million). In the crisis, we are advancing an offensive to progress our expansion and in line with this, the current year will see the opening of 25 new branches. We are verifying acquisition opportunities and in the first quarter, we added EUR 10 million to our advertising budget: our investment in the future.

Fielmann is confident that it will be able to expand its market position. It is particularly during difficult economic times that consumers buy from companies which guarantee high quality at a reasonable price: and in optics, this means Fielmann.

Hamburg, April 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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