Fielmann: Press releases

Interim report as at 30 September 2010

Third quarter 2010: sales revenue + 5 per cent, earnings + 10 per cent
Specialist opticians of tomorrow: 2,715 trainees
2010 as a whole: 500 additional jobs

Our expectations for the first nine months of the year under review have been met. Fielmann increased its unit sales to 4.8 million spectacles, while external sales revenue including value added tax rose by 4.7 per cent to € 876.6 million (previous year € 837.2 million) and group sales revenue by 4.9 per cent to € 747.7 million (previous year € 712.6 million). Pre-tax profit increased by 8.9 per cent to € 129.0 million (previous year € 118.4 million) and the profit after tax to € 91.6 million (previous year € 83.3 million). As at 30 September 2010 there were 652 Fielmann branches.

In the third quarter, Fielmann increased its unit sales to 1.7 million spectacles, achieved external sales revenue of € 302.9 million (previous year € 288.9 million) and group sales revenue of € 260.3 million (previous year € 248.1 million). Pre-tax profit amounted to € 50.8 million (previous year € 46.2 million) and profit after tax of € 36.6 million (previous year € 32.5 million).

At the end of the third quarter Fielmann employed 13,816 members of staff, of whom 2,715 were trainees (previous year: 2,527). With a 5 per cent share of all optician’s stores, Fielmann trains 33 per cent of all trainees in the German optical industry. Our trainees are the specialist opticians of tomorrow. National awards testify to the high standard of training of our staff. In 2010 Fielmann again provided the national winner, 71 per cent of all state winners and 77 per cent of all Chamber of Commerce winners in the practical performance competition of the German optical craftsmen’s trade.

We are confident that we can expand our market position. Our customers stay loyal to us. Consumers buy from companies that guarantee high quality at reasonable prices, and in the optical industry, this means Fielmann. For the year as a whole, Fielmann confirms its forecast, expecting growth in unit sales, sales revenue and earnings, and will create more than 500 new jobs.

Hamburg, November 2010

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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