Fielmann: Press releases

Interim report as at 30 September 2011

1st - 3rd quarter: sales revenue + 6 per cent, profit + 9 per cent
Qualified specialists of tomorrow: 2,773 trainees
Full year 2011: 480 new jobs

Our expectations for the first nine months of 2011 have been met. With its consumer-friendly services, glasses at a reasonable price and comprehensive guarantees, Fielmann expanded its market shares.

While the rest of the optical industry suffered a decline in unit sales of – 1 per cent in the first nine months of 2011, Fielmann was able to increase its unit sales by 4.2 per cent to 5.0 million pairs of glasses. External sales including VAT rose by 6.2 per cent to € 930.9 million (previous year: € 876.6 million) and consolidated sales by 6.4 per cent to € 795.8 million (previous year: € 747.7 million).The pre-tax profit grew by 7.9 per cent to € 140.1 million (previous year: € 129.9 million) and profit after tax by 8.6 per cent to € 100.2 million (previous year: € 92.3 million).

Fielmann generated external sales of € 315.5 million (previous year: € 302.9 million) and consolidated sales of € 272.1 million (previous year: € 260.3 million), increasing its pre-tax quarterly profit to € 53.7 million (previous year: € 51.1 million) and its profit after tax to € 38.4 million (previous year: € 36.3 million).

As at the end of the third quarter, Fielmann employed 14,297 members of staff, of which 2,773 are trainees. With a 5 per cent share of specialist optical stores, Fielmann accounts for 35 per cent of all trainees in the optical industry in Germany. Our trainees are the qualified specialists of tomorrow. The high standard of our training is confirmed by national awards. In 2011, Fielmann again accounted for all the national winners in the training competition of the German optical craftsmen’s trade, providing 92 per cent of all state winners.

We are confident of expanding our market position. Consumers buy from companies which guarantee them high quality at reasonable prices and in the optical industry, this means Fielmann. For the year as a whole, Fielmann confirms its forecast, is expecting growth in unit sales, sales revenue and profit and will create more than 480 new jobs.

Hamburg, November 2011

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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