Fielmann: Press releases

Interim report as at 31 March 2019

Fielmann increases units sold, sales revenue and profits in 2018
Fielmann raises dividend to €1.90 per share
Market leader invests €200 million

At its meeting on 11 April 2019, the Supervisory Board of Fielmann AG approved the consolidated annual accounts for the financial year 2018. With customer-friendly services, glasses at the best prices and wide-ranging guarantees, Fielmann has increased the number of units sold, sales revenue and profits in 2018. The number of units sold grew to 8.15 million pairs of glasses (previous year: 8.11 million). External sales including VAT rose to €1.65 billion (previous year: €1.61 billion) and consolidated sales increased to €1.43 billion (previous year: €1.39 billion). Pre-tax profit rose to €250.9 million (previous year: €248.6 million) and net income for the year went up to €173.6 million (previous year: €172.9 million). The pre-tax profit margin on sales amounted to 17.6%.

Fielmann is maintaining its long-standing shareholder-friendly dividend policy. Considering the company's positive development as well as the available liquidity, the Management Board and the Supervisory Board will recommend a dividend payout of €1.90 per share (previous year: €1.85) to the Annual General Meeting on 11 July 2019. This is the 14th consecutive dividend payment increase. The total dividend pay-out will amount to €159.6 million (previous year: €155.4 million).

The development in the first quarter of 2019 is pleasing. The number of glasses sold in the first quarter of 2019 rose by 3.4% to 1.99 million (previous year: 1.92 million). External sales incl. VAT and changes in inventories increased by 8.9% to €437.6 million (previous year: €401.7 million) and consolidated sales rose by 6.3% to €371.8 million (previous year: €349.9 million). Pre-tax profit was €67.2 million (previous year: €61.4 million) and the net income for the quarter amounted to €46.6 million (previous year: €42.5 million). Fielmann is Germany's largest employer in the optical industry, with a total of 19,274 employees in the Group as at 31 March (previous year: 18,368), of which 3,676 are apprentices (previous year: 3,243).

The first months of the current financial year support our optimistic expectations. Fielmann uses its liquidity to ensure long-term growth. In the years 2019 and 2020 alone, Fielmann will invest a total of more than €200 million in modernisation of its store network, the digitization of its business model and the international expansion of the Group.

Hamburg, 29 April 2019

Fielmann Aktiengesellschaft
The Management Board


Further information:
Ulrich Brockmann, Head of Investor Relations, Telephone: +49 (0)40/270 76 - 442
Ulrike Abratis, Head of Communication & Public Relations, Telephone: +49 (0)40/270 76 - 457



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