EQS-News

Preliminary financials for FY2023: Fielmann Group grows sales +12%, EBITDA +21%, EBITDA margin +1 percentage point

EQS-News: Fielmann Group AG / Key word(s): Preliminary Results/Annual Results Preliminary financials for FY2023: Fielmann Group grows sales +12%, EBITDA +21%, EBITDA margin +1 percentage point 29.02.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement.

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Preliminary financials for FY2023
Fielmann Group grows sales +12%, EBITDA +21%, EBITDA margin +1 percentage point

• Vision 2025 investments see Fielmann Group exceed sales goal, margin increase on track
• External e-commerce sales increase +17% to more than €100 million
• International markets’ share increases to 35% of total Group sales in Q4/2023

Over the course of 2023, persistently high inflation levels coupled with rising interest rates saw consumers reduce their spending and opt for providers that offer guaranteed quality and excellent service at the best price. In the optical and acoustic industry, this is the Fielmann Group. The German family business significantly extended its market shares across major markets, outperformed its Vision 2025 sales goal, and expanded its EBITDA margin.

Preliminary financials for FY2023
In 2023 the Fielmann Group generated external sales of around €2.27 billion (incl. VAT and inventory changes), a 12% increase over previous year (€2.03 billion). Consolidated sales rose to €1.97 billion (+12%, previous year: €1.76 billion). These figures are in line with the guidance we communicated in September and confirmed in November.

The main drivers of our positive development were strong organic growth in existing markets amounting to +8% compared to previous year and acquisitions contributing an additional growth of +4%. Vision 2025 investments in the digitalisation and internationalisation of our family business drove the outperformance of our digital channels (+17% over last year), reaching external sales of more than €100 million for the first time (5% of total Group sales). Our international business continued to grow strongly, making up 35% of the Group’s total sales in Q4/2023 which is an increase by 14 percentage points since the inception of Vision 2025 in 2018.