EQS-News

Fielmann Group with +12% sales growth in 2023 and +11% growth in Q1/2024

EQS-News: Fielmann Group AG / Key word(s): Annual Report/Quarterly / Interim Statement Fielmann Group with +12% sales growth in 2023 and +11% growth in Q1/2024 (news with additional features) 30.04.2024 / 07:29 CET/CEST The issuer is solely responsible for the content of this announcement.

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Fielmann Group with +12% sales growth in 2023 and +11% growth in Q1/2024

• Audited FY2023 reporting in line with preliminary numbers published in February
• +11% sales growth in Q1/2024 over last year despite hard Q1/2023 comparables
• FY2024 forecast envisages double-digit topline growth, increases in both EBITDA and EBT

In 2023, facing persistently high inflation levels and rising interest rates, consumers reduced their spending and opted for providers that offer guaranteed quality and excellent service at the best prices. In the optical and acoustics industries, this is the Fielmann Group. In a challenging market environment, we grew our market shares across major markets, recorded double-digit sales growth, and improved our EBITDA margin in the reporting year. In Q1/2024, consolidated sales as well as EBITDA increased by +11% despite strong previous year’s figures. In FY2024 we expect to continue our strong topline growth at a similar pace as in 2023 and we are going to expand our bottom line with a proportional or slightly higher EBITDA increase as well as a slightly higher EBT margin.

FY2023
“In 2023, the Fielmann Group reached +12% sales growth over previous year. Thanks to our customer-centric philosophy, our loyal customers and the fantastic 23.000 members of our family business we are making great progress en route to our purpose: to help everyone hear and see the beauty in the world”, says CEO Marc Fielmann.

All preliminary figures published in February have been confirmed. The company’s growth was fuelled by a strong organic performance in existing markets, coupled with additional growth resulting from the Vision 2025 investments in the digitalisation and internationalisation of the family business. In a market environment of retreating e-commerce sales, our digital channels outperformed with +17% sales growth over last year, reaching external sales of more than €100 million for the first time (5% of total Group sales). In 2023, our international business expanded by +24% as double-digit growth in many markets was complemented by our acquisitions in North America. In Q4/2023, international markets contributed 35% to the Group’s sales.