Fielmann AG — Earnings Release 2016

Apr 20, 2016

News Details

Ad-hoc | 20 April 2016 07:41

Fielmann AG: Preliminary figures as at 31 March 2016

Fielmann AG / Key word(s): Quarterly / Interim Statement

20.04.2016 07:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The first three months of the 2016 financial year were characterised by the
early arrival of Easter and one less shopping day. While the rest of the
optical sector had to absorb a decline in unit sales against the same
period last year of more than 2.0 per cent, Fielmann sold 1.87 million
pairs of glasses again and, in doing so, was able to expand its market
share. External sales totalled EUR 372.1 million (previous year: EUR 373.3
million) and consolidated sales were at EUR 316.4 million (previous year:
EUR 317.1 million). Pre-tax profit amounted to EUR 54.1 million (previous
year:
EUR 62.8 million) and quarterly profit totalled EUR 38.2 million (previous
year: EUR 44.5 million). Earnings in the same period of the previous year
were positively influenced by non-recurring Swiss franc and U.S. dollar
exchange rate developments.
Fielmann is confident for the rest of the year. In the second quarter there
will be three additional shopping days. Fielmann is expanding its market
position and rapidly advancing its Expansion plans. Further branches are to
be opened in Italy. Consumers buy from companies that
guarantee the best service at reasonable prices, and in the optical
industry, this means Fielmann.

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Information and Explanation of the Issuer to this News:

Preliminary figures as at 31 March 2016

2015: Fielmann improves unit sales, revenue and profit
Dividend increases once again: EUR 1.75 per share
First quarter 2016: Fielmann strengthens market position

At its meeting on 14 April 2016, the Supervisory Board of Fielmann AG
approved the consolidated annual accounts for financial year 2015. In the
reporting year, Fielmann increased unit sales, revenue and profit. The
market leader sold 7.81 million pairs of glasses (previous year: 7.59
million spectacles), achieved external sales totalling EUR 1.51 billion
(previous year: EUR 1.43 billion) and consolidated sales of EUR 1.30
billion (previous year: EUR 1.23 billion). Pre-tax profit rose to EUR 240.1
million (previous year: EUR 226.0 million) and net income/profit for the
year went up to EUR 170.5 million (previous year: EUR 162.8 million).
Earnings per share increased to EUR1.97 (previous year: EUR1.87).
The Supervisory Board and Management Board of Fielmann AG will recommend to
the Annual General Meeting on 14 July 2016 to pay a dividend of EUR1.75 per
share (previous year: EUR 1.60). This would represent the eleventh
consecutive dividend payment increase. The dividend yield is therefore 2.6
% based on the closing share price for the year in 2015. The total dividend
pay-out amounts to EUR 147.0 million (previous year: EUR 134.4 million).
The first three months of the 2016 financial year were characterised by the
early arrival of Easter and one less shopping day. While the rest of the
optical sector had to absorb a decline in unit sales against the same
period last year of more than 2.0 per cent, Fielmann sold 1.87 million
pairs of glasses again and, in doing so, was able to expand its market
share. External sales totalled EUR 372.1 million (previous year: EUR 373.3
million) and consolidated sales were at EUR 316.4 million (previous year:
EUR 317.1 million). Pre-tax profit amounted to EUR 54.1 million (previous
year:
EUR 62.8 million) and quarterly profit totalled EUR 38.2 million (previous
year: EUR 44.5 million). Earnings in the same period of the previous year
were positively influenced by non-recurring Swiss franc and U.S. dollar
exchange rate developments.
Fielmann is confident for the rest of the year. In the second quarter there
will be three additional shopping days. Fielmann is expanding its market
position and rapidly advancing its Expansion plans. Further branches are to
be opened in Italy. Consumers buy from companies that
guarantee the best service at reasonable prices, and in the optical
industry, this means Fielmann.
The complete interim report will be published on 28 April 2016.

Hamburg, April 2016

Fielmann Aktiengesellschaft
The Management Board

Further information:
Ulrich Brockmann, Head of Investor Relations, tel: +49 (0) 40 270 76 - 442

20.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Fielmann AG
Weidetrasse 118a
22083 Hamburg
Germany
Phone: +49 (0)40 270 76-0
Fax: +49 (0)40 270 76-390
E-mail:
Internet: www.fielmann.de
ISIN: DE0005772206
WKN: 577220
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX

End of Announcement DGAP News-Service

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