Fielmann AG - Earnings Release 2020

News Details

Ad-hoc | 7 January 2021 14:53

Fielmann AG: Fielmann exceeds FY 2020 forecast

Fielmann AG / Key word(s): Preliminary Results/Annual Results

Fielmann AG: Fielmann exceeds FY 2020 forecast

07-Jan-2021 / 14:53 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

After the forecast was already adjusted upwards in September 2020, preliminary estimates show that Fielmann AG’s results will probably exceed the forecast for the whole year. All of this despite the extensive restrictions due to the ongoing coronavirus pandemic.

According to the estimates, Fielmann generated external sales (including VAT and inventory changes) of € 1,625 million (previous year: € 1,764.6 million). Consolidated sales are expected to stand at € 1,425 million (previous year: € 1,520.7 million). The pre-tax profit will reach nearly 170 million (previous year: € 253.8 million).

As at the end of 2020, Fielmann operated 870 stores (previous year: 776 stores), including 80 stores of the Spanish optical chain Óptica & Audiología Universitaria acquired on 31 December 2020. The Spanish subsidiary will contribute to the Group’s earnings for the first time in the 2021 fiscal year.

Information and Explanation of the Issuer to this News:

Fielmann exceeds FY 2020 forecast

Business model proves robust despite the extensive restrictions in a year of crisis

Thanks to its robust business model and the outstanding performance of its employees, the German market leader emerges from 2020 in a position of strength. After expectations were already adjusted upwards in September 2020, preliminary estimates show that Fielmann AG’s results will probably exceed the forecast for the whole year. All of this despite the extensive restrictions due to the ongoing coronavirus pandemic.

According to preliminary estimates, Fielmann generated external sales (including VAT and inventory changes) of € 1,625 million (previous year: € 1,764.6 million). Consolidated sales are expected to stand at € 1,425 million (previous year: € 1,520.7 million). The pre-tax profit will reach nearly € 170 million (previous year: € 253.8 million).

Thanks to the consistent application of our hygiene standards, we safeguarded the health of our customers and employees alike. With our online appointment tool we allow our customers to plan their visit in advance. At the same time, we welcome spontaneous walk-ins using our new digital time management tool. This way, Fielmann optimises the footfall in the store, minimises waiting times and maximises productivity.

As a financially successful family business, Fielmann enters the new year with confidence. Despite the economic challenges posed by the restrictions due to the ongoing coronavirus pandemic, our business development proves to be resilient and is less affected than it was at the beginning of the pandemic. This strengthens our determination to continue the implementation of our Vision 2025: we continue to invest and thus drive the digitisation and internationalisation of our business model.

Hamburg, 7 January 2021

Fielmann Aktiengesellschaft

The Management Board

Further Information:

Ulrike Abratis, Head of Corporate Communications, Phone: +49 (0) 40 270 76 – 457

Ulrich Brockmann, Head of Investor Relations, Phone: +49 (0) 40 270 76 – 442

07-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	Fielmann AG
	Weidetrasse 118a
	22083 Hamburg
	Germany
Phone:	+49 (0)40 270 76-0
Fax:	+49 (0)40 270 76-390
Internet:	www.fielmann.de
ISIN:	DE0005772206
WKN:	577220
Indices:	SDAX
Listed:	Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID:	1159136