Interim report as at 30 September 2016
Fielmann improves unit sales and revenue
Opticians of tomorrow: more than 3,000 trainees
Fielmann creates 500 new jobs
With consumer-friendly services, glasses at a reasonable price and comprehensive guarantees, Fielmann increased unit sales in the first three quarters of 2016 to 5.90 million pairs of glasses (previous year: 5.77 million pairs of glasses), while external sales including VAT improved to EUR 1,174.6 million (previous year: EUR 1,149.7 million) and consolidated sales rose to EUR 1,009.3 million (previous year: EUR 986.7 million). Pretax profit totalled EUR 186.8 million (previous year: EUR 193.4 million), while profit after tax amounted to EUR 132.5 million (previous year: EUR 137.5 million).
In the third quarter, Fielmann improved unit sales to 1.98 million pairs of glasses (previous year: 1.97 million pairs of glasses). External sales including VAT grew to EUR 402.7 million (previous year: EUR 395.1 million) and consolidated sales rose to EUR 348.9 million (previous year: EUR 342.3 million). The quarterly pre-tax profit amounts to EUR 70.1 million (previous year: EUR 77.0 million) and profit after tax totalled EUR 49.7 million (previous year: EUR 54.8 million).
At the end of the third quarter, Fielmann employed 17,928 members of staff (previous year: 17,318), of which 3,251 are trainees (previous year: 3,104). With a 5 per cent share of specialist optical stores, Fielmann accounts for more than 40 per cent of all trainees in the optical industry in Germany. Our trainees are the opticians of tomorrow.
Fielmann is continuing its expansion. Over the course of the year, the Group will open additional shops, enlarge existing shops, move to better locations and equip further branches with hearing aid departments. Fielmann is confident of being able to expand its market position. Consumers buy from companies that guarantee high quality at reasonable prices: in the optical industry, this means Fielmann. In the fourth quarter, Fielmann anticipates a rise in unit sales and revenue corresponding to that seen in the first nine months of the year. For 2016, Fielmann anticipates a pre-tax result slightly below the previous year's figure and the creation of over 500 new jobs.
Hamburg, October 2016
The Management Board