Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014
Preliminary Results for Q1 2020
In the first three months of 2020, unit sales declined by 14.4 percent to 1.7 m glasses (Q1 2019: 1.99 m glasses). External sales, including VAT and inventory changes, stood at €407.4 m (Q1 2019: €437.6 m). Despite a favourable development in January and February, Q1 net corporate sales declined to €355.3 m (Q1 2019: €371.8 m).Pre-tax profits were €17.6 m (Q1 2019: €67.2 m), net profit €11.8 m (Q1 2019: €46.9 m ).
The Q1 results are strongly influenced by temporary store closures starting mid-March 2020 that brought about sales declines of more than 80 percent during that period. Most of the immediate and wide-ranging cost reductions that subsequently have been executed only took effect in Q2 2020.
Detailed information will be available on 29 April 2020 when Fielmann AG publishes its consolidated FY 2019 results as well as the Q1 results of the current year.
Hamburg, 27 April 2020