Interim report as at 30 June 2017

The results of the first half of 2017 are in line with our expectations. With customer-friendly services, glasses at the best prices and wide-ranging guarantees, Fielmann has increased its number of units sold, sales revenue and profits.

Fielmann increased its units sold in the first six months by 2.2% to 4.01 million (previous year: 3.93 million), and raised external sales incl. VAT by 5.3% to € 813 million (previous year: € 771.9 million). Consolidated sales went up by 5.3% to € 695.4 million (previous year: € 660.4 million). The pre-tax profit increased by 6% in the first half of the year to € 123.6 million (previous year: € 116.6 million) and the net income for this period rose by 6% to € 87.7 million (previous year: € 82.7 million).

Despite three fewer shopping days in the second quarter, Fielmann increased its units sold to 2.06 million (previous year: 2.05 million). External sales incl. VAT rose to € 410.1 million (previous year: € 399.8 million), while consolidated sales grew to € 353.5 million (previous year: € 344 million). From April to June, the pre-tax profit amounted to € 63 million (previous year: € 62.6 million) and the net income stood at € 44.7 million (previous year: € 44.4 million).

At the end of the second quarter, Fielmann employed 17,862 members of staff (previous year: 17,140), of whom 2,924 are apprentices (previous year: 2.826). This year, more than 1,000 young people began their apprenticeships with the German market leader.

In 2017, Fielmann opened new stores in the Italian cities Vicenza, Verona, Trento, Varese and Piacenza. As at 30 June, we operated a total of 711 stores (previous year: 700). Fielmann continues to grow, plans to open additional stores, to expand existing ones and to move to more attractive locations. We are confident that we will increase our market position and we expect our business to develop positively.

Hamburg, 31 August 2017

Fielmann Aktiengesellschaft
The Management Board