Preliminary figures for the 2017 financial year

Fielmann increases units sold, sales revenue and profits. Fielmann raises dividend to € 1.85 per share.

With customer-friendly services, glasses at the best prices and wide-ranging guarantees, Fielmann has increased the number of units sold, sales revenue and profits for the reporting year under review.

Fielmann increased the number of units sold to 8.11 million pairs of glasses (previous year: 7.99 million), despite four fewer shopping days than in 2016. External sales including VAT grew to € 1.61 billion (previous year: € 1.55 billion) and consolidated sales rose to € 1.39 billion (previous year: € 1.34 billion). The pre-tax result increased to an anticipated € 249 million (previous year: € 241.5 million) and the net income for the year went up to € 173 million (previous year: € 171.2 million). A tax audit has led to a change in the transfer price system between the national subsidiaries for the years from 2014 to 2017. As a result, the tax rate for 2017 increased disproportionately.

Fielmann is maintaining its long-standing shareholder-friendly dividend policy. For the 2017 financial year, the Management Board and the Supervisory Board will recommend a dividend payout of € 1.85 per share (previous year: € 1.80) to the Annual General Meeting on 12 July 2018. This recommendation is based on the company’s continued positive development and the available liquidity. Considering the year-end closing price, the dividend yield amounts to 2.5% (previous year: 2.9%). The total dividend pay-out is € 155.4 million (previous year: € 151.2 million).

The basis of our success are highly skilled, motivated employees. Fielmann created 649 additional jobs in the reporting year, and is the largest employer and training provider in the optical industry in Germany. At the end of the year, Fielmann employed 18,552 members of staff (previous year: 17,873), of whom 3,417 are apprentices (previous year: 3,190). National awards testify to the high standard of our training.

At the end of the reporting year, Fielmann operated 723 stores (previous year: 704). Fielmann continues to drive expansion both domestically and abroad. We are confident of increasing our market shares in the current financial year, too.

Hamburg, February 2018

Fielmann Aktiengesellschaft
The Management Board

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