Our expectations for the 2019 financial year have been met. With its customer-friendly philosophy, Fielmann has once again increased the number of units sold, sales revenue and profits.
The number of units sold went up to 8.28 million pairs of glasses (previous year: 8.15 million). External sales including VAT grew to €1.77 billion (previous year: €1.65 billion) and consolidated sales rose to €1.52 billion (previous year: €1.43 billion). The pre-tax result stands at an anticipated €253 million (previous year: €250.9 million) and the net income for the year at €177 million (previous year: €173.6 million).
Fielmann is maintaining its long-standing shareholder-friendly dividend policy. Considering the company's positive development as well as the available liquidity, the Management Board and the Supervisory Board will recommend a dividend payout for the 2019 financial year of €1.95 per share (previous year: €1.90) to the Annual General Meeting on 9 July 2020. Based on the year-end closing price, the dividend yield amounts to 2.7%. The total dividend pay-out is €163.8 million (previous year: €159.6 million) and the payout ratio is around 95% (previous year: 94.5%).
The basis of our success are our 20,397 highly skilled and motivated employees (previous year: 19,379), of whom 4,268 are apprentices (previous year: 3,853). At the reporting date, Fielmann operated 776 stores (previous year: 736), of which 207 also feature hearing aid studios (previous year: 193).
Fielmann is firmly implementing its Vision 2025 strategy by investing in digitization, the international roll-out and the expansion of its market position. The business development of the first few weeks of the new year firmly support our expectations.
Hamburg, 20 February 2020
The Management Board