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Fielmann Group closes acquisition of Shopko Optical and increases FY2024 outlook

German family business forms leading optical retailer in the Upper Midwest of the United States
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Press release from

Fielmann Group acquires Shopko Optical, expands in Upper Midwest

Next step in German family business’ plans to empower US eyewear customers
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Fielmann Group with +12% sales growth in 2023 and +11% growth in Q1/2024

Sales in Q1/2024 are growing year-on-year despite a strong comparative basis and the forecast for 2024 sees double-digit sales growth.

Audited FY2023 reporting in line with preliminary numbers published in February

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Preliminary financials for FY2023

Fielmann Group grows sales +12%, EBITDA +21%, EBITDA margin +1 percentage point

Vision 2025 investments see Fielmann Group exceed sales goal, margin increase on track
External e-commerce sales increase +17% to more than €100 million
International markets’ share increases to 35% of total Group sales in Q4/2023

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Fielmann Group bids farewell to its founder Guenther Fielmann

After a long and fulfilled life, the entrepreneur and patron died on 3 January 2024 at the age of 84 in his Luetjensee residence in Northern Germany, surrounded by his family.
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New CFO at Fielmann Group AG: Steffen Baetjer succeeds Alexander Zeiss

Steffen Baetjer new CFO of Fielmann Group AG as of 1 January 2024

Georg Alexander Zeiss joins Supervisory Board and assumes responsibility in Fielmann Family’s holding company

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Katrin Carstens

Director Communication & Public Relations
E-mail: press@fielmann.com

Nils Scharwaechter

Director Investor Relations
E-mail: investorrelations@fielmann.com