Acquisition Shopko Optical boosts revenue Fielmann

Fielmann AG, a leading eyewear and optical retailer in Europe, recently reported strong financial growth for the first half of 2024. The company saw sales rise by 11 percent; to approximately €1.08 billion, bolstered by organic growth and key acquisitions, including the U.S.-based Shopko Optical. This acquisition is part of Fielmann 's Vision 2025 strategy, which emphasizes international expansion and digital innovation. In addition, its U.S. market sales increased by 9 percent;, further driving its revenue through expanded eye exam capacities and enhanced omnichannel services.

Steady in Europe

In Europe, Fielmann 's performance was steady despite challenging consumer sentiment, with notable growth in markets like Austria and Poland. The company also expanded its healthcare services, introducing advanced eye health check-ups that integrate AI technology, helping thousands of customers get timely diagnoses. Fielmann aims to reach a group-wide EBITDA margin of about 24 percent; by 2025, aided by these innovations and growth in both European and U.S. markets.

Tomorrow the German Fielmann will report its past quarters results. For this year Fielmann 's (located in Hamburg) revenue will be around 2.26 billion euros. This is according to the average of the analysts' estimates. The expected revenue would be a record for the company. This is rather significant more than 2023's revenue of 1.97 billion euros.

Historical revenues and results Fielmann plus estimates 2023

Fielmann glasses advertisment Germany © Fielmann

The analysts expect for 2024 a net profit of 158 million euros. The majority of the analysts expects for this year a profit per share of 1.88 euros. Based on this the price/earnings-ratio is 25.21.

Analysts expect a dividend of 1.13 euros per share. Thus the dividend yield equals 2.38 percent. The average dividend yield of the personal goods companies equals an attractive 2.95 percent.

Recent target prices around 56 euros

The most recent recommendations for the personal goods company are from M.M. Warburg & Co., Barclays and M.M. Warburg & Co..

Fielmann 's market capitalization is based on the number of outstanding shares around 3.98 billion euros.

Historical stock prices Fielmann past 17 years

On Wednesday the stock closed at 47.4 euros.

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