Fielmann Group Reports Robust Sales Growth in 2023 and Q1 2024

Fielmann Group has achieved a 12% increase in sales for the fiscal year 2023 and continued its positive performance with an 11% growth in the first quarter of 2024. This growth comes despite the challenging market environment characterized by high inflation and increasing interest rates which impacted consumer spending. The Group credits its success to its focus on delivering quality and excellent service, which has helped expand their market share in the optics and acoustics segments.

For 2023, Fielmann Group reported external sales reaching €2.27 billion, and its EBITDA increased by 21% to €410 million, reflecting an expanded margin to 20.8%. The first quarter of 2024 saw a continued increase in sales by 11% year-over-year, amounting to €529 million. The profitability indicators also showed improvement, with EBITDA growing by 11% to €117 million. Growth was particularly strong in the U.S., whereas the European market showed a more modest increase.

Looking ahead to the full year 2024, Fielmann Group anticipates a topline growth similar to 2023, expecting consolidated sales to ascend to about €2.2 billion. The Group also aims to enhance its profitability further, leveraging its cost leadership strategy and continued focus on customer satisfaction, which remains over 90%.