Germany's largest optical retail chain continued to raise its domestic market share in 2012. In a market that is estimated to have declined by 1 percent, Fielmann boosted the volume of spectacles sold by 4.9 percent to 7.1 million pairs, and the first few weeks of 2013 give it reason to expect that its market share will grow further.
The company's external sales, including VAT, grew by €60 million to €1.29 billion in the past year, and its consolidated sales went up to €1.11 billion from €1.05 billion in 2011. According to a preliminary estimate, pre-tax earnings rose to more than €180 million from the previous year's level of €172.9 million. Net income increased to over €129 million from €125.0 Million.
As of last Dec. 31, Fielmann had 671 stores in operation - mostly in Germany, Austria and Switzerland – as compared to 663 at the end of 2011.
The supervisory board and the management board are recommending an increase in the annual dividend to €2.70 from €2.50. As usual, more detailed results for the financial year will be published in April.