Fielmann is slightly more pessimistic than before about this year's results. Günther Fielmann, the CEO, told shareholders at the annual meeting yesterday that he now expects a net profit of €75 million, down from the previous forecast of about €70 million. Instead of the formerly indicated turnover of €840 million, Fielmann is simply saying that it will be higher than €800 million. In any case, the average profit for 2003 and 2004 will be higher than the profit reached in 2002.