All Fielmann articles
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News briefs
Fielmann expands global supply chain top management with new appointment
Pascal Elsener, formerly president of EMEA and India at Satisloh, has been appointed as vice president of global supply chain at Fielmann Group. The German-based retail group said that the position was a newly created role as part of the ongoing transformation of its manufacturing and logistics organization. Elsener ...
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ArticleFielmann banks on US business and vision care services for mid-term growth
The final annual results for fiscal 2023 released yesterday by Fielmann Group confirm all preliminary results announced in February, notably the double-digit increase in external sales and consolidated sales versus 2022 and a significant rebound in profitability (see table below). Please refer to our previous report for more details on ...
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ArticleFielmann sales up double digit in Q1 as US business integration offset European slowdown
Along with its complete annual results for fiscal 2023, on which we will report in a separate article, Fielmann Group has announced a 10.8 percent year-on-year increase in Q1 consolidated sales to €529.1 million. Ebitda margin for the quarter remained stable versus Q1 2023, at 21.7 percent. ...
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ArticleSlight average eyewear stocks price hike in Q1 reflects extreme ups and downs
The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...
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ArticleFielmann topped sales targets and improved profitability in 2023
Releasing preliminary figures for 2023, Fielmann Group stressed that it exceeded its sales goals and improved its profitability last year thanks to its Vision 2025 plan investments and despite lingering inflation and depressed consumer sentiment. External sales increased by 12 percent year-on-year to €2.27 billion in 2023 after they rose ...
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ArticleFielmann remains committed to Italian market after closures announcement
After reports in the Italian press at the end of last year that Fielmann was preparing to shut down 11 of its 54 stores in the country, the German-based retail group confirmed some closures but remains intent on developing its network in the country. “Fielmann reaffirms commitment to the Italian ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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ArticleGuenther Fielmann has died
Fielmann Group has announced the passing of Guenther Fielmann, founder of the company and longstanding chairman of the board, on Jan. 3, 2024, at the age of 84. “My father Guenther Fielmann re-defined optical retail to the benefit of customers. His lifework fills us with respect and inspires us to ...
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News briefs
Fielmann Group has a new CFO
Fielmann Group has announced the promotion of Steffen Baetjer to the position of group’s chief financial officer, succeeding Geord Alexander Zeiss who has held the position for twenty years. Baetjer, who joined Fielmann in August 2023 as executive director of controlling, will take global responsibility for all the group’s finance ...
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ArticleFielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year. In volume, however, Q3 sales increased by a more modest 2.2 ...
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ArticleFittingbox acquires main VTO challenger
Fittingbox, the global leader and a pioneer in eyewear virtual-try-on (VTO) services, has announced that it was acquiring its main challenger, Ditto Technologies, from U.S.-based Luna Solutions. It is the first acquisition by Fittingbox since the creation of the company in 2006. “We will have the largest customer portfolio in ...
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ArticleEyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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News briefs
Fielmann appoints a U.S. eyewear industry veteran as group COO
Fielmann Group is adding another high-profile executive to its top management team with the appointment of Peter Lothes as chief operating officer for the whole group. In his new position, Lothes will oversee the German retail group’s manufacturing and logistics operations worldwide. This role was previously held by CFO Alexander ...
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ArticleFielmann upgrades outlook following confirmation of SVS deal
Fielmann Group has confirmed the closing of its acquisition of U.S. retailer SVS Vision, which will be integrated in the German-based retailer’s accounts from Sept. 1 and will therefore contribute four months of turnover to the group’s 2023 revenue. As previously reported, SVS Vision is based in Michigan and operates ...
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News briefs
Fielmann confirms strong half year, gives update on SVS Vision
Fielmann Group has reported finetuned figures for its half-year performance that broadly confirmed the solid results announced in July. H1 external sales were up by 13.6 percent year-on-year to €1.13 billion, driven by international markets (+21.5 percent) and e-commerce (+28.1 percent). Consolidated revenue increased at the same rate, reaching €971 ...
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ArticleFielmann launches proprietary online vision check tool, reports good H1 results
Reporting its preliminary results for the first half of 2023 earlier today, Fielmann Group announced that it would enhance its German e-commerce website next month with a new vision check tool based on a proprietary measurement technology. The new system willl allow users of fielmann.de to check online whether their ...
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ArticleTwo retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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ArticleFielmann enters U.S. market with dual acquisition and high-profile recruitment
The Fielmann Group announced yesterday its entry into the U.S. market with the dual acquisition of a brick-and-mortar regional optical retail leader and an e-commerce specialist through which the German-based company plans to deploy its omnichannel business model in the country. In what group CEO Marc Fielmann describes as ...
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ArticleFielmann draws path to 2025 revenue and profit targets
Along with the publication of positive Q1 results (see our other article), Marc Fielmann, CEO of the Fielmann Group, presented yesterday during a press conference the key figures for the retailer’s business in 2022, its outlook for 2023 and an update on its Vision 2025 strategic plan. As already reported ...
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ArticleFielmann sees 15% topline growth, improved profitability in Q1
The Fielmann Group has reported a solid rebound in revenue for the first quarter of 2023 as sales increased at double-digit rates across all market. The results were presented at a press conference yesterday where Marc Fielmann, CEO, and Alexander Zeiss, CFO, also gave an update on the retailer’s Vision ...
