Fielmann Group Achieves Double-Digit Growth in Q3 2024

The Fielmann Group has recorded a significant +13% growth in the first nine months of 2024. This growth is driven by both organic expansion (+5%) and strategic acquisitions in the US (+8%). Despite challenging economic conditions, the company's financial performance has been robust, aligning with their long-term strategies.

The German firm, renowned for its focus on cost efficiency and quality, expanded its market share in key European nations. Germany, Switzerland, and Austria registered sales increases ranging from 5% to 9%, while Spain and Poland saw impressive growth at +10% and +31%, respectively.

Furthermore, the group's adjusted EBITDA surged by 13%, reaching €379 million, with an improved EBITDA margin in Europe at 23.6%. The introduction of innovative eye health services has been well-received, enrolling over 70,000 customers across 400 stores in Europe, and is set for further rollout.

Fielmann remains optimistic about its future, confirming its guidance for FY2024 with expected consolidated sales of approximately €2.3 billion.