Preliminary results 2023: Marked growth for Fielmann Group

The Fielmann Group announced remarkable growth in its financial performance for the 2023 financial year. Sales increased by 12%, while EBITDA saw an increase of 21%, with the EBITDA margin widened by one point percentage.

Investments linked to "Vision 2025" enabled the company to exceed its sales targets, while a 17% growth was observed in external e-commerce sales, exceeding 100 million 'euros. The share of international markets amounted to 35% of the group's total sales in the fourth quarter of 2023.

Faced with high inflation and increasing interest rates, the Fielmann Group has been able to gain market share, thanks to its promise of quality and service at the best price. The company's external sales reached approximately 2.27 billion euros, and earnings before interest, taxes, depreciation and amortization (EBITDA) are estimated at approximately 410 million euros. An increase in the dividend to 1.00 euros per share will be proposed at the annual general meeting on July 11, 2024.

This positive performance marks a turning point in terms of profitability for the German group, with significant market share gains in Germany, Italy, Poland and Spain. The Group aims to continue growing its market position in 2024, particularly leveraging promising opportunities in Eastern Europe, Spain and the United States.