Fielmann Group has acquired the remaining 20% of Óptica & Audiología Universitaria, while reporting a promising financial performance with a projected revenue increase and strategic initiatives for further growth.

Information on the Target

The Fielmann Group, a prominent player in the optical retail sector, has reported preliminary financial results for the first half of 2024, achieving a consolidated revenue of approximately €1.1 billion. This marks a 12% increase compared to the previous year, aligning with their projected forecasts. The company's performance is attributed to several factors, including a loyal customer base, an increasing share of progressive lenses and hearing aids, and the success of their cost reduction program. As a result, earnings before interest, taxes, depreciation, and amortization (EBITDA) have risen significantly to about €235 to €240 million, reflecting a growth of around 14% from €208 million the previous year.

Furthermore, the EBITDA margin has improved to approximately 21.6%, compared to 21.2% last year. Notably, the European markets have enhanced their operational profit margins significantly, increasing them by around two percentage points to an approximate 23%. The company's preliminary earnings before tax (EBT) for the half-year is estimated at €125 million, representing a 16% increase from the prior €108 million.

Industry Overview in Target’s Specific Country

Fielmann Group's growth trajectory is closely tied to its strategic Vision 2025, which emphasizes digitalization and international expansion. Throughout the first half of 2024, the company introduced various digital innovations, including an online frame consultation service utilizing artificial intelligence. In the field of eye care, Fielmann offers