Fielmann : Interim report as at 31 March 2017

Interim report as at 31 March 2017

2016: Fielmann increases units sold, sales revenue and profits
Dividend raised again: € 1.80 per share
Q1 2017: Fielmann continues to expand

At its meeting on 6 April 2017, the Supervisory Board of Fielmann AG approved the consolidated annual accounts for the financial year 2016. In the reporting year, Fielmann increased units sold, sales revenue and profits. The German market leader sold 8.0 million pairs of glasses (previous year: 7.8 million), achieved external sales totalling € 1.55 billion (previous year: € 1.51 billion) and consolidated sales of € 1.34 billion (previous year: € 1.30 billion). Pre-tax profit rose to € 241.5 million (previous year: € 240.1 million) and net income for the year went up to+ € 171.2 million (previous year: € 170.5 million).

The Supervisory Board and Management Board of Fielmann AG will recommend to the Annual General Meeting on 1 June 2017 to pay a dividend of €1.80 per share (previous year: € 1.75). This would represent the twelfth consecutive dividend payment increase. The dividend yield would be 2.9% (based on the closing share price for the year in 2016) with a dividend pay-out of € 151.2 million (previous year: € 147.0 million).

Our expectations for the first quarter of 2017 have been met. Fielmann sold 1.95 million glasses in the first three months (previous year: 1.87 million). External sales increased to € 402.9 million (previous year: € 372.1 million) and consolidated sales reached € 341.9 million (previous year: € 316.4 million). Pre-tax profit rose to € 60.6 million (previous year: € 54.1 million) and the quarterly profit surged up to € 43.0 million (previous year: € 38.3 million). These increases have to be viewed in the light of Q1 2017 having two more shopping days than Q1 2016. However, there are a total of four fewer shopping days in the whole of 2017.

Fielmann will continue to grow. We will open up new stores, expand existing ones and move into better locations. In Italy, we are pushing ahead with our expansion. In the first months of this year, we have opened stores in Vicenza, Verona and Trento. In the course of the year we will open additional stores in Northern Italy. Overall, we are confident of expanding our market position and expect a positive business development.

Hamburg, April 2017

Fielmann Aktiengesellschaft
The Management Board

Further information:
Ulrich Brockmann, Head of Investor Relations, tel: +49 40/270 76 - 442
Ulrike Abratis, Head of Press and Public Relations, tel: +49 40/270 76 - 457

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