Fielmann Group Reports Sales Growth for Full-Year 2024 and First Quarter of 2025, Forecasts Continued Growth

HAMBURG, Germany—Global eyewear provider The Fielmann Group (ETR:FIE) has reported its audited fiscal year 2024 financials, in line with guidance and preliminary figures published in March. The report demonstrates consolidated sales of €2.3 billion in 2024, a 15 percent increase compared with the previous year (€2.0 billion), despite what the company noted as macroeconomic headwinds and low consumer sentiment in Central Europe. The company attributes this increase to reported strong organic growth (7 percent) and the consolidation of the company’s U.S. acquisitions. The Fielmann Group also improved its profitability, with the company reporting a rise in its adjusted EBITDA margin to 21.7 percent at the group level (up 1.5 percentage points year over year) and to about 22.8 percent in Europe (up 2.1 percent year over year). Net profit reached a reported €154 million, a 21 percent increase over last year.