Slide 1: Results: 9M and Q3/2025 Earnings Call
Results: 9M and Q3/2025 Earnings Call November 6, 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fielmann Group AG ("Fielmann") and comprises the written materials/slides for a presentation concerning Fielmann. By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions: The distribution of this d
Slide 3: 9M and Q3/2025
9M and Q3/2025 3 Earnings Call 9M/2025
Slide 4: Summary – 9M and Q3/2025 in a nutshell
Summary – 9M and Q3/2025 in a nutshell Continuation of our profitable growth 9M/2025 Group sales increased by +9% (4% organic; 5% US-acquisition). Q3/2025 at constant currency grew +4%, all of which organic growth. Relentless focus on profitability: Adjusted EBITDA up by 18% yoy to €434m. Adjusted E
Slide 5: Continued profitable growth – on track to deliver on Vision 2025 targets
Continued profitable growth – on track to deliver on Vision 2025 targets Absolute figures in €m, margins in % of total consolidated sales incl. Inventory changes, 9M, Fielmann Group Total consolidated sales Adjusted EBITDA and margin Adjusted EBT and margin +9% 500 30280 16 1,842 +18% +20% 1,689 260
Slide 6: Fielmann Group´s topline increased by +9%
Fielmann Group´s topline increased by +9% Growth trajectory supported by profitable growth across all major markets and product categories 9M/2025 9M/2024 yoy Total Consolidated Sales €1,842m €1,689m +9% 6 Earnings Call 9M/2025
Slide 7: Growth across all product categories...
Growth across all product categories... 9M/2025 sales compared to PY, Fielmann Group Mainly due to Shopko Optical consolidation Strong growth across all +52% product categories Growth in unit sales: Eyewear +3% +13% Hearing aids +7% +9% +7% Innovation driving strong +5% organic: +3% adjacent e
Slide 8: ... and in all our major markets.
... and in all our major markets. 9M/2025 external sales + inventory changes compared to PY, Fielmann Group Driven by Shopko Optical +65% consolidation Organic growth in GSA at mid single-digit, within guided corridor +9% Switzerland and Austria accelerated +8% their growth trajectories compared
Slide 9: Initiatives bearing fruit
Initiatives bearing fruit Favorable sell-out structure, personnel costs & operating leverage driving margins 9M/2025 9M/2024 yoy Total Consolidated Sales €1,842m €1,689m +9% Adjusted EBITDA €434m €370m +18% Adjusted EBITDA margin 23.6% 21.9% +1.7%pt. Favorable sell-out structure - Gross margin: 0.
Slide 10: Significant margin improvements in both, Europe and the US
Significant margin improvements in both, Europe and the US Initiatives bearing fruit: favorable sell-out structure, personnel costs & operating leverage 9M/2025 9M/2024 yoy Total Consolidated Sales €1,842m €1,689m +9% Adjusted EBITDA €434m €370m +18% Adjusted EBITDA margin 23.6% 21.9% +1.7%pt. 24.8%
Slide 11: Q3: Growth in line with expectations
Q3: Growth in line with expectations Organic growth with +4% in line with HY1/2025 +143% +12% +9% +8% +8% +7% +6% +5% +5% +5% +4% +4% +2% +4% HY1 Q3 at constant currency 11 Earnings Call 9M/2025
Slide 12: Q3: Growth in line with expectations
Q3: Growth in line with expectations Solid performance in Germany, US returned to growth +145% +12% +9% +8% +8% +7% +6% +5% +5% +5% +4% +4% +4% +2% +4% at constant currency HY1 (yoy growth) Q3 (yoy growth) 12 Earnings Call 9M/2025
Slide 13: Q3: Growth in line with expectations in EUR
Q3: Growth in line with expectations in EUR US sales affected by FX translation +143% +12% +9% +8% +8% +7% +6% +5% +5% +5% +4% +3% +2% +4% -3% HY1 (yoy growth) Q3 (yoy growth) 13 Earnings Call 9M/2025
Slide 14: Q3: Growth in line with expectations in EUR
Q3: Growth in line with expectations in EUR All other markets accelerated their growth +143% +12% +9% +8% +8% +7% +6% +5% +5% +5% +4% +3% +2% +4% -3% Others* *Excl. discontinuation of Belarus business HY1 (yoy growth) Q3 (yoy growth) 14 Earnings Call 9M/2025
Slide 15: Quarterly development of Adjusted EBITDA margin
Quarterly development of Adjusted EBITDA margin Margin profile stable across quarters 24.2% 23.2% 23.4% Outlook Q4 Sell-out structure Optimized PersEx Cost-conscious overheads Q1/25 Q2/25 Q3/25 15 Earnings Call 9M/2025
Slide 16: Statement on opportunities and risks from August remains largely unchanged
Statement on opportunities and risks from August remains largely unchanged Opportunities and Risks in the current Financial Year OPPORTUNITIES RISKS Increased organic growth in established Consumer sentiment European markets Skilled labor shortage Great potential for expansion in optical (easing due
Slide 17: Q&A
Q&A 17