Fielmann Group Ag · XETR:FIE
Fielmann — H1 2025 Earnings Presentation
15 slides from Fielmann's earnings presentation, Aug 28, 2025
Slide 1: Results: HY1/2025 Earnings Call
Results: HY1/2025 Earnings Call August 28, 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: HY1/2025
HY1/2025 3 Fußzeile auf allen Seiten gleich > Einfügen > Kopf- und Fußzeile
Slide 4: Summary – HY1/2025 in a nutshell
Summary – HY1/2025 in a nutshell Continuation of our profitable growth trajectory Despite challenging consumer sentiment, Fielmann with strong development across all major markets and product categories. Group sales increased by 12.3% (4.4% organic; 7.9% US-acquisition). Topline development will ret
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, HY1, Fielmann Group Total consolidated sales Adjusted EBITDA and margin Adjusted EBT and margin +12.3% 26 1.300 +25.9% 350 16 250 1.224 2
Slide 6: Fielmann Group´s topline increased by +12.3% YoY
Fielmann Group´s topline increased by +12.3% YoY Continuation of solid organic growth in challenging times 2025 2024 YoY Total Consolidated Sales €1,224m €1,089m +12.3% 6 Earnings Call HY1/2025
Slide 7: Growth across all product categories...
Growth across all product categories... HY1/2025 sales compared to PY, Fielmann Group Mainly due to Shopko Optical consolidation ▪ Strong growth across all +87% product categories +25% ▪ Growth in unit sales: Eyewear +4% Hearing aids +8% +10% +10% +9% ▪ Innovation driving strong organic: adjacent ey
Slide 8: ... and in all our major markets.
... and in all our major markets. HY1/2025 sales compared to PY, Fielmann Group Driven by Shopko Optical consolidation +143% ▪ Organic growth in GSA despite challenging environment still mid +12% single-digit (within guided corridor) +8% ▪ US now second largest market, +6% integration drives profita
Slide 9: Significant margin improvements in both, Europe and the US
Significant margin improvements in both, Europe and the US Initiatives bearing fruit: personnel costs, favorable sell-out structure & operating leverage 2025 2024 YoY Total Consolidated Sales €1,224m €1,089m +12.3% Adjusted EBITDA €290m €230m +25.9% Adjusted EBITDA margin 23.7% 21.1% +2.6%pt. 24.8%
Slide 10: HY1/2025: Balance sheet highlights
HY1/2025: Balance sheet highlights Strong cash generation Net Debt / Currency translation Cash generation Equity ratio EBITDA (LTM) (EUR-USD) +€100m 1.1x 40.7% 1/1.17 in HY1 (FY24: 1.7x) (FY24: 38.5%) (Dec.2024: 1/1.04) ▪ Financial debt ▪ Strong cash ▪ USD rate drives decreased by €26m generation an
Slide 11: HY1/2025: Cashflow mainly impacted by US acquisition and growth in business
HY1/2025: Cashflow mainly impacted by US acquisition and growth in business Cash conversion remains stable at high level Cash flow from Cash flow from Cash flow from operating activities investing activities financing activities €236m (PY: €198m) €37m (PY: €15m) -€101m (PY: €96m) ▪ EBITDA improvemen
Slide 12: HY1/2025: Statement on opportunities and risks from April remains unchanged
HY1/2025: Statement on opportunities and risks from April remains unchanged Opportunities and Risks in the current Financial Year OPPORTUNITIES RISKS Strong organic growth in established Consumer sentiment European markets Great potential for expansion in optical retail (USA, Spain and eastern Europ
Slide 13: Outlook for 2025 confirmed
Outlook for 2025 confirmed Fully on course to achieve our targets 2025e Comments Our key success factor, customer Customer Satisfaction Around 90% satisfaction, remains at a very high level Unit Sales Around 9.5m Unit sales growth in line with recent growth (pairs of glasses) Continue strong organic
Slide 14: Q&A
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Slide 15: Further details will be shared at our Capital Markets Day
Further details will be shared at our Capital Markets Day on September 17, 2025. See and hear you there.