Fielmann Group Ag · XETR:FIE
Fielmann — H1 2026 Earnings Presentation
17 slides from Fielmann's earnings presentation, Aug 27, 2026
Slide 1: Results: HY1/2026 Earnings Call
Results: HY1/2026 Earnings Call August 27, 2026
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: HY1/2026
HY1/2026 3 Fußzeile auf allen Seiten gleich > Einfügen > Kopf- und Fußzeile
Slide 4: Summary – HY1/2026 in a nutshell
Summary – HY1/2026 in a nutshell Margin resilience, continued growth and international momentum improving Despite challenging consumer sentiment, Fielmann delivered continued growth across all major markets. International markets remain the key growth driver. Group sales increased by 2.3% at constan
Slide 5: Resilient profitability with improving growth momentum
Resilient profitability with improving growth momentum Absolute figures in €m, margins in % of total consolidated sales, HY1, Fielmann Group at constant currency Total consolidated sales Adjusted EBITDA and margin Adjusted EBT and margin +2.3% 200 20 340 30 +1,8% 19 320 180 1.248 28 18 160 162 1.226
Slide 6: Fielmann Group´s topline increased by +2.3% at constant currencies
Fielmann Group´s topline increased by +2.3% at constant currencies Continuation of solid growth in challenging times HY1/2026 HY1/2025 YoY Total Consolidated Sales €1,248m €1,226m +1.8% +2.3% 6 Earnings Call HY1/2026
Slide 7: Broad-based growth across all product categories – Adjusted market approach for contact lenses
Broad-based growth across all product categories – Adjusted market approach for contact lenses HY1/2026 sales compared to PY, Fielmann Group ▪ Growth in our core business 8% Prescription eyewear solid foundation 7% 6% for Group’s growth ▪ Strong growth beyond eyewear 2% Audiology and adjacent health
Slide 8: Growth across all our major markets
Growth across all our major markets HY1/2026 external sales compared to PY, Fielmann Group at constant currency ▪ Growth in all segments despite mixed 11% market environment ▪ Improving growth momentum in the 7% US, supported by the ongoing business model transformation 3% ▪ Spain remains growth eng
Slide 9: Profitability stable at high prior-year level
Profitability stable at high prior-year level Cost improvements and cost discipline support strong margins 2026 2025 Δ # of stores 1.299 1.251 +48 stores1 Total Consolidated Sales €1,248m €1,226m +1.8% +2.3% Adj. EBITDA €296m €292m +1.3% +1.4% Adj. EBITDA margin 23.7% 23.8% -0.1%pt. 25.1% 12.5% 25.0
Slide 10: HY1/2026: Balance sheet highlights
HY1/2026: Balance sheet highlights Capital structure supports growth strategy and provides a strong foundation for future growth Net Debt / Cash position Equity ratio reported EBITDA (LTM) €265m 1.1x 42.8% (FY25: 1.2x) (FY25: 40.2%) ▪ Strong liquidity position ▪ Includes lease liabilities ▪ Strong,
Slide 11: HY1/2026: Cashflow statement
HY1/2026: Cashflow statement Strong cash generation provides flexibility for future growth Cash flow from Cash flow from Cash flow from operating activities investing activities financing activities €188m (PY: €236m) -€68m (PY: -€37m) -€77m (PY: -€101m) ▪ Underlying earnings remain strong ▪ Accelera
Slide 12: Outlook 2026: Capital Market Guidance
Updated Outlook 2026: Capital Market Guidance Expected Development of Our Key Steering Parameters 2026e Comments Our key success factor, customer Customer Satisfaction Around 90% satisfaction, remains at a very high level €2.50bn to Acceleration of sales growth Total Consolidated Sales €2.55bn (+2 t
Slide 13: Outlook 2026: Growth drivers
Outlook 2026: Growth drivers Acceleration in HY2/2026 expected ACCELERATE INCREASE EXPAND EXAM EXPANSION PRODUCTIVITY AVAILABILITY 13 Earnings Call HY1/2026
Slide 14: Outlook 2026: Growth drivers
Outlook 2026: Growth drivers Acceleration in HY2/2026 expected ACCELERATE INCREASE EXPAND EXAM EXPANSION PRODUCTIVITY AVAILABILITY 14 Earnings Call HY1/2026
Slide 15: Outlook 2026: Accelerate expansion
Outlook 2026: Accelerate expansion Stores: Number of net new openings per calendar year Actual 70 Plan 33 HY2/26e 22 37 10 HY1/26 2024 2025 2026 Number of new store openings increases significantly
Slide 16: Outlook 2026: Growth drivers
Outlook 2026: Growth drivers Acceleration in HY2/2026 expected ACCELERATE INCREASE EXPAND EXAM EXPANSION PRODUCTIVITY AVAILABILITY 16 Earnings Call HY1/2026
Slide 17: Q&A
© Fielmann group \ Q&A