The Fielmann Group, a global eyewear provider, reported 12 percent sales growth year-over-year for the first half of 2024 as well as improved profitability. According to preliminary figures, the company generated consolidated sales of around €1.1 billion in the first half of 2024, a 12 percent increase compared with the previous year and in line with its forecast, the company said. The company stated that the loyalty of its customers, an increased share of progressive lenses and hearings aids, as well as the positive impact of its cost leadership program helped its ebitda grow disproportionately to around €235 million to €240 million, which is about a 14 percent increase compared with the previous year’s €208 million, corresponding to an improved ebitda margin of about 21.6 percent that compared with previous year of 21.2 percent. The company’s international markets increased sales by 26 percent in the first half of 2024. While it noted that most of its European markets were affected by low consumer sentiment, it recorded double digit sales growth in Austria (10 percent), Spain (10 percent) and Poland (32 percent) compared with the same period last year. Germany delivered growth of 6 percent, while Switzerland improved 5 percent over the same period last year.

August 2024