Fielmann Group AG/€FIE

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About Fielmann Group AG

Fielmann Group AG operates in the eyewear industry, providing optical products and services predominantly in Europe. The company is engaged in the retail of eyeglasses, contact lenses, hearing aids, and various accessories through a widespread network of stores. Headquartered in Hamburg, Germany, Fielmann was founded in 1972 by Günther Fielmann, who started with a single optical shop. The company's strategic positioning is enhanced by its direct relationship with end consumers and manufacturer-like operations, allowing it to offer competitively priced products without compromising quality. Fielmann's extensive market presence and customer-centric approach have contributed to its substantial growth across multiple European markets.

Ticker

€FIE

Primary listing

XETRA

Employees

22,292

FIE Metrics

BasicAdvanced
€4.5B
26.37
€2.04
0.45
€1.15
2.14%

Bulls say / Bears say

In Q1 2025, Fielmann delivered 13% sales growth and a 28% surge in adjusted EBITDA to €146 million, with the Group margin reaching 24.2% (Europe: 25.6%), surpassing its Vision 2025 profitability targets. (Nasdaq)
In H1 2025, preliminary consolidated sales rose 12% to €1.2 billion and adjusted EBITDA increased by 26% to €290 million, with margins improving to 23.7% group and 24.9% in Europe, underpinning confidence in the Vision 2025 roadmap. (Reuters)
For FY 2024, Fielmann achieved 15% sales growth to €2.3 billion and grew group adjusted EBITDA by 23%, lifting margins by 1.5 ppt to 21.7% (Europe: +2.1 ppt to 22.8%), while recommending a dividend increase to €1.15 per share. (Reuters)
Fielmann’s recent U.S. acquisitions have presented integration challenges, with executives acknowledging the U.S. market is “dragging us down a bit” due to lower margins and ongoing setup costs that pressure overall profitability. (VisionMonday)
The company continues to cite macroeconomic headwinds and low consumer sentiment in Central Europe, which may constrain same-store sales growth and margin expansion despite strong headline figures. (VisionMonday)
Fielmann’s newly launched Vision 2035 strategy targets €4 billion in sales by 2030, representing a near-doubling of revenues and posing substantial execution risk as the company scales services and expands into new markets. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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