Fielmann boosts sales in 2022 despite challenging economic climate
Optical retail chain publishes consolidated financial statements for 2022
Hamburg, March 28, 2023 - Fielmann AG, Europe's largest optical retail chain, has published its consolidated financial statements for 2022. Despite the challenging economic climate, Fielmann was able to increase its sales by 3.7% to EUR 1.92 billion. This positive development was driven in particular by strong growth in the core German market, where sales increased by 4.4% to EUR 1.32 billion.
In addition to the positive sales development, Fielmann was also able to significantly increase its operating profit (EBIT) by 12.3% to EUR 261.7 million. This corresponds to an EBIT margin of 13.6%. The net profit for the year amounted to EUR 185.1 million, an increase of 11.7% compared to the previous year.
Investments in growth and innovation
In 2022, Fielmann continued to invest heavily in growth and innovation. The company opened 42 new stores, bringing the total number of stores to 958. In addition, Fielmann invested in the expansion of its online business and the development of new products and services.
The investments made in recent years are paying off. Fielmann is now the market leader in the optical retail sector in Germany, Austria, Switzerland, and Italy. The company is also expanding its international presence and is now represented in 16 countries.
Outlook for 2023
Fielmann is cautiously optimistic about the outlook for 2023. The company expects to continue to grow in the current year, but at a somewhat slower pace than in 2022. Fielmann is confident that it will be able to further expand its market leadership in the optical retail sector and continue to offer its customers the best possible service and quality.
Conclusion
Fielmann's strong sales and earnings growth in 2022 demonstrate the company's resilience and adaptability in the face of challenging economic conditions. The company's continued investments in growth and innovation are paying off, and Fielmann is well-positioned to continue to grow in the future.
