DGAP-Ad-hoc: Fielmann AG / Key word(s): Preliminary Results/Annual Results 
Fielmann AG: Fielmann exceeds FY 2020 forecast 
 
07-Jan-2021 / 14:53 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
After the forecast was already adjusted upwards in September 2020, 
preliminary estimates show that Fielmann AG's results will probably exceed 
the forecast for the whole year. All of this despite the extensive 
restrictions due to the ongoing coronavirus pandemic. 
According to the estimates, Fielmann generated external sales (including VAT 
and inventory changes) of &euro 1,625 million (previous year: &euro 1,764.6 
million). Consolidated sales are expected to stand at &euro 1,425 million 
(previous year: &euro 1,520.7 million). The pre-tax profit will reach nearly 
170 million (previous year: &euro 253.8 million). 
As at the end of 2020, Fielmann operated 870 stores (previous year: 776 
stores), including 80 stores of the Spanish optical chain ?"ptica & 
Audiología Universitaria acquired on 31 December 2020. The Spanish 
subsidiary will contribute to the Group's earnings for the first time in the 
2021 fiscal year. 
Information and Explanation of the Issuer to this News: 
 
*Fielmann exceeds FY 2020 forecast* 
*Business model proves robust despite the extensive restrictions in a year 
of crisis* 
 
Thanks to its robust business model and the outstanding performance of its 
employees, the German market leader emerges from 2020 in a position of 
strength. After expectations were already adjusted upwards in September 
2020, preliminary estimates show that Fielmann AG's results will probably 
exceed the forecast for the whole year. All of this despite the extensive 
restrictions due to the ongoing coronavirus pandemic. 
 
According to preliminary estimates, Fielmann generated external sales 
(including VAT and inventory changes) of &euro 1,625 million (previous year: 
&euro 1,764.6 million). Consolidated sales are expected to stand at &euro 
1,425 million (previous year: &euro 1,520.7 million). The pre-tax profit 
will reach nearly &euro 170 million (previous year: &euro 253.8 million). 
 
As at the end of 2020, Fielmann operated 870 stores (previous year: 776 
stores), including 80 stores of the Spanish optical chain ?"ptica & 
Audiología Universitaria acquired on 31 December 2020. The Spanish 
subsidiary will contribute to the Group's earnings for the first time in the 
2021 fiscal year. 
 
Thanks to the consistent application of our hygiene standards, we 
safeguarded the health of our customers and employees alike. With our online 
appointment tool we allow our customers to plan their visit in advance. At 
the same time, we welcome spontaneous walk-ins using our new digital time 
management tool. This way, Fielmann optimises the footfall in the store, 
minimises waiting times and maximises productivity. 
 
As a financially successful family business, Fielmann enters the new year 
with confidence. Despite the economic challenges posed by the restrictions 
due to the ongoing coronavirus pandemic, our business development proves to 
be resilient and is less affected than it was at the beginning of the 
pandemic. This strengthens our determination to continue the implementation 
of our Vision 2025: we continue to invest and thus drive the digitisation 
and internationalisation of our business model. 
Hamburg, 7 January 2021 
 
Fielmann Aktiengesellschaft 
The Management Board 
 
Further Information: 
Ulrike Abratis, Head of Corporate Communications, Phone: +49 (0) 40 270 76 - 
457 
Ulrich Brockmann, Head of Investor Relations, Phone: +49 (0) 40 270 76 - 442 
 
07-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Fielmann AG 
             Weidetrasse 118a 
             22083 Hamburg 
             Germany 
Phone:       +49 (0)40 270 76-0 
Fax:         +49 (0)40 270 76-390 
Internet:    www.fielmann.de 
ISIN:        DE0005772206 
WKN:         577220 
Indices:     SDAX 
Listed:      Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime 
             Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated 
             Unofficial Market in Tradegate Exchange 
EQS News ID: 1159136 
 
End of Announcement DGAP News Service 
 
1159136 07-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 07, 2021 08:53 ET (13:53 GMT)