euro adhoc: Fielmann AG
Financial Figures/Balance Sheet
Provisional figures
for financial year 2005
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
23.02.2006
Unit sales: up 11 per cent, net income for the year: up 17 per cent Dividend: 18.8 per cent increase to EUR 1.90 per share Employees: 690 new jobs
In financial year 2005, Fielmann generated double-digit growth in unit sales, sales and profit. Sales of glasses rose 11 per cent to 5.7 million pairs while external sales were up 10 per cent to EUR 842 million. Consolidated sales climbed 10 per cent to stand at EUR 733 million. Pre-tax profit increased 13 per cent to a forecast EUR 86 million and net income for the year was up 17 per cent to total approx. EUR 57 million.
This result was achieved despite unfavourable market conditions. The rest of the optical industry remains 18 per cent below the level of 2002, which was the last year before structural reform was introduced.
As a result of this pleasing business development, the Supervisory Board and the Management Board will recommend a dividend payment of EUR 1.90 per share (+ 18.8 per cent) to the Annual General Meeting on 6 July 2006.
Our branches in Switzerland and Austria have contributed in overproportional measure to the positive result. With 10 per cent of unit sales, our branches in these countries again accounted for approximately 30 per cent of consolidated net income for the year. We are rapidly promoting this expansion.
Fielmann is the largest employer and offers more trainee positions than any other company in the optical industry, employing 10,470 staff at the end of 2005, of which 1,502 are trainees. The company created 694 new jobs in the period under review. With 5 per cent of all specialist opticians stores (Fielmann: 474 branches (previous year 463), industry as a whole: 9,900 stores), Fielmann trains 22 per cent of optical trainees in Germany.
For 2006, Fielmann intends to achieve significant increases in unit sale, sales and profit. The first few weeks of the current financial year have already confirmed our positive expectations. We will open 25 new branches and create over 300 new jobs.
Hamburg, February 2006
Fielmann Aktiengesellschaft The Management Board
For further information, please contact: Ulrich Brockmann, Head of Investor Relations Fielmann AG, Weidestrasse 118 a, D-22083 Hamburg, tel. +49 40 270 76 442
end of announcement euro adhoc 23.02.2006 07:38:38
Further inquiry note:
Ulrich Brockmann
Head of Finance
Telefon: +49(0)40 27076-442
E-Mail: u.brockmann@fielmann.com
Branche: Retail
ISIN: DE0005772206
WKN: 577220
Index: CDAX, Classic All Share, HDAX, MDAX, Prime All Share
Börsen: Börse Berlin-Bremen / regulated dealing
Niedersächsische Börse zu Hannover / regulated dealing
Bayerische Börse / regulated dealing
Frankfurter Wertpapierbörse / official dealing/prime standard
Baden-Württembergische Wertpapierbörse / free trade
Hamburger Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Original content of: Fielmann AG, transmitted by news aktuell