Fielmann Group AG
ISIN: DE0005772206
WKN: 577220
05 November 2026 07:30AM

EQS-News: Fielmann Group accelerates Q3 sales growth to 5.1%, supported by price leadership and network expansion

Fielmann Group AG · ISIN: DE0005772206 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2428216

EQS-News: Fielmann Group AG / Key word(s): 9 Month figures
Fielmann Group accelerates Q3 sales growth to 5.1%, supported by price leadership and network expansion (news with additional features)

05.11.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Fielmann Group accelerates Q3 sales growth to 5.1%, supported by price leadership and network expansion

  • Q3 sales growth pace in Germany increased significantly to +4.2% YoY in a challenging environment while international market growth remained even stronger at +5.9%
  • Expansion on track with 19 new locations opened in Q3/2026 alone (56 in 9M/2026)
  • Management confirms full-year guidance


Q3/2026
In the third quarter of 2026, Fielmann Group increased its sales by +5.1% YoY to €649m (Q3/2025: €618m) despite a persistently challenging environment. At constant currency, Group sales grew by +4.9% YoY. Sales in Germany picked up noticeably while international markets developed even more favourably at +5.9% YoY in the quarter.

Germany surged by +4.2% in the third quarter over the same period last year, a significant increase in the growth pace compared to HY1/2026. As the price leader we benefited from a value conscious consumer sentiment, leading to unit growth in existing optical stores. New store openings and double-digit audiology growth also contributed. The AI based automated refraction technology had been rolled out to 227 stores at the end of the quarter, leading to improved refraction capacity and productivity.

In Austria, sales grew by +2.6%, and Switzerland reached +6.0% at constant currency. Spain grew by +6.6%. The slowdown compared to the previous quarter was caused by the brand transition in dozens of stores in Northern Spain. Fielmann USA generated sales of $78m, an increase of +1.4% YoY (Q3/2025: $77m). Expanding unit volumes and improving conversion rates provide evidence that the business model transformation is resonating, while a shift towards more affordable products contributed to a lower average order value. Other markets recorded sales growth of +17.7% at constant currency in Q3.

9M/2026
In the first nine months of 2026, the Fielmann Group generated consolidated sales of €1.90bn, an increase of +2.9% over the same period in 2025 (€1.84bn). At constant currency, sales grew by +3.2%. The growth momentum has been building quarter over quarter as the Fielmann Group invests in organic growth. In the first nine months, sales in our home market grew by +2.0% YoY. International sales increased by +4.4% and accounted for 39% of Group sales.

As of September 30, 2026, the Fielmann Group operated 1,318 stores and practices worldwide (9M/2025: 1,257), of which 483 included hearing aid studios (9M/2025: 430). The Group continued to expand its network during the first nine months of 2026, adding 56 new locations in total. 80% were opened outside Germany, with the largest network extensions in Luxembourg, Poland, Spain and the United States. With around 15 additional store openings planned for the final quarter, the Group is well on track to achieve its target of approximately 70 new locations in 2026. This corresponds to a tripling of the expansion pace in 2025 (22 net new stores and practices).

Despite the continued investments in people and network expansion, Group profitability remained at a high level: The Adjusted EBITDA margin was 23.4% in the first nine months of 2026 (9M/2025: 23.7%). In Europe it remained stable at 24.9% (9M/2025: 24.9%). The US Adjusted EBITDA margin was 10.9% (9M/2025: 13.9%), reflecting targeted investments in optometrist capacity and the business model transformation.

Outlook for Financial Year 2026
The Management Board confirms the full-year 2026 guidance updated in August. Building on the stronger growth in Q3, the Fielmann Group is well positioned to achieve its full-year targets. Customer satisfaction is anticipated to remain at a high level of around 90%. The Group expects total consolidated sales of €2.50bn to €2.55bn, corresponding to a year-on-year growth of 2% to 5%, and an Adjusted EBITDA margin of 22% to 23%, with an Adjusted EBITDA of €560m to €580m. The Adjusted EBT margin is expected to be around 12%. The outlook remains subject to geopolitical and macroeconomic uncertainties and is based on exchange rates as of November 2026.
 

Hamburg, Germany – November 5, 2026

Fielmann Group AG
The Management Board

 

ABOUT FIELMANN GROUP AG
The Fielmann Group is a stock-listed German family business active in vision care and audiology, serving 30m customers with primary eyecare services, eyewear, contact lenses and hearing aids. As one of the leading vision care providers worldwide, it operates an omnichannel platform consisting of digital sales channels and about 1,300 stores in Europe and the United States. Founded in 1972, the company is led by Marc Fielmann, representing the second generation of the Fielmann family, which still owns the majority of the company’s stock. By staying true to its customer-centric values, the Fielmann Group helps everyone hear and see the beauty in the world. Thanks to the dedication of its around 24,000 people worldwide, the company consistently achieves customer satisfaction and retention rates of around 90% and has fitted more than 200m pairs of individual prescription glasses.

 

CONTACT

Katrin Carstens
Director Communications & PR
press@fielmann.com
Phone +49 40 270 76-5907
Nils Scharwaechter
Director Investor Relations
investorrelations@fielmann.com
Phone +49 172 4250348
   

 


Additional features:

File: Fielmann Group_Q3_2026_EN


05.11.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News


Language: English
Company: Fielmann Group AG
Fuhlsbuettler Straße 399
22309 Hamburg
Germany
Phone: +49 40 270 76-0
Fax: +49 40 270 76-390
Internet: www.fielmann-group.com
ISIN: DE0005772206
WKN: 577220
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
LEI Code: 529900BU5B7N9GE4XU15
EQS News ID: 2428216

 
End of News EQS News Service

2428216  05.11.2026 CET/CEST

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2020 2021 2022 2023 2024 2025 2026e
Sales1 1.428,93 1.678,15 1.759,30 1.969,08 2.264,12 2.435,34 2.510,00
EBITDA1,2 336,70 396,13 339,85 410,00 470,64 559,83 570,00
EBITDA-Margin3 23,56 23,61 19,32 20,82 20,79 22,99 22,71
EBIT1,4 176,26 308,88 160,47 213,81 255,62 329,35 340,00
EBIT-Margin5 12,34 18,41 9,12 10,86 11,29 13,52 13,55
Net Profit (Loss)1 120,81 144,58 109,95 130,64 154,20 205,49 213,00
Net-Margin6 8,46 8,62 6,25 6,64 6,81 8,44 8,49
Cashflow1,7 278,47 346,69 268,09 282,79 410,09 495,99 460,00
Earnings per share8 1,39 1,63 1,24 1,52 1,95 2,43 2,54
Dividend per share8 1,20 1,50 0,75 1,00 1,15 1,40 1,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

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INVESTOR-INFORMATION
©boersengefluester.de
Fielmann
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
577220 DE0005772206 AG 3.477,60 Mio € 15.09.1994 Kaufen 9F5GH2JH+5V
* * *
PE 2027e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
15,05 30,02 0,50 21,95 4,02 7,01 1,43
Dividends
Dividend '2024
in €
Dividend '2025
in €
Dividend '2026e
in €
Div.-Yield '2026e
in %
1,15 1,40 1,50 3,62%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
09.07.2026 30.04.2026 27.08.2026 05.11.2026 30.04.2026
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+2,86%
41,40 €
ATH 77,70 €
+6,70% -0,88% -4,94% -11,35% +627,85%

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