Fielmann Group AG
ISIN: DE0005772206
WKN: 577220
02 January 2024 07:59AM

EQS-News: New CFO at Fielmann Group AG: Steffen Baetjer succeeds Alexander Zeiss

Fielmann Group AG · ISIN: DE0005772206 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1802423

EQS-News: Fielmann Group AG / Key word(s): Personnel
New CFO at Fielmann Group AG: Steffen Baetjer succeeds Alexander Zeiss (news with additional features)

02.01.2024 / 07:59 CET/CEST
The issuer is solely responsible for the content of this announcement.


New CFO at Fielmann Group AG: Steffen Baetjer succeeds Alexander Zeiss

  • Steffen Baetjer new CFO of Fielmann Group AG as of 1 January 2024
  • Geord Alexander Zeiss joins Supervisory Board and assumes responsibility in Fielmann Family’s holding company

Effective as of 1 January 2024, Steffen Baetjer, Executive Director Controlling since August 2023, succeeds Georg Alexander Zeiss as CFO of Fielmann Group AG. This concludes a succession plan unanimously approved by the Supervisory Board in July 2023. In addition to the global responsibility for all Finance functions, Baetjer is also in charge of Tax, Legal, Compliance and Controlling. Zeiss is going to enter Fielmann Group AG’s Supervisory Board, subject to approval by the responsible District Court in the City of Hamburg.

Steffen Baetjer brings with him more than 20 years of financial executive experience across various industries and geographies. A native of the northern German island of Foehr, he holds degrees in economics from the London School of Economics and Political Science (LSE) and the University of Kassel. After working for McKinsey in strategy consulting across Europe and the United States, he was a Finance Director at Universal Music Germany and WestLB Luxembourg before assuming Group CFO positions at Techem, APCOA Parking and the Work Zone Safety Group.

“As we advance the digitalisation and internationalisation of our family business in line with our Vision 2025, we experience strong growth while the complexity of our business model inevitably increases. Steffen’s analytical mindset and his proven track record in building teams that deliver exceptional performance will be a great contribution in streamlining our core processes and elevating efficiency on a global scale”, says CEO Marc Fielmann.

After Hans-Joachim Oltersdorf steps down from his role as a Supervisory Board Member on 31 December 2023, Georg Alexander Zeiss – after a 20-year tenure as the CFO – is set to join the Supervisory Board of Fielmann Group AG. This appointment is pending approval by the responsible District Court in the City of Hamburg. Beyond this role, Georg Alexander Zeiss is also going to lead the Fielmann Family's holding company.

"Over his two-decade service, Alexander has significantly shaped our family business. We are grateful for his dedication and substantial accomplishments during his tenure. As the Fielmann Group AG welcomes him into his new role on the Supervisory Board, the Fielmann Family eagerly anticipates embarking on the next chapters of our entrepreneurial journey together," remarks CEO Marc Fielmann.

Hamburg, Germany – 2 January 2024

Fielmann Group AG
The Management Board

About the Fielmann Group
The Fielmann Group is a German family business that serves 28 million customers with eyewear, contact lenses, hearing aids and primary eyecare services. It operates an omnichannel platform consisting of digital sales channels and more than 1,000 retail stores worldwide. Founded in 1972, the company is led by Marc Fielmann, representing the second generation of the Fielmann Family who 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 23,000 people worldwide, the company is consistently reaching customer satisfaction and retention rates of more than 90% and has to-date fitted more than 170 million pairs of individual prescription glasses.

Further information
Katrin Carstens · Director Communications & PR · presse@fielmann.com · +49 40 270 76-5907
Ulrich Brockmann · Director IR · investorrelations@fielmann.com · +49 40 270 76-442

 

 


Additional features:

File: Baetjer_Steffen_Press


02.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Fielmann Group AG
Weidestrasse 118 a
22083 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 Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1802423

 
End of News EQS News Service

1802423  02.01.2024 CET/CEST

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The most important financial data at a glance
  2019 2020 2021 2022 2023 2024 2025e
Sales1 1.520,75 1.428,93 1.678,15 1.759,30 1.969,08 2.264,12 2.490,00
EBITDA1,2 384,70 336,70 396,13 339,85 410,00 470,64 560,00
EBITDA-Margin3 25,30 23,56 23,61 19,32 20,82 20,79 22,49
EBIT1,4 253,70 176,26 308,88 160,47 213,81 255,62 340,00
EBIT-Margin5 16,68 12,34 18,41 9,12 10,86 11,29 13,66
Net Profit (Loss)1 177,29 120,81 144,58 109,95 130,64 154,20 209,00
Net-Margin6 11,66 8,46 8,62 6,25 6,64 6,81 8,39
Cashflow1,7 301,75 278,47 346,69 268,09 282,79 410,09 443,00
Earnings per share8 2,05 1,39 1,63 1,24 1,52 1,95 2,45
Dividend per share8 0,00 1,20 1,50 0,75 1,00 1,15 1,30
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

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INVESTOR-INFORMATION
©boersengefluester.de
Fielmann
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
577220 DE0005772206 AG 3.574,20 Mio € 15.09.1994 Kaufen 9F5GH2JH+5V
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
16,43 31,50 0,52 26,31 4,45 8,72 1,58
Dividends
Dividend '2023
in €
Dividend '2024
in €
Dividend '2025e
in €
Div.-Yield '2025e
in %
1,00 1,15 1,30 3,06%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
10.07.2025 08.05.2025 10.07.2025 06.11.2025 30.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,12%
42,55 €
ATH 77,70 €
-9,53% -15,71% +2,78% +3,78% +648,07%

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