Fielmann AG

euro adhoc: Fielmann AG
quarterly or semiannual financial statement
2007: dividend up 17 percent to EUR 1.40 1st quarter 2008: EBT up 32 per cent 2008: 400 new jobs, 30 new branches

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quaterly report


The Supervisory and Management Boards of Fielmann AG will recommend payment of a dividend of EUR 1.40 per share, which is up on the previous year´s dividend of EUR 1.20 (+ 16.7 per cent), to the Annual General Meeting to be held on 10 July 2008. The total sum paid out will amount to EUR 58.8 million, with earnings per share for the year 2007 as a whole rising 14.6 per cent to EUR 1.88.

At its last session on 17 April 2008, the Supervisory Board of Fielmann AG approved the annual and consolidated accounts for financial year 2007. The market leader sold 6.0 million pairs of glasses (previous year: 5.8 million), achieved external sales of EUR 984.4 million (previous year: EUR 913.4 million) and consolidated sales of EUR 839.2 million (previous year: EUR 792.9 million). Pre-tax profits rose to EUR136.3 million (+ 27.5 per cent), while net income for the year totalled EUR 82.0 million (+ 14.3 per cent). Amongst others, included in the pre-tax profits is a sum amounting to EUR 10 million, which reflects the results of the German Social Court (Bundessozialgericht) ruling made in September 2007 concerning the date on which the health reform act came into effect. The statutory health insurance companies settle our claims from financial year 2004

Our expectations for the first quarter of financial year 2008 have been met, with sales of 1.5 million spectacles, external sales totalling EUR 258.9 million, consolidated sales of EUR 218.3 million, pre-tax profit amounting to EUR 38.7 million (+ 31.8 per cent) and net income for the year rising to EUR 27.1 million (+ 53.6 per cent). The disproportionately high rise in the pre-tax profit is attributable to lower advertising costs and a higher share of varifocals sold. With the rate of tax reduced from 39.8 per cent to 29.9 per cent, the corporation tax reforms introduced have had a positive effect on the tax liability applying to the profit for the quarter.

For 2008, Fielmann is planning a further increase in unit sales, sales and profits, adjusted by one-off extraordinary health insurance back-payments. For the year overall, we intend to open 30 new branches with the creation of more than 400 new jobs.

Hamburg, April 2008

end of announcement                               euro adhoc

Further inquiry note:

Ulrich Brockmann
Head of Finance
Telefon: +49(0)40 27076-442

Branche: Retail
ISIN: DE0005772206
WKN: 577220
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Stuttgart / free trade
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing

Original-Content von: Fielmann AG, übermittelt durch news aktuell

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