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Germany's Fielmann Q3 sales rise year on year, maintains 2026 outlook

By Reuters News


Overview

  • Germany's vision care provider Q3 sales rose 5.1% yr/yr to €649 mln

  • Company opened 19 new locations in Q3, supporting international sales growth

  • Adjusted EBITDA margin held at 23.4% for first nine months


Outlook

  • Fielmann confirms full-year 2026 guidance updated in August

  • Company expects 2026 sales of €2.50 bln to €2.55 bln, up 2% to 5% YoY

  • Fielmann sees 2026 adjusted EBITDA at €560 mln to €580 mln, margin 22% to 23%


Result Drivers

  • PRICE LEADERSHIP - Co said value-focused pricing drove unit growth in existing stores

  • NETWORK EXPANSION AND AUDIOLOGY - New store openings and audiology segment growth supported sales

  • TECHNOLOGY ROLLOUT - AI-based automated refraction technology improved capacity and productivity


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

EUR 649 mln

EUR 649.80 mln (2 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

  • Wall Street's median 12-month price target for Fielmann Group AG is €55.00, about 32.9% above its November 4 closing price of €41.40

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Ireland's Ryanair H1 profit falls 15% as fuel costs rise

  • Nov 4 - UK's Marks and Spencer interim revenue, profit beat estimates

  • Nov 4 - Pandora Q3 organic revenue rises on APAC growth, narrows guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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