Expects Consolidated Sales Of €2.3 Billion (+15% Over Last Year)

Fielmann AG

29/08/2024 06:36

Aug 29 (Reuters) - FIELMANN GROUP AG  FIEG.DE :
    * FIELMANN GROUP SALES GROW BY +11% IN HY1/2024, EBITDA BY
+14%
AND EBT BY +17% COMPARED TO PREVIOUS YEAR
    * ON 1 JULY 2024 CLOSED AN ADDITIONAL ACQUISITION IN UNITED
STATES
    * SALES GROW BY +11% IN HY1/2024
    * H1 EBITDA UP 14%
    * EARNINGS OUTLOOK 2025: EUROPEAN MARKETS EXPECTED TO REACH
VISION
2025 EBITDA TARGET MARGIN OF 25%, FIELMANN GROUP MARGIN
INCLUDING US BUSINESSES SLIGHTLY BELOW
    * H1 EBT UP 17%
    * FOR THE FULL YEAR 2024, THE FIELMANN GROUP EXPECTS
CONSOLIDATED
SALES OF €2.3 BILLION (+15% OVER LAST YEAR)
    * AT GROUP LEVEL, INCLUDING FIELMANN USA, WE EXPECT AN
INCREASED
EBITDA MARGIN IN 2024 COMPARED TO PREVIOUS YEAR WHEN ADJUSTING
FOR TRANSACTION AND INTEGRATION COSTS
    * GROUP EBT MARGIN IS SET TO INCREASE BOTH IN 2024 AND 2025

Source text for Eikon:  ID:nEQb9jD6Za 
Further company coverage:  FIEG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com))