Fielmann Group Action Forum

Analyst updates, 04.11.

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- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-0,63 %)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-1,71 %)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (+0,3 %)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (-0,17 %)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (-1,9 %)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (-0,37 %)

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- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+0,21 %)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (+1,72 %)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (+0,68 %)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-2,89 %)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-3,94 %)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-4,97 %)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-1,56 %)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-1,97 %)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (-3,12 %)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (-2,34 %)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (-0,53 %)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (-0,78 %)

$FIE (-1,97 %) Fielmann continues to grow - but share price still falls

• US acquisitions drive growth
• Full-year targets confirmed
• Share price falls the most since 2022

The optician chain Fielmann has continued its growth course thanks to acquisitions in the USA, but still disappointed the stock market. In the past quarter, sales rose by a good 15 per cent to 601 million euros, Fielmann announced on Friday.

The operating profit increased by almost nine percent to 142 million euros. However, Fielmann was unable to convince investors on the stock market.

The share, which is included in the small-cap index SDax, fell by more than ten percent at times, the sharpest fall since two years ago. The figures presented were below his expectations, wrote DZ Bank analyst Thomas Maul.

The European business in particular was disappointing. He therefore expects his colleagues to lower their earnings forecasts, although the company has reaffirmed its full-year targets.

Europe's largest optical chain expects consolidated sales of around 2.3 billion euros for the 2024 financial year.

The operating profit margin in the European business is expected to be just under 23 percent. Although it will be lower in the USA, it will increase significantly in the current and coming year.

In the first nine months of 2024, Group sales rose by 13% to EUR 1.69 billion. Five percent was attributable to organic growth and the rest to acquisitions in the USA. Adjusted operating profit also increased by 13% to 379 million euros. This resulted in a return of 22.4 percent. The current savings program is paying off here. In addition, more high-margin products were sold.

$FIE (-1,97 %) expands into the USA

Fielmann Group expands into the USA, acquires SVS Vision and Befitting

First step of a long-term plan for more customer focus in the world's largest market

HAMBURG AND DETROIT, MICHIGAN, USA - June 7, 2023 -

The Fielmann Group announces that it is expanding into the U.S. market. The two acquisitions announced today together represent an important milestone in Vision 2025, under which the German family-owned company continues to internationalize its business model.

The Fielmann Group has reached an agreement to acquire 100 percent of the shares in SVS Vision. SVS Vision is an optical company that operates more than 80 stores in nine U.S. states. The market-leading Michigan optometrist generated more than $100 million in sales in 2022. The transaction is expected to close by Aug. 31, 2023, subject to customary closing conditions.

The Fielmann Group also announced that it has entered into an agreement to acquire 100 percent of the shares of Eyevious Style, Inc. This is the company behind the e-commerce platform Befitting, which significantly simplifies online eyewear purchases. The transaction is expected to close as early as today.

In connection with the transactions, the Fielmann Group also announced that it has been able to recruit Lukas Rücker as CEO for Fielmann USA, Inc. Lukas previously worked for Luxottica for more than a decade. Under his leadership, EyeMed Vision Care became the world's fastest growing eye insurance company.

The Fielmann Group is a publicly traded, family-owned company headquartered in Hamburg, Germany. Through an omnichannel business model with digital sales channels and around 1,000 branches, Fielmann supplies 27 million customers with glasses, contact lenses and hearing systems.

About SVS Vision

SVS Vision is an optician based in Mt. Clemens, Michigan, USA. The company is the market leader in Michigan and operates a total of more than 80 stores in 9 U.S. states. The privately held company employs approximately 650 people and generated more than $100 million in external sales in 2022. SVS Vision has a surface grinding and eyewear manufacturing facility, as well as its own eye insurance business.

About Befitting

Befitting (Eyevious Style, Inc.) is a technology provider and e-commerce platform that significantly simplifies online eyewear purchases for customers with medical eye insurance. The company employs 26 people in Canada and the United States.

#boersengehandelteralltag

Hi, somewhere in the feed there was a story...

It was about which listed companies you come into contact with in everyday life.

Somehow that appealed to me, and I thought to myself, that would be something where I could actively participate....

So....

After the morning bath visit with among other things products of $UN or $PG (+0,18 %) are used, comes directly already a hot drink from $NESTS.

Then I pack my service laptop of $HPQ (-1,52 %) with $INTC (-2,95 %) inside, as well as my tablet and cell phone $SMSD (-3,74 %) and $AAPL (+0,17 %) in the bag and make me on the way.

Then I realize schei.... what forgotten, and run back to the bathroom again and mount my wristwatch from $UHRN (-3,18 %) and the glasses from $FIE (-1,97 %)

The way to work I do relatively comfortably in a $F (-0,38 %), the ride is secured by $ALV (-2 %).

On the way I get me depending on my mood still a croissant from $ARZTY. On the about 50km long distance on the highway I meet of course all other manufacturers $BMW (-0,59 %)
$VOW3 (+0,38 %)
$DTG (-0,12 %)
$MBG (-0,93 %)
$N/A and in Switzerland drive relatively many $TSLA (-6,59 %) and of course many more...

Shortly before I then in my Bude $CARL A (-2,68 %) arrive, I still drive at the headquarters of $ROG (-1,18 %) and $NOVN (-0,7 %) headquarters...

When I arrive at the desk, I see the keyboard of $LOGN (-2,18 %) ...

How should it be different na of course we work with $SAP (-0,16 %).

So that I do not freeze runs in the Bude ne heating from $MTG (-0,96 %)

After I have worked hard, my hands need a break and a bit of care $BEI (-0,48 %).

I look then with pleasure also times in my depot which does itself at the stock market so $CBK (-2,23 %).

Every now and then I have to do some research. $GOOG (+1,15 %). Our IT runs of course not without $CSCO. (+0,49 %)

During the break I like to have a drink with colleagues $PEP (+0,08 %) with colleagues, or we serve ourselves on the 2nd floor $SCHP (-1,74 %) at the inhouse vending machine of $SBUX (-1,15 %).

After the coffee a visit to the toilet may not be missing, surely pipes of $GEBN (-0,16 %) installed.

Professionally I call a lot, our provider $SCMN (-1,35 %)

Not directly in my job, but in the gaff drive insanely many devices from $JUN3 (-0,23 %) and $KGX (-3,94 %) which I can observe from the break room.

In my department we also have many products from $MMM (-1,01 %) in use.

In the afternoons, I test products and their flow properties from $DGE as part of my job. In the past, I also tested $BUD products, but we stopped working together.

On the way home I fill up with gas at $SHEL (-0,63 %) and because life is so good, I get a little cash at $CSGN

Oh yes I forgot to mention my shoes from $ADS (-2,05 %) on which I am comfortable all day on the road ...

Well, and when I'm back home, my wife has me a little luck something delicious from $GIS (+0,3 %) maybe even with a sauce from $KHC (-1,21 %) cooked...

With a little less luck she shows me the latest purchases made by you at$AMZN (+1,9 %) :-)

Then I go to the basement and start the washing machine from $VZUG with products from $HEN (-0,36 %)

To the end of the day I treat myself then if necessary still a cool $KO (+0,08 %) ....

So far a little insight...

I hope you could follow me :-) Surely still forgotten many companies with which I am in daily contact...

Thanks for the comment with the $ have that still adjusted and the one or other company which I still thought of added...

Greetings Jo

VWL Employer😉

Employee shares

Underdog on Comeback Tour🏁?

Due to the impact of the pandemic, many companies have had to struggle with the closure of stationary stores. Fielmann was also affected by this setback & the company's growth stagnated. Nevertheless, they were able to make a strong "comeback" within the first half of the year verzeichnen🏋🏽‍♀️.

💥 Sales increase of 29% within the first half of the year

🔥 Profit jump of 144% within the first half of the year

💯 Forecasts for sales for the full fiscal year increased to €1.7 billion, which would represent a new record

ACTIVE AREAS🥊

👓 Shareholding in optical and hearing aid companies

⚙️ Manufacture of contact lenses, eyeglasses & related eyewear products.

EXPANSION🌎

👨🏽‍💻 Fielmann pursues omnni channel strategy - online trade & stationary trade

🏦 45 new branches to be opened across Europe

✈️ Online trade to expand to further countries

🏆 Within the last few years, acquisitions have been made in a wide variety of countries for the international expansion

💰 Dividend currently stands at around 1.84

What is your opinion on Fielmann, does the Unternehmen🤵🏽‍♂️ convince you?

Do you hold the stock in your portfolio or are you planning to add it to your portfolio🧐?

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Source: The Motley Fool, finanzen.net,
investing.com, Stock Finder , Marketscreener