Fielmann Group

Analyst updates, 04.11.

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- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (+1,41%)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (+1,36%)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (-5,04%)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (-0,06%)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (+0,23%)

- 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 (+0,88%)

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- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+1,12%)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (+0,58%)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (+1,39%)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-4,37%)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-2,89%)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (+0%)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-2,94%)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-0,63%)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (+0,73%)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+1,55%)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (+0,6%)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (+0,84%)

$FIE (-0,63%) 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 (-0,63%) 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

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Greetings Jo

VWL Employer😉

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𝗜𝗣𝗢𝘀 🔔

Rivian ( $N/A ) - After yesterday's IPO, the electric vehicle maker was able to exceed expectations. Compared to the issue price of $78, the stock traded at $100.73 at the close of trading, realizing issue proceeds of US$11.9 billion. This makes Rivian the largest IPO this year. The company's valuation at the current price is $100 billion, which is higher than, for example, BMW ( $BMW (-1,54%) ).

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: BP ( $BPE5 (+1,87%) ), Corning ( $GLW (+1,76%) ) and Royal Dutch Shell ( $R6C ) .

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Today Aareal Bank ( $ARLB ), Bauer AG ( $B5A ), Bechtle AG ( $BC8 (-0,68%) ), Bilfinger SE ( $GBFU ), Bridgestone ( $BGT (+1,35%) ), Burberry ( $BURBY ), Deutsche EuroShop ( $DEQ (-0,57%) ), Evotec ( $EVTCY ), Fielmann ( $FIE (-0,63%) ), K+S ( $SDF1 (-1,32%) ), Leifheit ( $LEI (-0,76%) ), Merck KGaA ( $MRK (+0,07%) ), Österreichische Post ( $O3P (+0,35%) ), Scout24 SE ( $G24 (-0,06%) ), Siemens ( $SIE (-0,41%) ), Sixt ( $SIX2 (-1,06%) ), Suzuki ( $SUK (+2,87%) ) and Varta AG ( $VAR1 (-8,44%) ) present their figures.

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General Electrics ( $GCP (+2,09%) ) - One of the largest companies in the United States announced that it will split into three publicly traded companies. These companies will then focus on the aviation, "health care" and "energy" sectors. Wall Street analysts are supportive of the company's plan. It could allow GE to escape the surprisingly poor performance of the past two decades.

Tesla ( $TL0 (+0,05%) ) - Elon Musk's brother, Kimbal Musk, sold Tesla stock shortly before his brother's Twitter poll. As previously reported, Elon Musk put the sale of ten percent of his Tesla shares to a vote via Twitter. The majority of his followers were in favor of a sale. As a result, Tesla's share price temporarily dropped to just under 880 euros. Today, Elon Musk could again face the US supervisory authority SEC because of his tweets that move the markets. In addition, publicly available SEC forms reveal that Kendal Musk, who is also a member of Tesla's supervisory board, apparently sold his Tesla shares before the investigation. He exercised an option to buy 25,000 Tesla shares at $74.17 each and immediately sold them for prices between $1,223 and $1,236. He made a profit of US$108.8 million. It is still unclear whether he knew about his brother's upcoming Twitter poll.

Merck ( $MRK (+0,07%) ) - The fight against the Corona pandemic continues on their advantage. But despite the Corona boom, the pharmaceutical and specialty chemicals group is earning less and its shares are under pressure. The group had to accept losses in the third quarter of the year. Profit after tax fell by five percent year-on-year to 764 million euros.

Delivery Hero ( $DHER (-0,83%) ) - After strong growth in the third quarter, Delivery Hero is again more optimistic for the full year. Revenues are now expected to be between €6.4 billion and €6.7 billion. The adjusted EBITDA/gross merchandise value margin of minus 2 percent remains unchanged. According to CFO Emmanuel Thomassin, the focus will continue to be on sustainable, long-term growth by strengthening the presence in key markets and the global leadership position. The stock is popular with investors today, rising 4.25 percent at times to 116 euros.

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Apple ( $APC (+0,52%) ) - The tech giant's CEO said the day before that he personally holds crypto-currencies, including Ethereum and Bitcoin. However, according to his statements, Apple has no plans to invest in crypto-currencies.

Coinbase ( $1QZ (-7,73%) ) - Yesterday, investors in the largest U.S. crypto exchange platform experienced a major disappointment, as the third quarter figures could by no means match the second quarter in terms of profits. The newcomer to the stock market's profits fell by 74.9 percent in quarterly comparison. While in the second quarter, US$1.6 billion was earned, in the third quarter, only US$406 million was earned. However, the situation is not as dire as these numbers may appear at first glance. The third quarter numbers are only bad if you compare them directly with the very good numbers from the second quarter. However, these are directly related to the hype of the company's IPO. If we look at the third quarter of 2020, we see that the 2021 earnings have increased by 500% in comparison. In addition, it should be noted that Coinbase's key numbers are logically very heavily dependent on the performance of the overall crypto market.

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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