Q3 2025 Fielmann Group AG Earnings Call Transcript
Key Points
- Group sales increased by 9%, with 4% organic growth and 5% from the US acquisition.
- Adjusted EBITA and EBT grew by 18% and 20% respectively, indicating a strong focus on profitability.
- The US platform regained growth momentum with a 4% year-on-year increase in US dollar terms.
- The company has optimized personnel expenses and overheads, leading to a more flexible and sustainable P&L structure.
- Fielmann Group AG confirmed its revenue outlook for 2025, expecting nearly 2.5 billion in revenue.
- Growth in Germany was below expectations, with Q3 growth at only 2% due to poor consumer sentiment and extreme weather conditions.
- The US dollar's depreciation negatively impacted reported growth figures, reducing the US growth from 4% to 3% in euro terms.
- The US margin, although doubled, is still below expectations at 14%, compared to the anticipated 19%.
- There is a delay in the execution of the business model transformation in the US, requiring more time than initially expected.
- Consumer sentiment in Germany remains a significant risk, affecting demand across the optical industry.
Good day, ladies and gentlemen, and a warm welcome to today's earnings call of the Feelman Group AI following the publication of the Q3 financial figures of 2025.
I'm happy to hand over to Fillman's CFO Stefan Beer.
Thank you very much, Ima, and also a warm welcome from me, from very Exceedingly sunny Hamburg, which is a rare occasion. So we really should be outside and not sitting in here and doing the call, but obviously, it's a pleasure for us to present you our 9 month figures and our Q3 results, in this call following, as I said, the, presentation and the release of the publication this morning.
Well, here's the, To be as, we're not so fast yet, we. We can't do questions now, but. We do the questions at the, we do the question at the end. So, disclaimer, very important, obviously for you to take note of that, should you listen to the recording. But with that, let's go to our 9 months and Q3. Numbers, in a
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