Fielmann AG explained

Fielmann Group AG
Type:Aktiengesellschaft
Foundation:1972
Founder:Günther Fielmann
Location:Hamburg, Germany
Key People:
Industry:Retail, optician
Revenue:2.27 billion (2023)[1]
Operating Income:€193.7 million (2023)
Net Income:€130.6 million (2023)
Num Employees:23,412 (2023)
Num Locations:1,086 (2023)
Homepage:https://www.fielmann-group.com/en/

Fielmann Group AG is a German eyewear company.

Fielmann stock is listed in the German SDAX index and at the northern German regional HASPAX index. With 5% of all optical stores, Fielmann has achieved a 22% sales market share and a 53% market share in terms of units sold. Fielmann is the market leader in Germany[2] and Europe's largest optician.[3]

History

In 1972 Günther Fielmann established the first Fielmann store in Cuxhaven, Lower Saxony. In 1981, Fielmann negotiated an agreement with the Esens statutory health insurance company, which allowed a larger selection of frames to be added to the portfolio for patients with insurance coverage.[4]

Fielmann has been listed on the German stock exchange since 1994. Its stock indexing advanced from a listing in the SDAX (small and medium-sized companies) to MDAX on 6 January 2009,[5] but was relegated to SDAX in December 2019.[6]

The non-profit Fielmann-Akademie was established by the company in 2001. Located in Plön Castle, Schleswig-Holstein it is a training centre for optometrists since 2002.[7]

Since 2019, Marc Fielmann has been the sole CEO of the company, succeeding his father Günther Fielmann.[8]

Corporate affairs

The key trends of Fielmann are (as at the financial year ending December 31):[9]

YearRevenue (€ m)Net income (€ m)Employees
20171,38616818,522
20181,42816919,379
20191,52117220,397
20201,42911621,853
20211,67813722,028
20221,75910422,631
20231,97023,412

Other activities

Fielmann plants a tree for every employee every year.[10] In 2009, chancellor Angela Merkel, minister-president Peter Harry Carstensen and Günther Fielmann planted the one-millionth tree in Büdelsdorf.[11]

References

External links

Notes and References

  1. Web site: Annual Report 2023. 30 April 2024 . Fielmann.
  2. Web site: Fielmann vor Einigung mit Krankenkassen (Fielmann to reach agreement with health insurances). Birger. Nicolai. Die Welt. de. 27 September 2004.
  3. Web site: Bloomberg Markets: Hidden Billionaires. Bloomberg Businessweek. September 2011. dead. https://web.archive.org/web/20110929173107/http://images.businessweek.com/slideshows/20110726/bloomberg-markets-hidden-billionaires/slides/2. 2011-09-29.
  4. Web site: In Esens blickte Fielmann durch (In Esens Fielmann looked through). Rolf. Seelheim. Nordwest-Zeitung. German. 17 September 2009.
  5. Web site: Unscheduled Adjustments in MDAX and SDAX. Deutsche Börse. 2018-04-26. https://web.archive.org/web/20180427044443/http://deutsche-boerse.com/dbg-de/presse/pressemitteilungen/Ausserplanmaessige-Aenderungen-in-MDAX-und-SDAX/2586488. 2018-04-27. dead.
  6. Web site: Stoffels. Johannes. Fielmann: Der Abstieg ändert wenig www.4investors.de. 2021-03-15. 4investors.de. de.
  7. News: Goos. Diethart. 2000-12-12. "Ganz viel dazubezahlt": Fielmann kauft Plöner Schloss. DIE WELT. 2021-03-15.
  8. Web site: Günther Fielmann zieht sich auch dem Vorstand zurück (Günther Fielmann retires from the managing board). Handelsblatt. German. 13 November 2019.
  9. Web site: Fielmann Fundamentalanalyse KGV Kennzahlen . 2024-04-08 . boerse.de . de.
  10. https://www.fielmann.de/gesellschaftliches-engagement/fielmann-baeume Fielmann.de – Gesellschaftliches Engagement: Fielmann-Bäume
  11. http://www.abendblatt.de/region/article1023127/Angela-Merkels-Stippvisite-beim-Brillenkoenig.html Angela Merkels Stippvisite beim Brillenkönig