Optician: Fielmann's share price comes under pressure after weak forecast
Germany is the most important market for the Hamburg-based group, and weak consumer sentiment is affecting the company. The supplier of glasses and hearing aids has lowered its forecast.
Fielmann's stock price fell under pressure after the company lowered its annual forecast. The eyes optics chain expects lower sales growth and a reduced EBITDA due to weak consumer sentiment in Germany, its main market. Fielmann now predicts 2-5% sales growth and an EBITDA of €560-580 million, down from previous expectations of 5-7% growth and €590-610 million. The stock price dropped 7.3% to a low of €37.95, its lowest level since spring 2023. The company will present its half-year financial report on Thursday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
