After completing the takeover of US competitor SVS Vision, the optics group Fielmann expects more sales for the current year. The company announced on Friday in Hamburg that external sales should increase by 13 percent to 2.3 billion euros in 2023. So far, Fielmann had aimed for an increase of seven to ten percent compared to the previous year. The optician chain completed the takeover of SVS Vision on Thursday and will consolidate the US company from September 1st.
In terms of the operating result, the contribution from US business will still be negligible in the current year, but will improve significantly in 2024, explained Fielmann. For earnings before interest, taxes, depreciation and amortization (Ebitda), the company now expects an increase of 18 percent to around 400 million euros in 2023, which is at the upper end of the previous forecast of growth of 9 to 21 percent. The pre-tax result should also increase by 18 percent to over 190 million euros.
At the beginning of July, Fielmann announced the takeover of SVS Vision and the Canadian company Eyevious Style with its e-commerce platform Befitting, and with it the leap to North America. According to the information at the time, SVS Vison was valued at the equivalent of around 105 million euros, Eyevious Style at around 35 million euros – each without cash and debt. (dpa)