The optical group Fielmann expects the takeover of the US group SVS Vision to be completed soon. After that, the forecast for the current year should be updated, the company announced when presenting the final half-year figures on Thursday in Hamburg. SVS Vision will contribute to the sales of the Fielmann Group immediately after the conclusion. However, the company sees the contribution to earnings before interest, taxes, depreciation and amortization (Ebitda) as low for 2023 due to the acquisition costs. From 2024, the consolidation of the US business over the course of the year will lead to a significantly higher contribution to earnings at group level, it said.
At the beginning of July, Fielmann announced the takeover of SVS Vision and the Canadian company Eyevious Style, and with it the move 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.
So far, Fielmann is assuming group sales growth of between 7 and 10 percent for 2023. When it comes to the operating result (Ebitda), the group is aiming for growth of 9 to 21 percent. The preliminary half-year figures published in July have been confirmed. The company posted double-digit percentage growth and benefited from cost cutting. After taxes, Fielmann earned EUR 74.6 million after EUR 60.9 million a year earlier. (dpa)