Fielmann Group AG Lowers Full‑Year Outlook, Shares Slide
Fielmann Group AG (XETRA:FIE), the Hamburg‑based eyewear retailer, saw its share price decline by roughly 3% after it announced that it now expects full‑year 2026 consolidated sales and adjusted EBITDA to fall at the lower end of its previously disclosed guidance range. The company highlighted that the optical retail sector continues to face challenges, implying softer demand or operational headwinds for the second half of the year.
During the first half of 2026, Fielmann reported consolidated sales of €1.25 billion, representing a 2% increase compared with the same period a year earlier. Adjusted EBITDA for the period was approximately €296 million, which translates into an adjusted EBITDA margin of 24%.
The downward revision to the full‑year outlook indicates that both total consolidated sales and adjusted EBITDA are now expected to be at the lower bound of the company’s earlier guidance, although the specific numerical targets were not disclosed in the release.
This guidance downgrade, set against a backdrop of a modest 2% sales growth in H1, led to a negative market reaction, with the stock price falling about 3% on the news.
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