Edition:
India

Fielmann says expects stable pre-tax profit in 2018


Thursday, 28 Jun 2018 

June 28 (Reuters) - Fielmann AG ::SAYS EXPECTS TO INCREASE UNIT SALES DURING FIRST SIX MONTHS OF YEAR BY 1 PER CENT TO A TOTAL OF 4.05 MILLION PAIRS OF GLASSES.SAYS HAVE GAINED MARKET SHARES IN PRESCRIPTION EYEWEAR, CONTACT LENSES AND HEARING DEVICES.EXPECT 2018 EARNINGS BEFORE TAXES FOR ENTIRE YEAR TO BE ON PAR WITH THOSE OF PREVIOUS YEAR.ANTICIPATE AN INCREASE IN UNIT AND GROUP-WIDE SALES IN 2018 SIMILAR TO THAT OF 2017.SAYS ACCORDING TO PRELIMINARY ESTIMATES, EXTERNAL SALES ARE EXPECTED TO GROW BY ROUGHLY 1 PER CENT TO 823 MILLION EURO, WHILE GROUP-WIDE SALES SHOULD SEE A 2.0 PER CENT INCREASE TO 711 MILLION EURO.SAYS ANTICIPATE EARNINGS TOTALLING 116 MILLION EURO BEFORE TAXES FOR FIRST HALF OF YEAR.DEVELOPMENT OF SWISS FRANC WILL IMPACT SEGMENT SALES WITH 6 MILLION EUROS, EARNINGS BEFORE TAXES WITH 2 MILLION EUROS.ACCELERATING EXPANSION IN ITALY LEADS TO ADDITIONAL UP-FRONT COSTS OF ABOUT 2 MILLION EURO IN H1.SHARES DOWN 2.3 PERCENT. 

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