Fielmann Group AG Adjusts 2026 Financial Forecast Amid German Market Uncertainty

Fielmann Group AG has revised its financial forecast for 2026 due to ongoing consumer uncertainty in Germany. The economic hesitations in Germany, a crucial market for the company, have impacted consumer confidence, prompting Fielmann to adjust its sales expectations.

The company now predicts consolidated sales between €2.50bn and €2.55bn, indicating a 2% to 5% growth, down from previous forecasts of 5% to 7%. Despite reduced sales momentum, profitability impact is anticipated to be offset by cost improvements, with an adjusted EBITDA margin expected at 22% to 23%, down slightly from the prior 23% forecast.

International market contributions remain a bright spot, underscoring the benefits of Fielmann's diverse model. The company anticipates accelerated sales growth in the latter half of 2026, maintaining confidence in long-term growth supported by demographic trends and myopia prevalence.