Fielmann

Private bank Berenberg confirms its rating for Fielmann at "Buy" and sets a price target of €55. Analyst Harrison Woodin-Lygo points to a forecast cut due to subdued consumer spending in Germany, but praises the company's ongoing diversification away from its home market. » Altro su finanzen.net

Fielmann has revised its revenue and adjusted EBITDA targets downward after consumer sentiment in Germany remained weak. The share price slid intraday to €37.95 and closed about 6 percent lower at roughly €39.25. Management expects revenue growth to accelerate in the second half of the year, but this did not reassure the market. The internationalization strategy is intended to reduce dependence on the German market. » Altro su finanzen.net

Fielmann has lowered its forecast for 2026: revenue is now expected to rise 2–5% to €2.5–2.55 billion, and adjusted EBITDA is forecast at €560–580 million (previously €590–610 million). The adjusted pre-tax margin is given at around 12% instead of the prior 12–13%. The company cites persistently weak consumer sentiment in Germany as the reason, although it expects revenue growth to accelerate in the second half of the year through expansion, additional staffing capacity and productivity improvements. The disappointing forecast led to sharp share price losses and a low not seen since spring 2023. » Altro su finanzen.net