HAMBURG (dpa-AFX) - German eye-wear company Fielmann AG (FLMNF.PK) on Thursday said its pre-tax profit in the first quarter increased 18.8% year-on-year to 49.6 million euros.
Net income for the quarter increased 18.7% from last year to 34.2 million euros.
Consolidated sales in the first quarter rose 8.5% to 414 million euros.
Across Europe, the company delivered more than 1 million parcels, about 30% rise from last year.
'The Fielmann Group will benefit disproportionately from a normalisation of the environment. We are going to invest about €100 million in 2022 and expect strong growth for the full year. Our guidance of up to 10% sales growth and notable margin improvement is contingent on the assumption that neither restrictions resulting from the Covid-19 pandemic nor protracted consequences of the war are significantly affecting our business outside Ukraine,' said Fielmann.
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