Fielmann Group AG Reports Resilient Growth Amidst Market Challenges

Fielmann Group AG announced a 2.3% growth in constant currency for the first half of 2026, showcasing its resilience in a challenging market. The company observed accelerated international growth in Q2, with significant momentum in European markets outside Germany and improving conditions in the US, highlighting the benefits of diversification.

Despite subdued growth in Germany, profitability remained strong, supported by a 24% adjusted EBITDA margin and a 13% adjusted EBT margin. This stability is attributed to disciplined cost management and efficiency initiatives.

Looking forward to the second half of 2026, Fielmann plans to increase store openings and implement productivity initiatives, aiming for accelerated growth. These strategies are set to expand its customer base and align with its Vision 2035 targets.