HAMBURG (dpa-AFX) - Fielmann Group AG (FLMNF.PK), on Tuesday, reported that
Q1 group sales rose by 11% to EUR 529 million from EUR 478 million last year.

While the company's US business added more than EUR30 million in sales during
the first quarter, its European business grew 4% over Q1/2023. Germany reached a
growth rate of 3% over last year, and Switzerland recorded sales growth of 4%
over the same period of last year. Austria improved 9% and Spain rose 10% over
Q1/2023. Poland - once again - stood out with 36% growth over last year.

Despite the slower topline dynamic in Europe, Fielmann Group's Q1/2024 EBITDA
increased by 11% to EUR 117 million from the previous year's EUR 106 million,
while EBT improved by 7% to EUR 62 million from EUR 58 million reported in the
prior year period.

In FY2024, the company said it expects to continue its strong topline growth at
a similar pace as in 2023 and 'we are going to expand our bottom line with a
proportional or slightly higher EBITDA increase as well as a slightly higher
EBT margin.'



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