HAMBURG (dpa-AFX) - The Fielmann Group (FLMNF.PK) announced it has closed on
its acquisition of Shopko Optical. It will contribute six months of business
sales in the current year. Shopko Optical's fiscal 2024 profit contribution is
expected to be limited, Fielmann noted. Russ Steinhorst, former CEO of Shopko
Optical, has been appointed Executive Vice President and Chief Financial Officer
of Fielmann USA.

The Fielmann Group raised sales outlook for 2024 proportionally to around 2.3
billion euros, revised from prior guidance of around 2.2 billion euros. EBITDA
margin remains in line with previously issued guidance, the Group said.



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