30.04.2009

Contact lens firm to work on expansion after profit fall

Contact lens firm to work on expansion after profit fall

By Martin Burns

A contact lens and spectacles firm is responding to a weak first quarter by working on expansion, it has been reported.

According to Reuters, German company Fielmann suffered a 15 per cent fall in pretax profits during the first three months of 2009, going from 38.7 million euros (£35 million) in the same time in 2008 to 33 million (£30 million) euros this year.

The company has now announced that it is focusing on its goals for acquisition.

During this first quarter, it increased its marketing spending by 10 million euros (£9 million).

Fielmann aims to sell budget eyewear and claims to have 16 million people wearing its spectacles.

According to its website, it is also the biggest optician in Europe.

Frames for glasses in its womenswear range include a variety of different shapes for lenses and rimless styles as well as heavier ones.

There is also a choice of colours, including black and various shades of blue.

by Emily Tait


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