Einhell Germany AG: Preliminary financial figures for the first quarter 2019
DGAP-News: Einhell Germany AG / Key word(s): Preliminary Results/Forecast
Information of the Einhell Group
Preliminary financial figures for the first quarter 2019
Revenue and earnings before tax slightly below target
The Einhell Group generated in the first quarter 2019 revenue of about EUR 157 million in comparison with the previous year of EUR 153.7 million. In financial year 2019, the generated revenue so far is slightly below planned revenue.
Earnings before tax will be around EUR 9.4 million and also slightly below budget. In the previous year earnings before tax amounted to EUR 11.7 million.
The reduction of the stock from the second half of 2018 year and the associated lower gross profit margins in a currently tough market environment are having a negative impact on earnings. The costs and expenses incurred so far have occurred as budgeted.
In the single month of April, fortunately, a new record turnover of EUR 60 million could be achieved (previous year: EUR 54.3 million).
As already published, the market entry in the USA was completed. Einhell will be represented at the Las Vegas Hardware Show with our partner Snow-Joe.
Landau/Isar, 07 May 2019
The Board of Directors
|Company:||Einhell Germany AG|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||807917|
|End of News||DGAP News Service|