Einhell Germany AG: Sales and earnings reached a new record high in the fist half-year of 2018

DGAP-News: Einhell Germany AG / Key word(s): Half Year Results/Half Year Results

23.08.2018 / 09:38
The issuer is solely responsible for the content of this announcement.


Information of the Einhell Group

 

Sales and earnings reached a new record high in the first half-year of 2018

 

Record turnover

Innovative products for do-it-yourself have significantly increased sales in the worldwide operating Einhell Group. Especially the cordless battery-driven devices of the Power X-Change range accepted very well from our customers.

In the first half-year of the year 2018 Einhell generated revenues of EUR 309.6 million (previous year EUR 280.5 million). Even though currency effects had a negative impact on revenue of EUR 12.8 million, revenues increased around 10.4% compared to the previous year.

Significant increase in earnings

The Einhell Group generated profit before taxes of EUR 23.7 million (previous year: EUR 19.2 million) from January to June 2018. The pre-tax margin amounts to 7.7% (previous year: 6.8%).

Purchase price allocation (PPA) effects squeezed earnings by EUR 0.8 million. Adjusted for PPA effects, profit before taxes amounts to EUR 24.5 million and the pre-tax margin is 7.9%

The earnings situation thus improved further compared to the previous year.

The net income after minority's interest amount to EUR 17.0 million (previous year: EUR 12.4 million) in the period under review. The profit per share amount to EUR 4.5 (previous year EUR 3.3).

Landau/Isar, 23 August 2018

The Board of Directors



23.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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