23.08.2018
Einhell Germany AG DE0005654933
DGAP-News: 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
Einhell Germany AG: Sales and earnings reached a new record high in the fist
half-year of 2018
23.08.2018 / 09:38
The issuer is solely responsible for the content of this announcement.
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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
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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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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Germany
Phone: +49 (0)9951-942-166
Fax: +49 (0)9951-942-293
E-mail: [email protected]
Internet: www.einhell.com
ISIN: DE0005654933, DE0005654909
WKN: 565493, 565490
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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716697 23.08.2018
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