07.04.2022 Einhell Germany AG  DE0005654933

DGAP-Adhoc: Einhell Germany AG: Business development 1st quarter 2022 / increase of forecast range / revenues and earnings before tax FY 2021


 

DGAP-Ad-hoc: Einhell Germany AG / Key word(s): Change in Forecast/Annual Results
Einhell Germany AG: Business development 1st quarter 2022 / increase of forecast range / revenues and earnings before tax FY 2021

07-Apr-2022 / 14:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



Business development 1st quarter 2022 / increase of forecast range / revenues and earnings before tax FY 2021

 

Einhell Germany AG (ISIN: DE 0005654933) listed under Prime Standard of Deutsche Börse AG announces the following:

In the first quarter of 2022, the Einhell Group was able to generate sales of approx. EUR 290 million compared to EUR 229.6 million in the previous year. The newly acquired subsidiary Outillages King Canada has been included in sales for the first time since March 1, 2022 at around EUR 3,3 million.

Due to this positive development and the very good order situation, the group is increasing its forecast for organic sales growth for the 2022 financial year. The Management Board assumes that an organic sales growth at the upper end of the previous forecast range, i.e. of approx. 10 % (previously 5 -10 %), could be achieved. This means a forecast turnover for 2022 of approx. EUR 1,020 million. In addition, a further approx. EUR 30 million is forecast for 2022 as a result of the takeover of the Canadian company Outillages King Canada.

The group is also increasing its pre-tax return forecast for the 2022 financial year from around 8.5 % to around 8.5 - 9.0 %.

The effects of the Russia-Ukraine war on business development in both countries cannot yet be conclusively assessed. The sales of the two national companies amounted to approx.
1.2 % of the group sales in 2021.
The situation on the procurement market also remains tense. Due to the rigid Corona containment measures in China, ports or individual port terminals in Asia can be closed again and again. The availability of raw materials and components and their price development can also have a fundamental impact on business development in 2022. The Einhell Group has taken precautions by increasing inventories accordingly.
Effects of the inflationary tendencies on the demand of the end consumers are currently not yet to be observed, but cannot be ruled out in principle.
In the medium to long term, the Management Board assumes that business will continue to develop very positively and will continue to push ahead with strategic goals such as the expansion of the Power X-Change platform and the development of the Einhell brand, as well as international expansion.

In the past fiscal year 2021, the Einhell Group was able to generate consolidated sales of EUR 927.4 million compared to EUR 724.7 million in the previous year.

According to preliminary figures, earnings before taxes amount to EUR 81.8 million (previous year: EUR 56.4 million). The return on sales increased from 7.8 % to 8.8 % in 2021. Earnings per share increase to EUR 15.5 (previous year: EUR 10.9).

There is a dividend proposal from the Management Board, which still has to be approved by the Supervisory Board. According to this proposal, the Board of Directors will propose an increased dividend of EUR 2.60 per preferred share (previous year: EUR 2.20) and EUR 2.54 per ordinary share (previous year: EUR 2.14) to the Annual General Meeting due to the successful business development.

Landau/Isar, April 07 2022

The Board of Directors


07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Germany
Phone: +49 (0)9951-942-166
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
EQS News ID: 1323099

 
End of Announcement DGAP News Service

1323099  07-Apr-2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 487,21 553,35 577,90 605,69 724,68 927,42 1.020,00
EBITDA1,2 26,98 43,76 43,50 43,47 68,63 94,43 103,50
EBITDA-Marge3 5,54 7,91 7,53 7,18 9,47 10,18 10,15
EBIT1,4 20,51 38,51 38,66 35,04 59,01 82,38 90,60
EBIT-Marge5 4,21 6,96 6,69 5,79 8,14 8,88 8,88
Jahresüberschuss1 9,65 21,56 26,13 24,58 41,81 60,15 63,00
Netto-Marge6 1,98 3,90 4,52 4,06 5,77 6,49 6,18
Cashflow1,7 41,92 -9,19 -13,76 56,01 36,31 -151,44 67,00
Ergebnis je Aktie8 2,50 5,60 6,90 6,40 10,90 15,56 15,95
Dividende8 0,80 1,20 1,40 1,40 2,20 2,60 2,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
Einhell Germany VZ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
565493 141,000 Kaufen 532,19
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,60 12,22 0,86 21,34
KBV KCV KUV EV/EBITDA
1,47 - 0,57 7,84
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,60 2,60 1,84 24.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.05.2022 24.08.2022 18.11.2021 26.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,57% -9,33% -36,20% -27,32%
    
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