25.04.2016
Einhell Germany AG DE0005654933
DGAP-News: Einhell Germany AG: Einhell Group increased revenue and profit considerably in 2015
DGAP-News: Einhell Germany AG / Key word(s): Final Results/Conference
Einhell Germany AG: Einhell Group increased revenue and profit considerably
in 2015
25.04.2016 / 13:18
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Information for the Business Press released by
Einhell Germany AG, Landau/Isar
- Einhell Group increased revenue and profit considerably in 2015
- Increased dividend distribution
- International expansion
- E-Commerce
- Power-Exchange-System
- Forecast for the business year 2016
- Press conference (audioconference)
Landau/Isar, 25 April 2016
Einhell Group increased revenue and profit considerably in 2015
Despite difficult market conditions at some regions the Einhell Group was
able to increase revenue significantly in comparison to the previous year.
In 2015 Einhell generated revenue of EUR 443.8 million (previous year EUR
416.4 million).
In the D/A/CH region (Germany, Austria, and Switzerland), revenue increased
to EUR 175.6 million (previous year: EUR 164.5 million). The share in
consolidated revenue amounts to 39.6%.
Revenue in the rest of Europe increased in comparison to the previous year.
There was a total revenue increase of 7.9% from EUR 133.5 million to EUR
144.0 million. The most important sales markets in the financial year 2015
were still Italia, France and UK.
The other countries and South America also generated significant increases
in revenue. As against the previous year, revenue increased by EUR 13.6
million to EUR 116.7 million (previous year EUR 103.1 million). The revenue
was generated mostly by subsidiaries at South America and Ozito Industries
Pty Ltd in Australia and New Zealand. Ozito Industries Pty Ltd realized
revenue of EUR 85.6 million (previous year EUR 73.2 million) in the last
financial year.
The Einhell Group generated earnings before tax and without considering
purchase price allocation effects because of the acquisition of Ozito
Industries Pty Ltd of EUR 13.7 million. The yield amount to 3.1%.
Considering PPA-effects earnings before tax amount to EUR 11.8 million
(previous year EUR 5.1 million); pre-tax yield amount to 2.7% (previous
year 1.2%).
It was very pleasant, that the gross profit has increased in spite of the
difficult economic conditions.
An EBIT-yield of 3.1% (previous year 2.0%) in relation to the turnover has
been obtained in the business year 2015. The EBIT has increased in
comparison with the previous year and amount to EUR 13.9 million (previous
year EUR 8.4 million).
The net income after minority's interest has increased in the business year
2015 from EUR 1.6 million to EUR 7.4 million.
The profit per share after minorities interest amount to EUR 1.9 (previous
year EUR 0.4).
The Einhell Group continues to show up a very solid balance sheet structure
with an equity ratio of around 52.5%.
Increased dividend distribution
Einhell follows its profit-oriented dividend policy. The board of directors
and the supervisory board will propose at the general meeting on 10 June
2016, a dividend for the listed preferred shares of EUR 0.60 per share and
for common shares EUR 0.54 per share.
International expansion
To enable a long term success and to boost the competitive position,
Einhell will follow its expansion strategy also in the future. In addition
to expanding existing customer relationships, the Group intends to make
consistent efforts to break into new markets. Einhell thus intends to
position itself as a global supplier with a highly attractive product range
and benefit from economies of scale through higher sales volumes. The
internationalisation process in Europe is already very advanced. The Group
generates most of its revenue in Europe today. The further
internationalisation outside of Europe is considered to be important in
order to tap into additional growth fields and also gradually reduce the
dependence on Europe. Through the positioning in regions outside of Europe,
the Einhell Group optimises its global risk portfolio and thus tries to
better balance out seasonal and especially regional economic downturns.
E-Commerce
The Einhell Group will consistently continue to pursue the expansion of its
digital competence and capacity to act in all of its business divisions.
Strategic decisions and measures to promote this goal continue to be
implemented to ensure the organisation's future and to secure competitive
advantages, develop new business opportunities and revenue potential
resulting from the digital revolution. The establishment of the online
retail channel will also take place in close cooperation with our existing
sales partners to optimise the presentation of our products in the field of
e-commerce and add even more sales information.
Power-exchange-system
The Einhell Group will offer high-quality and innovative products to the
end consumers. We want to try and gain additional market shares in various
regions with the help of the new Power X-Change system. There is no master
battery concept comparable to that of Einhell on the European market.
Various devices from both the Tool and the Garden & Leisure segment can be
operated with one and the same battery. We will develop the Power X-Change
system even further in order to be able to offer the master battery system
in as many areas as possible. It is also very important for us to not only
entice enthusiasm from our trading partners and end customers, but to also
win external partners for our platforms.
Forecast for the business year 2016
Although the market environment presents itself to be very fragile, the
Einhell Group expects a positive development in sales and earnings. Taking
into account all influencing factors the Einhell Group expect a slight
increase of the revenue to around EUR 455 million. We further expect a
pre-tax yield without considering effects out of the purchase price
allocation of around 3.5% (including purchase price allocation effects of
around 3.0%). The forecast is slightly higher than the achieved yields of
recent years.
Press conference (audioconference)
We invite you to ask questions to our chief financial officer personally.
Therefore we will organize a conference call on 29 April 2016 at 10 am
(conference language: German). The in-dialing number are published at our
homepage www.einhell.com (investor relations - financial appointments).
Landau/Isar, 25 April 2016
The Board of Directors
Contact:
Helmut Angermeier
Authorised Representative
Postfach 1 50
94402 Landau/Isar
Phone: +49 (0) 9951/942-166
Fax: +49 (0) 9951/942-162
E-Mail: [email protected]
---------------------------------------------------------------------------
25.04.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
End of News DGAP News Service
---------------------------------------------------------------------------
457317 25.04.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Einhell Germany AG ISIN: DE0005654933 können Sie bei EQS abrufen
Konsumgüter , 565493 , EIN3 , XETR:EIN3