09.02.2017
Leifheit Aktiengesellschaft DE0006464506
DGAP-News: Leifheit Aktiengesellschaft: Leifheit continues its sustainable growth and confirms earnings forecast
DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Development of
Sales/Preliminary Results
Leifheit Aktiengesellschaft: Leifheit continues its sustainable growth and
confirms earnings forecast
09.02.2017 / 09:29
The issuer is solely responsible for the content of this announcement.
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Leifheit continues its sustainable growth and confirms earnings forecast
for 2016
- Group turnover growth of 2.3 percent, according to provisional figures
for 2016
- Strategically important brand business grows by 4.1 percent
- Forecast EBIT of more than EUR 21 million confirmed
Nassau, 9 February 2017 - According to provisional figures, in the 2016
financial year Leifheit AG achieved group turnover of EUR 237.1 million,
continuing its sustainable growth. Group turnover increased by 2.3 percent,
up from EUR 231,8 million in the previous year. Due to positive effects
from the development of the Leifheit brand and growth in the e-commerce
distribution channel, turnover increased by 4.1 percent in the brand
business. Based on these figures, Leifheit confirmed its earnings forecast
for the 2016 financial year, which predicted EBIT of EUR 21 million and was
concretised in November 2016.
Regional turnover development in the 2016 financial year was subject to a
number of special effects. An important mail-order customer moved its
deliveries from Germany to Luxembourg, so the resulting turnover was also
shifted to Luxembourg. The group also ceased contract manufacturing for a
German customer as planned at the end of the 2015 financial year. In
Germany, that led to an overall decrease in turnover of 4.4 percent to EUR
94.5 million, down from EUR 98.8 million in the previous year. On a
comparable basis, turnover in Germany would have increased by almost two
percent. Meanwhile, in Central Europe, turnover increased by 4.5 percent to
EUR 107.8 million, up from EUR 103.2 million in the previous year. In the
Eastern Europe region, turnover increased by 27.8 percent to EUR 25.0
million, compared to EUR 19.6 million in the previous year. That growth was
driven, in particular, by Poland, the Czech Republic and Slovakia.
The positive development of the strategically important brand business
continued in the 2016 financial year, with turnover for the year amounting
to EUR 195.8 million. The increase of 4.1 percent compared to the previous
year of EUR 188.1 million was slightly lower than expected. That was partly
due to promotional business that was not fully utilised by customers in the
final quarter. As in the previous year, higher demand for Leifheit brand
products in the cleaning segment and a double-digit increase in the e-
commerce distribution channel, were crucial to the growth achieved in the
group's brand business.
As expected, in 2016 the company's significantly smaller volume business
was not able to sustain the development achieved in the 2015 financial
year. Turnover from the volume business in 2016 amounted to EUR 41.3
million, a decrease of 5.7 percent from the previous year's figure of EUR
43.7 million. That development was recognisable by the third quarter and
was due to the basic effect of initially stocking a new retail customer in
France in the second half of the previous year, as well as the planned end
to contract manufacturing for third parties. Project business planned for
the fourth quarter was also postponed.
"Our sustainable growth continues the positive trend from the two previous
years. Overall, we are satisfied and continue to work consistently on the
successful implementation of our Leifheit 2020 strategy," says Thomas
Radke, CEO of Leifheit AG.
By publishing its provisional turnover figures, Leifheit confirmed its
earnings forecast for the 2016 financial year, which predicted EBIT of over
EUR 21 million and was concretised in November 2016. The company will
release its final figures for 2016 when it publishes its full annual
financial report on 29 March 2017.
About Leifheit
Leifheit AG, founded in 1959, is one of the leading European brand
suppliers of household items. The company stands for high quality,
innovative products with great utility and functional design in the sectors
of cleaning, laundry care, kitchen goods and wellbeing. Leifheit and
Soehnle are among the best-known brands in Germany. In addition to the
Brand Business, Leifheit AG operates in the service-oriented Volume
Business via its French subsidiaries Birambeau and Herby. The Leifheit
Group and its international branches combined have around 1,000 employees.
More information on Leifheit is available online at www.leifheit-group.com,
www.leifheit.de, www.soehnle.de.
Contact:
Leifheit AG
D-56377 Nassau
[email protected]
+49 2604 977218
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09.02.2017 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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Language: English
Company: Leifheit Aktiengesellschaft
Leifheitstraße
56377 Nassau
Germany
Phone: 02604 977-0
Fax: 02604 977-340
E-mail: [email protected]
Internet: www.leifheit-group.com
ISIN: DE0006464506
WKN: 646450
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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