Leifheit Aktiengesellschaft: Leifheit Group raises forecast for full year 2023

Nassau (Germany), 13 October 2023 – Based on the preliminary business figures for the first nine months of 2023, the Management Board of Leifheit AG (ISIN DE0006464506) has reassessed the expectations for the financial year 2023 today.

Despite the persistently challenging market conditions, the Management Board now expects a slight year-on-year growth of Group turnover for the financial year 2023 (2022: EUR 251.5 million). Previously, a slight decrease of Group turnover had been expected.

After previously forecasting Group earnings before interest and taxes (EBIT) in the low single-digit million-euro range for financial year 2023, the Management Board now assumes EBIT in the mid single-digit million-euro range (2022: EUR 2.8 million). On this basis, Free cash flow is estimated to be in the upper single-digit million-euro range. It had previously been expected in the lower single-digit million-euro range (2022: EUR 8.8 million).

Group EBIT was impacted by non-recurring expenses in connection with the changes in the Management Board in the third quarter 2023. Nevertheless, the preliminary Group EBIT in the first nine months reached EUR 5.0 million (9M 2022: EUR 3.2 million). At the end of the third quarter, Group sales amounted to EUR 200.0 million – a growth of 3.5 percent compared with the prior-year figure (9M 2022: EUR 193.2 million).

The information on the development in the first nine months 2023 is based on preliminary calculations. Therefore, there may be deviations from these figures in the quarterly statement that will be published on November 15, 2023.