11.11.2015
Leifheit Aktiengesellschaft DE0006464506
DGAP-News: Leifheit Aktiengesellschaft: Positive business development continues for Leifheit
DGAP-News: Leifheit Aktiengesellschaft / Key word(s): 9-month
figures/Quarter Results
Leifheit Aktiengesellschaft: Positive business development continues
for Leifheit
11.11.2015 / 08:21
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Positive business development continues for Leifheit
- Group turnover increases by 7.1%
- Strong growth in Brand Business and Volume Business
- EBIT increases to EUR 17.9 million
- 2015 earnings forecast specified: EBIT about EUR 20 million expected
Nassau, 11 November 2015 - In 2015 business development continues to be
positive for the Leifheit Group, with turnover and results experiencing a
further increase in the third quarter of the year. In the first nine
months, turnover increased by 7.1% to EUR 173.2 million compared to the
same period of the previous year. As was the case during the first half of
2015, the robust growth with the Leifheit brand had a particularly strong
impact on turnover in the domestic market. With 44.5%, Germany still has
the largest share of turnover for the group. Above-average growth in
individual Central European markets and significant growth in the Middle
East, the Far East, Australia and South America also had a positive impact
on results. Furthermore the pipeline filling activities at a new retail
partner in France in the Volume Business segment contributed to the growth
during the third quarter.
"The positive development experienced during the first three quarters of
2015 can be linked back to our 'Leifheit 2020' group strategy. These
results provide further encouragement as we implement this strategy. We
will now focus on expanding Brand Business and stabilising Volume Business,
with the overall aim of accelerating the Group's growth", says Thomas
Radke, CEO of Leifheit AG.
Leifheit Group EBIT continues to improve
In the reporting period, the Leifheit Group's EBIT increased by 10.8% to
EUR 17.9 million compared to EUR 16.2 million in the previous year. The
EBIT margin is 10.4%. As a result of the growth in turnover within the
course of the business year, the group therefore benefited from increasing
contribution margins.
After deduction of taxes, the net result for the first nine months of 2015
amounted to EUR 11.9 million, representing an increase of 12.2% on the
previous year's figure (EUR 10.6 million).
Brand Business turnover continues to grow strongly
In the first three quarters of 2015, Brand Business turnover increased by
EUR 9.0 million to EUR 142.7 million. The segment in which Leifheit and
Soehnle products are offered registered an increase in turnover of 6.7%
compared to EUR 133.7 million in the same period of the previous year.
The continued growth of Brand Business turnover is principally due to
increasing demand for Leifheit branded products, primarily in the Cleaning
category. E-commerce has also aided growth in this segment, which once
again hit double digits during the first nine months of the business year.
Brand Business' share of Group turnover amounted to 82.4%, which is
approximately in line with figures from the previous year. During the
reporting period, segment EBIT increased by 9.2% to EUR 14.5 million.
Volume Business benefits from strong growth in France
In the first nine months of 2015, Volume Business turnover amounted to EUR
30.5 million compared to EUR 28.0 million in the previous year. The
positive development experienced during this reporting period is based on
the good development of Leifheit AG's French subsidiaries, Birambeau and
Herby, in the Kitchen and Laundry Care product categories. A positive
one-time effect had a significant impact on turnover during the third
quarter due to pipeling filling activities with Birambeau kitchen goods at
a new commercial client. Project Business in the USA, however, continued to
decline during the same reporting period.
At the end of the third quarter, Volume Business' share of Group turnover
amounted to 17.6%. The segment EBIT reached EUR 3.4 million, 18.1% over the
previous year's figure of EUR 2.9 million.
Outlook for 2015: forecast specified
After positive business development in the first three quarters of the
year, Leifheit expects Group turnover to increase by approximately 4% in
2015. Brand Business will be strengthened through the expansion of
Leifheit's product portfolio, which will focus on developing comprehensive
product systems to form the basis for accelerated organic growth. Turnover
in this area during 2015 should increase by approximately 5%. The group
aims to stabilise Volume Business in line with its long-term strategy for
growth, "Leifheit 2020", and is therefore acting on the assumption that
development will be stable during the current business year.
Against a backdrop of continuing positive business development and assuming
that economic conditions in the Group's target markets remain stable, the
Leifheit Group has specified its earnings forecast for 2015 and expects an
EBIT about EUR 20 million.
Further information can be found in the Leifheit quarterly financial report
for the period ending 30 September 2015, which is available online at
http://financial-reports.leifheit-group.com.
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 pioneering design in the sectors
of cleaning, laundry care, kitchen goods and wellbeing. Leifheit and
Soehnle are among the best-known brands in Germany. Other than in the Brand
Business, Leifheit AG operates in the service-oriented Volume Business via
its French subsidiaries Birambeau and Herby. The Leifheit Group including
its international branches employs a staff of about 1,000 employees. More
information on Leifheit is available online at www.leifheit-group.com,
www.leifheit.com, www.soehnle.com.
Contact:
Leifheit AG
D-56377 Nassau
[email protected]
+49 2604 977218
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Language: English
Company: Leifheit Aktiengesellschaft
Leifheitstraße
56377 Nassau / Lahn
Germany
Phone: 02604 977-0
Fax: 02604 977-340
E-mail: [email protected]
Internet: www.leifheit.com
ISIN: DE0006464506
WKN: 646450
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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