Leifheit Aktiengesellschaft: Strong rise in earnings in the first quarter of 2021



Leifheit Aktiengesellschaft / Key word(s): Preliminary Results
Leifheit Aktiengesellschaft: Strong rise in earnings in the first quarter of 2021

15-Apr-2021 / 15:13 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.

Leifheit Aktiengesellschaft: Strong rise in earnings in the first quarter of 2021

Nassau/Germany, 15 April 2021 - Leifheit AG (ISIN DE0006464506) has achieved significant earnings increase of 96 % in the first quarter 2021. According to preliminary calculations earnings before interest and taxes (EBIT) of the Leifheit Group stood at EUR 8.3 million in the first quarter and thus roughly doubled compared to the previous year's figure of EUR 4.3 million.

Group turnover raised by 25.5 % to EUR 86.2 million in the first three months of 2021 (Q1 2020: EUR 68.7 million). With increased consumer advertising, Leifheit Group was therefore able to build on the growth trend observed in the previous quarters.

The earnings development in the first quarter was above the original expectations. Nevertheless, COVID-19 remains a factor with consequences for the business development and the financial and earnings position of the Leifheit Group, that are difficult to access, especially due to pandemic-related challenges in the supply chain, production and logistics as well as to the ongoing restrictions and closing of important trade channels. The forecast for full-year 2021 published in March therefore remains unchanged. An increase of Group turnover of at least 5 % year-on-year and Group EBIT of between EUR 20 million and EUR 24 million is expected.

Information on the development in the first quarter is based on preliminary calculations. As a result, there may be deviations from this information in the financial figures that will be published in the quarterly statement on 11 May 2021.

Leifheit AG
Petra Dombrowsky
Executive Assistant/CIRO
D-56377 Nassau
+49 2604 977218

15-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Leifheit Aktiengesellschaft
Leifheitstraße 1
56377 Nassau
Phone: 02604 977-0
Fax: 02604 977-340
E-mail: ir@leifheit.com
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
EQS News ID: 1185340

End of Announcement DGAP News Service

1185340  15-Apr-2021 CET/CEST


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