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Einhell Germany AG: Increase in forecast

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Einhell Germany AG / Key word(s): Change in Forecast
Einhell Germany AG: Increase in forecast

09-Nov-2021 / 10:18 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.

 

Increase in forecast

 

Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime Standard of Deutsche Börse AG announces the following:

For the period January to October 2021, the Einhell Group generated revenues of around € 770 million in comparison with the previous year of € 600.1 million.

Despite high prices for sea freight and increased raw material prices, the business continued to develop well. The positive development causes the Board of Directors to increase the forecast. The BoD expects revenues of around € 880 million (previous: € 830 million to € 850 million) and a pre-tax yield of around 8.5 % (previous: 8.0 %) for financial year 2021, now. The further development of the corona pandemic continues to lead to uncertainties, which could have an unpredictable effect on the procurement markets and sales markets.

The quarterly report including figures as at September 30, 2021 will be published as scheduled on November 18, 2021.

Landau/Isar, November 9, 2021

The Board of Directors

09-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Einhell Germany AG

Wiesenweg 22

94405 Landau/Isar

Germany

Phone:

+49 (0)9951-942-166

E-mail:

helmut.angermeier@einhell.com

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, Tradegate Exchange

EQS News ID:

1247319


 

End of Announcement

DGAP News Service

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