Einhell Germany AG / Key word(s): Preliminary Results/Change in Forecast
"Ad hoc announcement according to Article 17 MAR"
Preliminary financial figures as at 30 June 2020 / adjustment to forecasts
Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime Standard of Deutsche Börse AG announces the following:
After preliminary financial figures as at 30 June 2020 are available, the Einhell Group generated revenues of about € 340 million (previous year: € 323.0 million) and earnings before tax of around € 23 million (previous year: € 20.3 million) in the first half of the year 2020.
After a very positive business development in the first six months, which exceeded expectations, the Einhell Group slightly increase its original forecast. For the financial year 2020, the Einhell Group will now expect revenues of € 620 - 630 million (so far € 610 million) and a pretax yield of 5.5% - 6.0% (so far 5.5%). However, this assumes that no second wave of Covid19 infections and the resulting lockdowns will occur in the markets that are relevant for Einhell.
Landau/Isar, 15 July 2020
The Board of Directors
|Company:||Einhell Germany AG|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1094031|
|End of Announcement||DGAP News Service|