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Leifheit Aktiengesellschaft (0F2Z.L)

LSE - LSE Delayed price. Currency in EUR
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43.20-0.75 (-1.71%)
At close: 4:38PM GMT
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Previous close43.96
Open43.60
Bid0.00 x 0
Ask0.00 x 0
Day's range43.20 - 43.60
52-week range43.20 - 43.60
Volume1,225
Avg. volumeN/A
Market cap430.658M
Beta (5Y monthly)0.94
PE ratio (TTM)34.07
EPS (TTM)1.27
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    Leifheit Aktiengesellschaft: Considerable turnover and earnings growth in 2020

    DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Development of Sales/Preliminary Results19.02.2021 / 08:20 The issuer is solely responsible for the content of this announcement.Leifheit AG: Considerable turnover and earnings growth in 2020 Group turnover up 16% to EUR 271,6 million in 2020 Turnover up 22.6% in Q4 2020 Domestic market of Germany sees turnover growth of 14.6% in 2020 Preliminary EBIT at the upper end of the most recent issued guidance TV advertising expansion to other European markets in 2021Nassau, 19 February 2021 - Leifheit AG (ISIN DE0006464506), one of the leading brand suppliers of household products in Europe, released preliminary figures for financial year 2020 today. On a preliminary basis, the Leifheit Group generated turnover of EUR 271.6 million in 2020, a significant year-on-year increase of 16.0%. The Group expects earnings before interest and taxes (EBIT) to be at the upper end of the EBIT guidance, recently adjusted upwards to between EUR 17 million and EUR 19 million. In 2019 EBIT totalled EUR 9.9 million.The Leifheit Group continued on its growth course in the fourth quarter of 2020 with an increase in turnover of 22.6% despite a challenging market environment that continues to be hampered by the COVID-19 pandemic. Henner Rinsche, Chairman of the Board of Management of Leifheit AG: "Overall, financial year 2020 developed very positively for us. We continued determinedly with our Scaling Up Success strategy and the figures quite clearly show that it's working. We invested heavily in consumer advertising and also worked at making the product range leaner and more profitable. Demand for our Leifheit and Soehnle brand products, which we advertised intensively on TV and in print, also increased in the fourth quarter. This has resulted in growth in turnover being slightly above the forecast issued in October. This performance is particularly remarkable in view of the fact that many of our key sales channels were closed during the Christmas season because of the second lockdown. The good turnover growth in the final quarter enabled us to increase our TV budgets again at the end of the year and to implement additional streamlining measures, thereby setting the course to increase consumer demand and improve the margin and cost situation in 2021."In the domestic market of Germany, the Leifheit Group was able to achieve considerable turnover growth of 14.6% to EUR 107.2 million (2019: EUR 93.5 million) following a recent decline, confirming the positive turnaround for the year as a whole. In all other target markets, the Leifheit Group was also able to record double-digit turnover growth. In Central Europe, turnover grew from EUR 101.3 million in the previous year to EUR 116.9 million, while it rose from EUR 30.7 million to EUR 33.9 million in Eastern Europe in the same period. In the markets outside Europe, the Leifheit Group was even able to increase turnover significantly by almost 60%, from EUR 8.5 million in financial year 2019 to EUR 13.6 million.Henner Rinsche views the current financial year 2021 with optimism: "In 2021, we will continue to invest specifically in TV advertising, expanding our activities to additional countries and to the Soehnle brand. Our TV campaigns put products such as the Profi XL cleaning system and the Regulus Aqua PowerVac battery-powered vacuum wiper in the consumer spotlight. Both products help consumers clean thoroughly and hygienically at home, scored 'very good' in tests and eliminate up to 99%* of viruses. Based on our successes to date, we are confident that increased consumer advertising will further boost demand for our products and also make the Leifheit and Soehnle brands even more attractive to retailers. In addition, independent test results regularly confirm the high quality of our products. All the products that are being advertised on TV now, or will be in the next few months, scored 'very good' in tests."In the Household segment, by far the largest Group segment with the Leifheit brand, turnover increased significantly from EUR 182.0 million in 2019 to EUR 213.1 million in 2020. In the significantly smaller Wellbeing segment with the Soehnle brand, turnover increased by as much as 34%, from EUR 19.8 million to EUR 26.5 million. In the Private Label segment with the French subsidiaries Birambeau and Herby, turnover remained stable at EUR 32.0 million (2019: EUR 32.2 million) over the course of the year, following a recent decline.Leifheit will publish the final figures for the financial year 2020 and the forecast for the current financial year with the full annual financial report on 24 March 2021. About LeifheitLeifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The Leifheit Group divides its operating business into the Household, Wellbeing and Private Label segments. Leifheit and Soehnle products - two of Germany's best-known household brands - are known for high quality and great utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods and wellbeing. The Leifheit Group employs some 1,100 people. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de and www.soehnle.de.* The Profi XL floor mop with micro duo wipe removes up to 99% of viruses and bacteria (tested on modified Vaccinia-Ankara-virus with 25ml Leifheit Power Cleaner to 5l water at water temperature 60˚C). The Regulus Aqua PowerVac vacuum wiper removes up to 99.99% of viruses (tested on modified Vaccinia-Ankara-virus with 5ml Leifheit Universal Cleaner to 500ml water at max. water temperature 60˚C).Contact:Leifheit AGD-56377 Nassauir@leifheit.com+49 2604 97721819.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Leifheit Aktiengesellschaft Leifheitstraße 1 56377 Nassau Germany 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: 1169611 End of News DGAP News Service

  • EQS Group

    Leifheit Aktiengesellschaft: Strong turnover and earnings growth; annual forecast raised

    DGAP-News: Leifheit Aktiengesellschaft / Key word(s): 9 Month figures/Quarterly / Interim Statement11.11.2020 / 08:28 The issuer is solely responsible for the content of this announcement.Leifheit AG: Strong turnover and earnings growth; annual forecast raised Group turnover in 9M 2020 sees double-digit increase to EUR 201.9 million Domestic market of Germany sees turnover growth of 8.2% Group EBIT more than doubled year on year to EUR 15.4 million Advertising campaigns in Q3 increase consumer demand for bestsellers Board of Management raises turnover and earnings forecast for 2020 as a wholeNassau, Germany, 11 November 2020 - Leifheit AG, a leading European brand supplier of household items, continued its growth trajectory in the third quarter of 2020 and recorded a significant rise in turnover and earnings in the first nine months of financial year 2020. The Leifheit Group generated earnings before interest and taxes (EBIT) of EUR 15.4 million in the first nine months of 2020. This is more than twice the previous-year figure of EUR 7.1 million. The positive earnings growth was primarily due to the systematic implementation of the Scaling Up Success growth strategy. Group turnover increased year on year by 13.9% to EUR 201.9 million. At the same time, the Leifheit Group improved the gross margin by 1.9 percentage points to 44.7%, which, combined with strict cost management, led to the disproportionately high growth in earnings. Less taxes, this equalled a net result for the period in the first nine months of 2020 of EUR 10.6 million (previous year: EUR 4.2 million) and earnings per share of EUR 1.11 (previous year: EUR 0.45).Henner Rinsche, Chairman of the Board of Management of Leifheit AG, says: "Thanks to our growth strategy, we were able to continue the positive business development in the third quarter. Particularly in Germany we have heavily invested in TV and printed advertising again. We therefore succeeded in reversing the trend in the German market, where we recorded a growth of 8.2% in the first nine months of the year. Overall, the products advertised on TV made an above-average contribution to turnover in Germany and other European markets."In its domestic market of Germany, the Leifheit Group generated turnover of EUR 81.5 million in the first nine months of the year (previous year: EUR 75.3 million). The large-scale TV campaign for the Leifheit brand made an important contribution to the significant growth in turnover in Germany in the third quarter. At the same time, in view of the significant growth in turnover in Central Europe, Eastern Europe and markets outside Europe, foreign turnover increased by EUR 18.5 million to EUR 120.4 million (previous year: EUR 101.9 million).In Central Europe, the Leifheit Group recorded strong turnover growth of 17.3%, reaching a total of EUR 86.4 million in the first nine months of financial year 2020 (previous year: EUR 73.7 million). The Group was able to post significant gains in the Benelux countries, Switzerland and Austria in particular, thanks to the increased marketing activities in these regions. At EUR 24.8 million, turnover in Eastern Europe in the first three quarters of 2020 was also up 13.1% compared with the previous-year figure of EUR 21.9 million. Growth was particularly strong in the markets of Romania and Poland, where the Group posted gains of 45.8% and 23.0% respectively. Outside Europe, the Group also recorded a positive business trend, where turnover increased to EUR 9.2 million (previous year: EUR 6.3 million). Growth was particularly driven by the markets in the Far East and the US, where the Group succeeded in significantly increasing turnover in the first nine months of 2020.In the Household segment, which markets Leifheit-brand products and generates the strongest turnover, the Leifheit Group recorded significant turnover growth of 14.5% to reach EUR 161.3 million in the first nine months of 2020 (previous year: EUR 140.9 million). The strong growth in the Household segment was particularly driven by the categories cleaning, with an increase of 20.1%, and kitchen with a growth of 30.4%. Leifheit benefited from TV advertising for cleaning products and a change in consumer behaviour due to the coronavirus. The category with the highest turnover, laundry care, also recorded positive development in the reporting period with a growth of 6.4%.In the significantly smaller Wellbeing segment, which features the Soehnle brand, the Group generated significant turnover growth of 32.6% to EUR 18.5 million (previous year: EUR 14.0 million). In this segment, the Leifheit Group therefore achieved the strongest growth in the reporting period. The significant growth of Soehnle scales contributed significantly to the positive turnover development of the segment. Due to the consumers' greater need for hygiene, Soehnle air purifiers were also very well received by consumers, just as in the previous quarter.The Private Label segment, which primarily distributes private-label brands through the French subsidiaries Birambeau and Herby, posted slight declines in the period under review. Turnover of EUR 22.1 million was 1.0% down on the previous year's figure of EUR 22.3 million. In France, due to coronavirus-related restrictions, major sales channels were temporarily closed and trade was particularly negatively impacted.In the course of preparing the nine-month financial statements, the Board of Management raised its forecast for financial year 2020 and now expects Group turnover to grow by between 11% and 13% and forecasts Group EBIT of EUR 17-19 million for financial year 2020. Overall, the forecast is based on the assumption that there will be no further significant restrictions caused by the COVID-19 pandemic in the markets and sales channels relevant to the Leifheit Group.Further information can be found in the quarterly statement for the period ending 30 September 2020, available at http://financial-reports.leifheit-group.com.About LeifheitLeifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The Leifheit Group divides its operating business into the Household, Wellbeing and Private Label segments. Leifheit and Soehnle products - two of Germany's best-known household brands - are known for high quality and great utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods and wellbeing. The Leifheit Group employs some 1,100 people. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de and www.soehnle.de.Contact:Leifheit AGD-56377 Nassauir@leifheit.com+49 2604 97721811.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Leifheit Aktiengesellschaft Leifheitstraße 1 56377 Nassau Germany 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: 1147152   End of News DGAP News Service

  • EQS Group

    Leifheit Aktiengesellschaft: Strong rise in earnings in the third quarter, raised forecast for full year 2020

    Leifheit Aktiengesellschaft / Key word(s): Quarter Results/Change in ForecastLeifheit Aktiengesellschaft: Strong rise in earnings in the third quarter, raised forecast for full year 202021-Oct-2020 / 15:46 CET/CESTDisclosure 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 AG: Strong rise in earnings in the third quarter, raised forecast for full year 2020 Nassau, 21 October 2020 - Leifheit AG (ISIN DE0006464506) has achieved significant growth of earnings in the third quarter 2020. According to preliminary calculations earnings before interest and taxes (EBIT) of the Leifheit Group stood at EUR 6.5 million in the third quarter, tripling EBIT compared to the previous year's figure of EUR 2.1 million. The positive development of the quarterly result is mainly based on a strong EBIT and turnover growth in September 2020 compared to the same period last year, particularly driven by TV advertising.In the first nine months of the 2020 financial year Group EBIT reached EUR 15.4 million (previous year: EUR 7.1 million), an increase of 115.4 %. As at 30 September 2020 Group turnover increased by 13.9 % to EUR 201.9 million (previous year: EUR 177.2 million). At the same time, the improvement in gross margin from 42.8 % to 44.7 % and a strict cost management contributed particularly to the EBIT growth.Forecast 2020The Board of Management has raised its forecast for the financial year 2020 and now assumes a growth of Group turnover between 11 % and 13 % and Group EBIT of between EUR 17 million and EUR 19 million for the financial year 2020. Previously the Management Board assumed a turnover growth of 7 % to 9 % and EBIT of EUR 12 million to EUR 15 million in the financial year 2020.The forecast is based on the assumption that there will be no further significant restrictions due to the COVID-19 pandemic in the markets and sales channels relevant to Leifheit.Information on the development in the third quarter and in the nine months of the financial year 2020 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 for the period ending 30 September 2020 on 11 November 2020.Contact:Leifheit AGPetra DombrowskyExecutive Assistant/CIROD-56377 Nassauir@leifheit.com+49 2604 97721821-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Leifheit Aktiengesellschaft Leifheitstraße 1 56377 Nassau Germany 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: 1142276   End of Announcement DGAP News Service