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Leifheit Aktiengesellschaft: Consistent implementation of 'Leifheit 2020' group strategy shows first results

DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Development of Sales
Leifheit Aktiengesellschaft: Consistent implementation of 'Leifheit 2020'
group strategy shows first results

11.02.2016 / 09:30
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PRESS RELEASE

Consistent implementation of "Leifheit 2020" group strategy shows first
results

- Preliminary figures for 2015 show 5% growth in group turnover

- Turnover forecast of 4% exceeded

- Earnings forecast with EBIT of more than EUR 20 million confirmed

Nassau, 11 February 2016 - Leifheit AG achieved group turnover of EUR 231.8
million in the business year 2015. This represents an increase of 5.0%
compared to the previous year (EUR 220.7 million) and exceeds the company's
growth target of 4%. Early effects of the "Leifheit 2020" group strategy,
introduced early in 2015, and the expansion of the company's customer base
in France contributed significantly to the latest results. This is made
clear by the preliminary figures published today.

Europe continues to be a growth driver in the two segments Brand and Volume
Business. The Group recorded turnover growth of 3.9% in Germany and 7.7% in
Central Europe. Continuing the trend of previous year, the markets in
Russia and Ukraine recorded a downturn. However, this macroeconomic-driven
development was offset by significant growth in the Czech Republic and
Poland. In total, turnover in the Eastern Europe region was 0.8% higher
than the previous year. Outside Europe, the Leifheit Group recorded a
slight decrease in turnover of 0.9%.

The strategically important Brand Business achieved significant growth in
2015, with turnover reaching EUR 188.1 million by the end of the business
year. This represents an increase of 4.3% over the previous year's figure
of EUR 180.4 million. The continued growth of Brand Business turnover is
principally due to increasing demand for Leifheit products, primarily in
the cleaning category. E-commerce has also aided growth in this segment,
which once again reached double figures.

Also the much smaller Volume Business achieved growth of 8.6% compared to
the previous business year, recording turnover of EUR 43.7 million in 2015.
The segment benefited from strong growth of the Birambeau and Herby
subsidiaries in France in the product categories kitchen and laundry care.
Turnover was also positively impacted by a one-off effect caused by the
initial supply of a new customer with Birambeau kitchen products.

"We are consistently working on the implementation of our new strategy,