DGAP-News

Leifheit Aktiengesellschaft: Leifheit continues on path to growth

DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Quarterly / Interim
Statement/Quarter Results
Leifheit Aktiengesellschaft: Leifheit continues on path to growth

12.05.2016 / 09:12
The issuer is solely responsible for the content of this announcement.

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Leifheit continues on path to growth

- Double-digit increase in Group turnover
- Foreign business accelerated
- Brand Business sees significant growth
- EBIT reaches EUR 6.5 million
- Forecast for year as a whole confirmed

Nassau, 12 May 2016 - Leifheit Group generated turnover of EUR 64.7 million
in the first quarter of the 2016 financial year. This represents an
increase of 11.5% over the previous year's figure of EUR 58.1 million. Both
segments - Brand Business and Volume Business contributed to the strong
growth, with each segment recording a double-digit increase in turnover.
The proportion of overall Group turnover represented by both remaining
virtually unchanged. In contrast, the share of foreign turnover increased
by 4.6 percentage points to 56.9%.

According to Thomas Radke, CEO of Leifheit AG, "The first three months of
the financial year have seen our continued progress along our existing path
to growth. We are delighted at the positive performance of our foreign
operations, which can be attributed to the expansion of the geographic
scope of our business in Central and Eastern Europe. We view this
development as an affirmation of the key role which the consistent
implementation of our 'Leifheit 2020' strategy will continue to play in our
sustained growth."

Group EBIT influenced by foreign currency result

The Leifheit Group has also once more made significant strides in terms of
its operating results, largely as a result of contribution margins from
increased turnover in the amount of EUR 3.6 million. However, due to the
performance of the US dollar and the HK dollar as at the end of the
quarter, the Group recorded a negative foreign currency result in the
amount of EUR 1.4 million, after having benefited from a positive foreign
currency result in the amount of EUR 3.2 million in the equivalent quarter
of the previous year. Overall, the Leifheit Group recorded earnings before
interest and taxes (EBIT) in the amount of EUR 6.5 million in the first
quarter of the current year, as compared to EUR 7.5 million in the first
quarter of 2015. The EBIT adjusted for the foreign currency result rose
from EUR 4.3 million to EUR 7.9 million in the first quarter of 2016. The
EBIT margin amounted to 10.0%.

The net result for the period generated by the Leifheit Group amounted to