DGAP-News

Leifheit Aktiengesellschaft: Leifheit continues on path to growth - Seite 2

EUR 4.3 million after taxes, as compared to EUR 5.0 million in the
equivalent period of the previous year.



Brand Business records significant increase in turnover

The turnover of the Leifheit Group's strategically important Brand Business
segment, which comprises the Leifheit and Soehnle brands, increased by
11.6% to EUR 55.2 million in the first quarter of 2016. This sustained
growth was attributable above all to the expansion of the business
activities in the Central Europe region, the Leifheit brand and the dynamic
development of the e-commerce sales channel, which realised an increase in
turnover of approximately 47%. Products marketed under the Leifheit brand
belonging to the cleaning category - in particular, the floor cleaning
product range and the Leifheit window vacuum cleaner - experienced double
digit growth in turnover. Considerable growth was also recorded in the
kitchen goods and laundry care product categories, while the performance of
the wellbeing category, comprising the Soehnle brand, was in line with that
of the equivalent quarter of the previous year, with a growing proportion
of kitchen scales. The share of Group turnover represented by Brand
Business remained virtually unchanged at 85.3%. The segment's EBIT amounted
to EUR 6.0 million in the first quarter, as compared to EUR 5.8 million in
the equivalent period of the previous year.

Volume Business records strong growth in France

As compared to the equivalent quarter of the previous year, Leifheit
succeeded in raising its turnover in the Volume Business segment, which
comprises the subsidiaries Herby and Birambeau and the project business, by
10.5% to EUR 9.5 million. The proportion of Group turnover represented by
this segment remained at 14.7%. The segment benefited from a new customer
for the kitchen products of Birambeau in France, which has been supplying
since the third quarter of 2015. Furthermore, the company was able to
expand its project business in the USA. The segment's EBIT amounted to EUR
0.5 million in the first quarter, as compared to EUR 1.7 million in the
equivalent period of the previous year.

Annual forecast for turnover and result remains unchanged

Leifheit AG continues to expect growth in Group turnover of between 3 and
4% for the 2016 financial year as a whole. The company anticipates that its
Brand Business, which is at the heart of its "Leifheit 2020" strategy, will
record an increase in turnover of between 4 and 5%, while the turnover of
its Volume Business looks sets to remain at the level of the previous year.