DGAP-News

Leifheit Aktiengesellschaft: Leifheit remains on track for growth

DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Half Year Results
Leifheit Aktiengesellschaft: Leifheit remains on track for growth

11.08.2016 / 08:33
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Leifheit remains on track for growth

- Group turnover up by 7%
- Both segments successful
- Operating EBIT increased considerably
- Operating result forecast confirmed
- Expectations adjusted for foreign currency result

Nassau, 11 August 2016 - The Leifheit Group continued its growth course in
the first half of 2016, generating turnover of EUR 121.1 million. This
equates to a year-on-year rise of 7% from the previous year's figure of EUR
113.2 million. The Brand Business and Volume Business segments continued to
expand in the first six months of the year. Turnover from international
business increased substantially, climbing by 18.6% to EUR 70.1 million.
The share of turnover generated abroad stood at 57.9%. This trend was
influenced in the first half of the year by the relocation of a key mail
order company from Germany to Luxembourg.

"We were able to increase our turnover considerably once again in the first
half of the year and successfully pursue the growth course we have embarked
upon, especially abroad," said Thomas Radke, CEO of Leifheit AG. "Turnover
in our target region of Eastern Europe was particularly pleasing. This
positive development is a further testament to the importance of this
region in our efforts to achieve the goals laid out in the 'Leifheit 2020'
strategy. It is also an affirmation that we made the right decision to
establish a separate logistics centre for this growth region."

Significant improvement in consolidated operating Group EBIT

Growth at the Leifheit Group also continues to bear fruit in terms of
earnings. The contribution margins from the increased turnover and the
increase in the relative gross margin resulted in gross profit rising by
EUR 5.4 million to EUR 57.6 million. As in the first quarter of 2016,
consolidated Group EBIT was also influenced by the negative foreign
currency result in the second quarter. The development of the US dollar and
the HK dollar towards the end of the first half of the year led to a
negative foreign currency result of EUR 1.0 million. By contrast, the Group
benefited from a positive foreign currency result of EUR 1.9 million in the
same period last year. As a result, Leifheit generated earnings before