DGAP-News

Leifheit Aktiengesellschaft: Leifheit remains on track for growth - Seite 2

interest and taxes (EBIT) of EUR 10.1 million in the first half of the
year, down from EUR 10.4 million in the same period last year. In operating
terms, earnings actually improved considerably. Adjusted for the foreign
currency result, EBIT rose from EUR 8.5 million to EUR 11.1 million. The
adjusted EBIT margin rose to 9.2%.

After taxes, the Leifheit Group generated a net result for the period of
EUR 6.6 million, down from EUR 6.8 million in the same period last year.

Brand Business grows in all product categories

The Leifheit Group reported a 7.5% increase in turnover to EUR 103.1
million in its strategically important Brand Business segment, which
includes the Leifheit and Soehnle brands. This growth was generated across
the board in all product categories. Once again, Leifheit cleaning products
were the source of the highest growth levels, generating a double-digit
increase in turnover. The floor cleaning and window vacuum cleaner range
played a major role in this respect, and enjoyed particular success in
international markets. Healthy growth was also achieved with Leifheit
laundry care and kitchen products. Turnover with Soehnle products,
particularly Soehnle kitchen and bathroom scales, rose year-on-year.
Turnover in the e-commerce sales channel also developed extremely well,
rising by 30.6% year-on-year. Brand Business' total share in Group turnover
remained practically unchanged at 85.1%. The segment's EBIT came to EUR 8.8
million in the first half of the year, down from EUR 9.1 million in the
previous year. Adjusted for the foreign currency result, EBIT increased by
EUR 1.3 million to EUR 9.6 million.

Volume Business grows through expanded customer base

In the Volume Business segment, which encompasses subsidiaries Herby,
Birambeau and project business, Leifheit's turnover rose by 4.4% to EUR
18.0 million compared to the same period in the previous year. Turnover
involving Birambeau kitchen products in France rose by a double-digit
margin in the reporting period. As in previous quarters, Birambeau
benefited from the new customer it has been supplying since the third
quarter of 2015. In addition, project business in the United States was
significantly expanded. This segment's share in Group turnover was
practically unchanged at 14.9%, with segment EBIT coming to EUR 1.3 million
as in the previous year. Adjusted for the foreign currency result, EBIT
increased by EUR 1.3 million to EUR 1.5 million.

Forecast confirmed for operating result, expectations adjusted for foreign
currency result

Leifheit AG continues to expect Group turnover growth of between 3 and 4%
in financial year 2016. In the Brand Business segment, which is at the