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Leifheit Aktiengesellschaft: Leifheit continues sustained upward trend in 2016

DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Final Results/Forecast Leifheit Aktiengesellschaft: Leifheit continues sustained upward trend in 2016 29.03.2017 / 09:14 The issuer is solely responsible for the content of this announcement. P R E S S R E L E A S E

Leifheit continues sustained upward trend in 2016

- Turnover in Brand Business up by more than 4%

- EBIT rises to EUR 22.1 million

- Dividend increase to EUR 2.10 per share and special dividend of EUR 0.80 proposed

- Outlook for 2017: sustained turnover growth expected

Nassau, 29 March 2017 - The Leifheit Group continued its sustained upward trend and finished financial year 2016 with an increase in turnover and earnings (EBIT). Group turnover rose by 2.3% to EUR 237.1 million following EUR 231.8 million in the previous year. EBIT stood at EUR 22.1 million, compared to EUR 21.7 million in financial year 2015.

"Our 'Leifheit 2020' strategy already started bearing fruit in financial year 2015. Our upward trend continued in 2016. The consistent implementation of our strategy and the constant expansion of our product portfolio are having a sustained impact," says Thomas Radke, Chairman of the Board of Management of Leifheit AG.

Dynamic development continues in Brand Business

Turnover in Brand Business, which manages the Leifheit and Soehnle brands, reached EUR 195.8 million as at the end of the financial year, an increase of 4.1%. The continued positive development in Brand Business was attributable to strong demand for Leifheit-brand products, primarily in the category cleaning. As in the previous year, the double-digit growth in the e-commerce sales channel was a decisive factor in the development in Brand Business.