DGAP-News

Leifheit Aktiengesellschaft: Leifheit remains on course

DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results Leifheit Aktiengesellschaft: Leifheit remains on course 11.05.2017 / 08:44 The issuer is solely responsible for the content of this announcement. Leifheit remains on course

- Forecast for turnover growth and earnings confirmed

- Group turnover down slightly in the first quarter in line with expectations

- Brand Business fell short of the strong prior year quarter

- Volume Business grows by 3%

Nassau, 11 May 2017 - The Leifheit Group started off the new financial year 2017 in line with expectations with a slight decrease in turnover in the first quarter. In particular, the high basis of comparison in Brand Business from 2016 explains the decline in Group turnover to EUR 62.5 million, compared to EUR 64.7 million in the first quarter of the previous year. Earnings before interest and taxes (EBIT) decreased accordingly to EUR 5.1 million (previous year: EUR 6.5 million). Leifheit continues to expect Group turnover growth of 3.5 to 4.5 % for the year as a whole. The earnings forecast remains the same as well. The Group anticipates that EBIT will be on par with 2016, taking into consideration significant one-off effects.

Dynamic business development in Eastern Europe continues

The Leifheit Group continued to make gains in Germany, the target region of Eastern Europe and with the e-commerce sales channel. As a result, Group turnover in Germany increased in the first quarter by 3.5% to EUR 28.9 million, accounting for a share in Group turnover of 46.2% (43.1%). Turnover of EUR 33.6 million (EUR 38.8 million) was generated in foreign markets, accounting for a share in Group turnover of 53.8% (56.9%). Business continued to expand significantly in Eastern Europe in particular, where Group turnover rose by 15.7% to EUR 6.9 million. Despite the high basis of comparison, e-commerce turnover increased by 1.6% to EUR 7.4 million.