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Einhell Germany AG: Power X-Change increases sales to a record turnover

DGAP-News: Einhell Germany AG / Key word(s): Quarter Results/Quarter Results Einhell Germany AG: Power X-Change increases sales to a record turnover 23.05.2017 / 11:29 The issuer is solely responsible for the content of this announcement. Information of the Einhell Group

 

Power X-Change increases sales to a record turnover in the first quarter of 2017

 

Record turnover

Innovative products for do-it-yourself have significantly increased sales in the worldwide operating Einhell Group. Especially the cordless battery-driven devices of the Power X-Change range have been accepted very well from our customers.

In the first quarter of the year 2017 Einhell generated revenues of EUR 137.2 million (previous year EUR 120.1 million). Compared to the previous year, revenues increased around 14.2%.

Significant increase in earnings

The Einhell Group generated profit before taxes of EUR 9.4 million (previous year: EUR 5.3 million) from January to March 2017. The pre-tax margin amounts to 6.9% (previous year: 4.4%).

Purchase price allocation (PPA) effects squeezed earnings by EUR 0.5 million. Adjusted for PPA effects, profit before taxes amounts to EUR 9.9 million and the pre-tax margin is 7.2%

The earnings situation thus improved significantly compared to the previous year.

The net income after minority's interest amount to EUR 6.4 million (previous year: EUR 3.6 million) in the period under review. The profit per share amount to EUR 1.7 (previous year EUR 1.0).

Landau/Isar, 23 May 2017

The Board of Directors

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23.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Einhell Germany AG
	Wiesenweg 22
	94405 Landau/Isar
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.einhell.com
ISIN:	DE0005654933, DE0005654909
WKN:	565493, 565490
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

576451  23.05.2017