DGAP-News

Leifheit Aktiengesellschaft: Strong turnover and earnings growth; annual forecast raised - Seite 2

In its domestic market of Germany, the Leifheit Group generated turnover of EUR 81.5 million in the first nine months of the year (previous year: EUR 75.3 million). The large-scale TV campaign for the Leifheit brand made an important contribution to the significant growth in turnover in Germany in the third quarter. At the same time, in view of the significant growth in turnover in Central Europe, Eastern Europe and markets outside Europe, foreign turnover increased by EUR 18.5 million to EUR 120.4 million (previous year: EUR 101.9 million).

In Central Europe, the Leifheit Group recorded strong turnover growth of 17.3%, reaching a total of EUR 86.4 million in the first nine months of financial year 2020 (previous year: EUR 73.7 million). The Group was able to post significant gains in the Benelux countries, Switzerland and Austria in particular, thanks to the increased marketing activities in these regions. At EUR 24.8 million, turnover in Eastern Europe in the first three quarters of 2020 was also up 13.1% compared with the previous-year figure of EUR 21.9 million. Growth was particularly strong in the markets of Romania and Poland, where the Group posted gains of 45.8% and 23.0% respectively. Outside Europe, the Group also recorded a positive business trend, where turnover increased to EUR 9.2 million (previous year: EUR 6.3 million). Growth was particularly driven by the markets in the Far East and the US, where the Group succeeded in significantly increasing turnover in the first nine months of 2020.

In the Household segment, which markets Leifheit-brand products and generates the strongest turnover, the Leifheit Group recorded significant turnover growth of 14.5% to reach EUR 161.3 million in the first nine months of 2020 (previous year: EUR 140.9 million). The strong growth in the Household segment was particularly driven by the categories cleaning, with an increase of 20.1%, and kitchen with a growth of 30.4%. Leifheit benefited from TV advertising for cleaning products and a change in consumer behaviour due to the coronavirus. The category with the highest turnover, laundry care, also recorded positive development in the reporting period with a growth of 6.4%.