DGAP-News

Einhell Germany AG: Einhell increased revenue of 14%: Best result in Einhell's company history - Seite 2

"For a few years, we focus on our Power X-Change platform. Sharply rising demand and recently published test result of Stiftung Warenest, where we won the battery test, shows that this is the right way to go. The Einhell battery delights with its stability, handling and security and prevailed over well-known competitors. We are very proud of this result and will further develop the battery technology consequently." Andreas Kroiss, CEO of Einhell Germany AG

 

To sustainably strengthening our business development, we will focus at relevant key product groups and will do high investments at various marketing channels. In the next year, a big print campaign next to a TV campaign with two spots in spring and autumn are planned.

The Board of Directors assumes that the current forecast will happened. However, the forecast requires that there will be no closures of retail outlets because of the coronavirus pandemic in the Einhell Group's most relevant markets. The Board of Directors' assumptions and forecasts based on the information currently available. The future business development depends on numerous factors, especially on the developments in the crisis regions and the trends on the currency markets.

About Einhell

Einhell is a leading manufacturer of state-of-the-art tools for home and garden. Due to a constant expansion of our innovative Power X-Change platform, we are already pioneers in the field of battery-operated tools and gardening tools. We set standards in terms of endurance, performance and safety of our products. We inspire our customers with an attractive price-performance ratio, first-class service and wireless freedom in all do-it-yourself projects.

---

16.11.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---

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
EQS News ID:	1148518