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Leifheit Aktiengesellschaft: Leifheit remains on course - Seite 3

2017 outlook unchanged

The Board of Management of Leifheit AG is focusing in the current financial year on the further systematic implementation of the "Leifheit 2020" Group strategy, particularly by expanding Brand Business and tapping into new markets. The company continues to expect a 3.5% to 4.5% increase in Group turnover for financial year 2017. Growth of 4% to 5% in turnover is expected for Brand Business - the strategic core business. In the smaller and more volatile segment, Volume Business, Leifheit anticipates that turnover will grow by 2% to 3%. The earnings forecast also remains the same. Investments in the reorganisation of sales structure in Brand Business are expected to result in one-off effects this year of between EUR 2.0 million and EUR 2.5 million. The company anticipates that EBIT will be on par with 2016, taking into consideration these non-recurring effects.

Additional information can be found in the quarterly statement for the period ending 31 March 2017, available at http://financial-reports.leifheit-group.com.

About Leifheit

Leifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The company stands for high quality, innovative products with great utility and functional design in the sectors of cleaning, laundry care, kitchen goods and wellbeing. Leifheit and Soehnle are among the best-known brands in Germany. In addition to the Brand Business, Leifheit AG operates in the service-oriented Volume Business via its French subsidiaries Birambeau and Herby. The Leifheit Group and its international branches combined have around 1,000 employees. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de, www.soehnle.de.

 

Contact information:

Leifheit AG

Petra Dombrowsky

Corporate Communications/Investor Relations

Leifheitstr.1, 56377 Nassau/Germany

Phone: [phone]

Email: [e-mail]

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11.05.2017 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.