DGAP-News
Leifheit Aktiengesellschaft: Leifheit sees positive development in second quarter
DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Half Year Results/Development of Sales Leifheit sees positive development in second quarter |
- Group turnover in the first half-year on par with the previous year thanks to growth in Germany
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- Investments in strengthening the brands and Brand Business
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- EBIT down year on year due to non-recurring expenses
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- Capital increase successfully completed
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- Forecast for full year 2017 confirmed
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Nassau, 10 August 2017 - In the first half of 2017, the Leifheit Group made up the shortfall in turnover that resulted in the first quarter of this year, generating turnover of EUR 120.9 million. As a result, turnover was virtually on par with the figure from the previous year of EUR 121.1 million. Turnover in the strategically important Brand Business saw development that was comparable to the first half of 2016. Leifheit generated further growth in particular in its domestic market, Germany, with the Leifheit-branded cleaning and laundry care products, as well as in the e-commerce sales channel. Growth continued in Eastern Europe as well with an increase in turnover of 4.3% to EUR 12.8 million.
"We succeeded in largely making up the slight decline in sales from the first quarter by mid-year. The favourable development in Germany, achieved through growth in Brand Business as well as through successful special offers in Volume Business, made a significant contribution to this recovery," said Thomas Radke, Chairman of the Board of Management of Leifheit AG. "At the same time, we made investments in the second quarter to further strengthen our strategically important Brand Business for the future," he added.