EQS-News

Leifheit kicks off financial year 2024 with higher profitability

EQS-News: Leifheit Aktiengesellschaft / Key word(s): Quarterly / Interim Statement Leifheit kicks off financial year 2024 with higher profitability 08.05.2024 / 07:52 CET/CEST The issuer is solely responsible for the content of this announcement. Leifheit kicks off financial year 2024 with higher profitability

• Group turnover in line with expectations at EUR 65.9 million in the first quarter of 2024, decline of 6.2% due to expected, last-time base effects in the discounter channel
• Profitability continues to improve significantly: Gross margin rises to 44.7% (+4.2 percentage points), especially due to positive product mix effects and productivity and efficiency improvements
• Group EBIT increases to EUR 3.4 million (EUR +1.1 million)
• Positive free cash flow of EUR 1.0 million in the first quarter of 2024 (previous year: EUR -3.4 million)
• Forecast for 2024 confirmed: Slight growth in Group turnover, Group EBIT expected to be between EUR 10 million and EUR 12 million
• Launch of further products from the successful Black Line in the laundry care core category
• Introduction of an innovation in the cleaning category from July 2024
• Share buy-back program with a total volume of up to m€ 8.5 resolved
• Implementation of a new, holistic business strategy with a focus on core competences and sustainable, profitable long-term growth from June 2024

Nassau/Germany, 8 May 2024 – Leifheit AG (ISIN DE0006464506), one of the leading brand suppliers of household products in Europe, made a solid start to financial year 2024 despite ongoing challenges in the market environment and continued to significantly improve its profitability. In the first three months of financial year 2024, the Leifheit Group generated turnover of EUR 65.9 million, after EUR 70.3 million in the first quarter of the previous year. The 6.2% decline in turnover was in line with the expectations and is primarily due to a base effect in the same period of the previous year, in which promotions at discounters made a significant contribution to turnover. The expansion of distribution in key European core markets and growth in the e-commerce channel partially compensated for this effect.