Leifheit Boosts Profitability in Start of 2024 Financial Year

• Leifheit AG started the financial year 2024 with higher profitability, with a group turnover of EUR 65.9 million in Q1, a decline of 6.2% due to expected base effects in the discounter channel.
• The company's profitability improved significantly with a gross margin rise to 44.7% (+4.2 percentage points), mainly due to positive product mix effects and productivity and efficiency improvements.
• Group EBIT increased to EUR 3.4 million (EUR +1.1 million) and a positive free cash flow of EUR 1.0 million was reported in Q1 2024 (previous year: EUR -3.4 million).
• Leifheit confirmed its forecast for 2024, expecting slight growth in Group turnover and Group EBIT expected to be between EUR 10 million and EUR 12 million.
• The company plans to launch further products from the successful Black Line in the laundry care core category and introduce an innovation in the cleaning category from July 2024.
• A share buy-back program with a total volume of up to EUR 8.5 million was resolved and a new business strategy focusing on core competences and sustainable, profitable long-term growth will be implemented from June 2024.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Leifheit is on 08.05.2024.

The price of Leifheit at the time of the news was 16,800EUR and did not change compared to the previous day.
15 minutes after the article was published, the price was 16,925EUR this corresponds to a plus of +0,74 % since publication.

Leifheit

0,00 %

+6,55 %

+15,48 %

+32,35 %

+7,83 %

-62,51 %

-17,02 %

-14,90 %

+207,88 %

ISIN:DE0006464506WKN:646450

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max