DGAP-Adhoc: Einhell Germany AG: Preliminary financial figures of 2020 / forecast of financial year 2021

DGAP-Ad-hoc: Einhell Germany AG / Key word(s): Preliminary Results/Forecast
Einhell Germany AG: Preliminary financial figures of 2020 / forecast of financial year 2021
13-Jan-2021 / 10:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Preliminary financial figures of 2020 / forecast of financial year 2021

Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime Standard of Deutsche Börse AG announces the
following:
For the third time in a row, the Einhell Group achieved a record turnover in the past financial year. For the financial
year 2020, the Einhell Group generated revenues of EUR 720 - 725 million in comparison with the previous year of EUR 605.7
million.
The earnings before tax are not yet available.
For the financial year 2021, the Einhell Group plans revenues in the range of the prior year revenues or rather
slightly increased revenues of 2% - 3% on the previous year's figure. The forecasted pretax yield amounts to about
7.0%.
The forecast includes greater uncertainties caused due to the corona pandemic. It is very difficult to predict whether
and in what manner actual and future lockdowns will affect sales channels in the individual regions.
Moreover there can be also impacts on the procurement of goods. The production and freight capacities are tensed, which
can lead to delays in delivery at our Chinese suppliers. Also unfavorable development of raw material prices and
increasing sea fright costs can affect the result.
However, the Einhell Group is very confident and optimistic to face the economic challenges. In particular, the Board
of Directors expects to be able to solve some challenges more efficiently than the competition and to continue
expanding its market shares. This is essential to ensure economic stability and provide secure employment.
Landau/Isar, 13 January 2021
The Board of Directors
13-Jan-2021 CET/CEST 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: +49 (0)9951-942-166
Fax: +49 (0)9951-942-293
E-mail: helmut.angermeier@einhell.com
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: 1160289

End of Announcement DGAP News Service

1160289 13-Jan-2021 CET/CEST

END) Dow Jones Newswires

January 13, 2021 04:37 ET ( 09:37 GMT)