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PRESS RELEASE: Einhell Germany AG: Sales increase to a record turnover in the first quarter of 2018

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Dow Jones received a payment from EQS/DGAP to publish this press release.




DGAP-News: Einhell Germany AG / Key word(s): Quarter Results
Einhell Germany AG: Sales increase to a record turnover in the first quarter
of 2018

2018-05-17 / 09:48
The issuer is solely responsible for the content of this announcement.

*Information of the Einhell Group*

*Sales increase to a record turnover in the first quarter of 2018*

*Record turnover*

Innovative products for do-it-yourself have significantly increased sales in
the worldwide operating Einhell Group. Especially the cordless
battery-driven devices of the Power X-Change range are accept very well from
our customers.

In the first quarter of the year 2018 Einhell generated revenues of EUR
153.7 million (previous year EUR 137.2 million). Compared to the previous
year, revenues increased around 12.0%.

*Significant increase in earnings*

The Einhell Group generated profit before taxes of EUR 11.7 million
(previous year: EUR 9.4 million) from January to March 2018. The pre-tax
margin amounts to 7.6% (previous year: 6.9%).

Purchase price allocation (PPA) effects squeezed earnings by EUR 0.4
million. Adjusted for PPA effects, profit before taxes amounts to EUR 12.2
million and the pre-tax margin is 7.9%

The earnings situation thus improved further compared to the previous year.

The net income after minority's interest amount to EUR 8.1 million (previous
year: EUR 6.4 million) in the period under review. The profit per share
amount to EUR 2.1 (previous year EUR 1.7).

Landau/Isar, 17 May 2018

The Board of Directors

2018-05-17 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.

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

End of News DGAP News Service

687021 2018-05-17



(END) Dow Jones Newswires

May 17, 2018 03:48 ET ( 07:48 GMT)
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