|
DGAP-Ad-hoc: Leifheit Aktiengesellschaft / Key word(s): Quarter Results/Change in Forecast Leifheit Aktiengesellschaft: Distortions of the global supply chain affects EBIT in the third quarter, earnings (EBIT) forecast adjusted to EUR 15 to 20 million Nassau, 13 October 2021 - According to today's preliminary calculations Leifheit AG (ISIN DE0006464506) expects Group earnings before interest and taxes (EBIT) in the third quarter of the financial year 2021 of EUR 3.0 million (Q3 2020: EUR 6.6 million). After the first nine months of business year 2021 EBIT reached EUR 16.6 million, an increase of about 8 % compared to the previous year's figure of EUR 15.4 million. Based on preliminary figures, the Leifheit Group reached a turnover of EUR 69.7 million in the third quarter 2021 (Q3 2020: EUR 71.6 million). In the first nine months of business year 2021 the Group achieved a turnover growth of 11.9 % to EUR 226 million (Q1-Q3 2020: EUR 201,9 million). Further increases in raw material prices in the last few weeks as well as the low availability of cargo space and the associated cost increases and delivery bottlenecks affected the business development in the third quarter. The distortions in global supply chains will remain a challenge for the coming months. At the same time, necessary sales price increases can only be passed on to the market with a time lag and thus only have a partial effect in the current financial year. Based on the preliminary figures for the third quarter the Management Board has reassessed the expectations for the Business year 2021. The Board of Management now assumes Group earnings before interest and taxes (EBIT) of between EUR 15 million and EUR 20 million. So far, an EBIT of EUR 20 million to EUR 24 million was expected. The turnover forecast remains unchanged, an increase of Group turnover of at least 5 % year-on-year is expected. Information on the development in the third quarter is based on preliminary calculations. The final financial figures will be published in the quarterly statement on 11 November 2021. Contact: Leifheit AG Petra Dombrowsky Executive Assistant/CIRO D-56377 Nassau ir@leifheit.com +49 2604 977218
13-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Leifheit Aktiengesellschaft |
| Leifheitstraße 1 | |
| 56377 Nassau | |
| Germany | |
| Phone: | 02604 977-0 |
| Fax: | 02604 977-340 |
| E-mail: | ir@leifheit.com |
| Internet: | www.leifheit-group.com |
| ISIN: | DE0006464506 |
| WKN: | 646450 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1240491 |
| End of Announcement | DGAP News Service |
|
|
1240491 13-Oct-2021 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
