|
EQS-Ad-hoc: Leifheit Aktiengesellschaft / Key word(s): Forecast Leifheit Aktiengesellschaft: Outlook for 2024 Nassau/Germany, 21 February 2024 – Based on the preliminary business figures for 2023, the Board of Management of Leifheit AG (ISIN DE0006464506) decided the forecast for business year 2024 today. According to preliminary calculations the Leifheit Group has achieved the turnover and earnings forecast for financial year 2023 that was recently adjusted upwards. The Leifheit Group generated turnover of EUR 258.3 million (2022: EUR 251.5 million), and thus achieved a slight growth of 2.7%, as recently forecasted. According to the provisional figures in the 2023 consolidated financial statements, earnings before interest and taxes (EBIT) increased to EUR 6.0 million (2022: EUR 2.8 million) and is therefore in the mid-single-digit million-euro range, as recently forecasted. EBIT of EUR 6.0 million was achieved despite one-off expenses of EUR 2.7 million in connection with the changes in the Management Board. Preliminary free cash flow increased to EUR 12.1 million (2022: EUR 8.8 million) and was thus slightly above the recently forecasted upper single-digit million-euro range. Forecast for 2024 The Leifheit Group continues to face challenging conditions in the financial year 2024. Nevertheless, the Board of Management of Leifheit AG anticipates a slight growth in Group turnover versus previous year. In the first quarter of 2024 turnover is expected to decrease slightly compared to the same period of 2023. In the wake of the attacks by the Houthi rebels in the Red Sea, Leifheit has been facing a massive increase in sea freight costs since the beginning of 2024, which will have a negative impact on earnings, particularly in the first quarter, but also in 2024 as a whole. At the same time, the forecasted top-line growth and cost-cutting and efficiency measures will have a positive effect on earnings. Against this backdrop, the Board of Management predicts Group EBIT in the corridor of EUR 10 million to EUR 12 million. Contact: Leifheit AG Petra Dombrowsky Executive Assistant/CIRO D-56377 Nassau ir@leifheit.com +49 2604 977218 End of Inside Information
21-Feb-2024 CET/CEST The EQS 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: | 1842411 |
| End of Announcement | EQS News Service |
|
|
1842411 21-Feb-2024 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.
