DGAP-News: Einhell Germany AG: Einhell-Group generated record turnover in 2018

Information of the Einhell Group

Einhell-Group generated record turnover in 2018

Record turnover

In financial year 2018 Einhell generated revenues of EUR 577.9 million (previous year EUR 553.4 million). Compared to the previous year, revenues increased significantly again.

The main reason for this is a significant increase in revenues in Europe and Other countries.

In the D/A/CH region (Germany, Austria, and Switzerland), revenue increased to EUR 229.1 million (previous year: EUR 220.0 million).

Revenues in Eastern Europe and Western Europe increased to EUR 184.1 million (previous year: EUR 171.3 million). France, Italy and UK are among the significant sales markets.

Revenues in the Overseas region amount to EUR 126.5 million (previous year: EUR 135.4 million) in the period under review.

In the Other countries revenues increased significantly by EUR 11.5 million to EUR 38.2 million (previous year EUR 26.7 million).

Higher revenue were achieved mainly through a consistent product range policy and strong, innovative products like the power exchange range. E-commerce also saw rising revenues in financial year 2018.

Significant increase in earnings

The Einhell Group generated profit before taxes of EUR 36.2 million (previous year: EUR 35.7 million) in financial year 2018. The pre-tax margin amounts to 6.3% (previous year: 6.5%).

The net income after minority's interest amount to EUR 26.0 million (previous year: EUR 21.2 million) in the business year 2018. The profit per share amount to EUR 6.9 (previous year EUR 5.6).

Investments amounted to EUR 8.4 million in financial year 2018. Construction work began in financial year 2018 on a new showroom with demonstration workshops and training rooms at the Landau / Isar site. The new showroom is expected to be operational in mid-2019.

Increased dividend distribution

Einhell follows its profit-oriented dividend policy. The board of directors and the supervisory board will propose at the general meeting on 28 June 2019, a dividend for the listed preferred shares of EUR 1.40 per share and for common shares EUR 1.34 per share.

Annual financial report

The annual financial report for business year 2018 is available at our homepage under the following link:

https://www.einhell.com/en/investor-relations/reports/business-reports.html

Landau/Isar, 25 April 2019

The Board of Directors