Einhell Germany AG: Preliminary financial figures for the first quarter 2017 an forecast to 31 Dec. 2017
"Ad hoc announcement according to Article 17 MAR"
Preliminary financial figures for the first quarter 2017 and forecast to 31 Dec. 2017
Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime Standard of Deutsche Börse AG announces the following preliminary figures:
The Einhell Group generated in the first quarter 2017 revenues of about EUR 137 million in comparison with the previous year of EUR 120.1 million. This is an increase of about 14%.
Earnings before tax will be around EUR 9.4 million (previous year EUR 5.3 million). The pre-tax yield is 6.9% (previous year 4.4%). Without considering effects out of the Purchase Price Allocation (PPA) earnings before tax will be around EUR 9.9 million (previous year EUR 5.7 million).
From today's point of view, the Group will surpass the initial sales target of EUR 500 million of about 2 - 3% under the assumption of a further favorable business record.
The forecast for the pre-tax yield is raised to 4 - 4.5%. The forecast for the pre-tax yield and before PPA is raised to 4.5 - 5.0%.
Landau/Isar, 04 May 2017
The Board of Directors
04-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: email@example.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 Announcement DGAP News Service
570295 04-May-2017 CET/CEST