Einhell Germany AG: Power X-Change increases sales to a record turnover
Information of the Einhell Group
Power X-Change increases sales to a record turnover in the first quarter of 2017
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 have been accepted very well from our customers.
In the first quarter of the year 2017 Einhell generated revenues of EUR 137.2 million (previous year EUR 120.1 million). Compared to the previous year, revenues increased around 14.2%.
Significant increase in earnings
The Einhell Group generated profit before taxes of EUR 9.4 million (previous year: EUR 5.3 million) from January to March 2017. The pre-tax margin amounts to 6.9% (previous year: 4.4%).
Purchase price allocation (PPA) effects squeezed earnings by EUR 0.5 million. Adjusted for PPA effects, profit before taxes amounts to EUR 9.9 million and the pre-tax margin is 7.2%
The earnings situation thus improved significantly compared to the previous year.
The net income after minority's interest amount to EUR 6.4 million (previous year: EUR 3.6 million) in the period under review. The profit per share amount to EUR 1.7 (previous year EUR 1.0).
Landau/Isar, 23 May 2017
The Board of Directors
23.05.2017 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.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 News DGAP News Service