DGAP-News: Einhell Germany AG: Einhell Group revenues remain at same level as last year
(firmenpresse) - Einhell Germany AG / Quarter Results
20.05.2010 13:39
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Information for business press
from
Einhell Germany AG,
Landau an der Isar
- Einhell Group revenues remain at same level as last year
- Positive earnings
- Outlook to the business year 2010
Landau an der Isar, 20 May 2010
Einhell Group revenues remain at same level as last year
After the crisis year 2009, which tipped Germany and the entire global
economy into the deepest recession in the post-war period, the effects are
still being felt by the Einhell Group. Nevertheless, we were still able to
report an excellent net profit margin. This shows that the Group can still
generate consistent and healthy earnings even under continuing difficult
general economic conditions.
In the first three months of the financial year 2010, the Einhell Group
earned revenues of EUR 90.7 million (previous year EUR 90.8 million).
Revenues in the domestic German market increased of around 7 % and amounted
to EUR 39.5 million. In the first quarter 2010, the share of domestic
revenues as part of total Group revenues is 43.5 %.
In the European Union and also in Asia revenues decreased. Other countries
were able slightly increase revenues over comparable periods in the
pervious year. Italy, Austria and Poland were the largest markets in the
European Union. For other countries Turkey and Switzerland were
top-selling.
The share of total Group revenues provided by foreign countries in the
first quarter 2010 was 56.5 %.
Positive earnings
In the period January to March 2010, the Einhell Group earned profits from
operations amounting to EUR5.9 million (previous year EUR 4.8 million).
Thus pre-tax yield increased to 6.5 % (previous year 5.3 %).
The Group net profit after minority interests in the first quarter of the
financial year 2010 increased by EUR 0.7 million in comparison with the
previous year to EUR4.3 million. Earnings per share are calculated at EUR
1.1 per share (previous year EUR 1.0 per share).
Outlook to the business year 2010
In light of the difficult economic circumstances, growth for the first
quarter 2010 has been positive. Revenues and earnings for April have also
been stable. However, due to continuing uncertainty, the future development
of commodity prices is hard to predict. Above all, the weak euro, caused
mainly by the massive public debt of some euro countries, could result in
higher procurement prices. Increased freight costs are also impacting on
the Einhell Group. Despite these uncertainties, Einhell expects that it
will be able to attain similar revenues and earnings as in 2009. The Board
of Directors wishes to note that these risks mean that the result from the
first quarter cannot be used as a projection for the full year.
Landau a. d. Isar, den 20. Mai 2010
Der Vorstand
Ansprechpartner:
Helmut Angermeier
Prokurist
Postfach 1 50
94402 Landau/Isar
Tel.: 09951/942-166
Fax: 09951/942-293
E-Mail: Helmut.Angermeier(at)einhell.com
20.05.2010 13:39 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Deutschland
Phone: +49 (0)9951-942-166
Fax: +49 (0)9951-942-293
E-mail: helmut.angermeier(at)einhell.com
Internet: www.einhell.com
ISIN: DE0005654933, DE0005654909
WKN: 565493, 565490
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 20.05.2010 - 13:39 Uhr
Sprache: Deutsch
News-ID 21227
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Kategorie:
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