DGAP-News: Einhell Germany AG: Einhell Group revenues 4.7% over the level as last year
(firmenpresse) - Einhell Germany AG / Development of Sales
26.08.2010 10:36
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Information for business press
from
Einhell Germany AG,
Landau an der Isar
- Einhell Group revenues 4.7 % over the level as last year
- Positive development of earnings
- Outlook to the business year 2010: Increasing the forecast
Landau a. d. Isar, 26 August 2010
Einhell-Group revenues 4.7 % over the level as last year
The Einhell-Group earned revenues of EUR 190.0 million in the first-half
year of the business year 2010 (previous year EUR 181.5 million). This
represents an increase of 4.7 %. In the domestic German market the revenues
increased by 10% to EUR 80.5 million. In the first-half year, the share of
domestic revenues as part of total Group revenues is 42.4 %.
In the European Union, revenues were EUR 74.0 million (previous year EUR
74.2 million). In the region Asia the revenues amounted to EUR 10.4 million
(previous year EUR 10.8 million). In other countries the revenues have
increased by EUR 1.8 million in comparison with the same period of the
previous year to EUR 25.1 million. In the first-half year, Italy, Austria
and Poland were strong markets within the European Union. Top-selling
markets in other countries were Turkey and Switzerland.
The share of the total Group revenues provided by foreign countries in the
first-half year 2010 was 57.6 %.
Positive development of earnings
In the period January to June 2010, the Einhell Group earned profits from
operations amounting to EUR12.0 million (previous year EUR 9.8 million).
The pre-tax yield increased to 6.3 % (previous year 5.4 %).
The Group net profit after minority interests in the first half-year of the
financial year 2010 increased by EUR 1.4 million in comparison with the
previous year to EUR 8.7 million. Earnings per share are calculated at EUR
2.3 per share (previous year EUR 1.9 per share).
Outlook to the business year 2010: Increasing the forecast
The past half-year 2010 has shown positive growth in revenues and earnings.
However, the Einhell Group is still feeling the impact of steep increases
in freight costs. Increased commodity prices have also had an effect on
prices. Yet despite these poorer conditions and the uncertain global
economic recovery, Einhell expects to improve on 2009 revenues and
earnings.
Therefore, Einhell is raising its forecast, which previously predicted
equivalent revenues and earnings to 2009 levels. Proceeding on the
assumption that no extreme negative external effects will occur before the
end of the year, the Board of Directors is expecting 2010 revenues to
increase by about 5 % over the previous year. The pre-tax revenue yield
would amount to about 5-6 % under these conditions.
It is conceivable that improved market conditions in procurement,
commodities, currencies and freights will have further potential. These
factors currently mean that we cannot exclude risks to gross profit
margins.
The Board of Directors is positive about future development. Einhell has a
strong market position, solid balance sheet and financial structures and
extensive know-how about operations and extending into new markets.
Landau a. d. Isar, 26 August 2010The Board of Directors
Contact:
Helmut Angermeier
Authorised representative
Post office box 1 50
94402 Landau/Isar
Phone: +49 9951/942-166
Fax: +49 9951/942-293
E-Mail: Helmut.Angermeier(at)einhell.com
26.08.2010 10:36 Ad hoc announcement, Financial News and Press 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 Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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Datum: 26.08.2010 - 10:36 Uhr
Sprache: Deutsch
News-ID 32081
Anzahl Zeichen: 0
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Kategorie:
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