DGAP-News: Einhell Germany AG: Einhell Group increased sales and profits
(firmenpresse) - DGAP-News: Einhell Germany AG / Key word(s): Final Results/Final
Results
Einhell Germany AG: Einhell Group increased sales and profits
07.04.2011 / 14:28
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Information for the Business Press
released by
Einhell Germany AG, Landau an der Isar
- Einhell Group increased sales and profits
- Increased dividend
- Success through development and deployment of highly qualified staff
- Further growth planned for 2011
Landau a. d. Isar, 7 April 2011
Einhell Group increased sales and profits
The Einhell Group has successfully taken advantage of the 2010 improved
global economic environment and, thanks to its newly introduced product
portfolio comprising the product lines 'Blue' and 'Red', has emerged with
enhanced strength from world economic crisis.
Einhell has been enjoying growing customer perception as a supplier of
quality products and has succeeded in distinctly raising its worldwide
sales. During the business year 2010, consolidated sales rose by 49.7
million Euro to a total of 365.4 million Euro (previous year 315.7 million
Euro). The best news: these revenue increases were particularly significant
in the domestic market in Germany. During the business year 2010, Germany's
sales figures surpassed the previous year's figures by 19%, rising to a
total of 145.3 million Euro (previous year 122.5 million Euro). This gain
in additional market shares is chiefly attributable to the premium products
of the product line 'Red' which are enjoying a particularly high-turnover
in Germany.
Also the sales figures for the European Union have been growing up. Thanks
to a 10% increase, EU turnovers have reached an amount of 145 million Euro.
The highest turnovers were achieved in countries like Austria, Poland, and
Italy.
Whereas the economic recovery of the Eastern European countries is still
somewhat hesitant, high growth rates were achieved especially in Turkey.
Business development in South America is equally encouraging. The young
corporate affiliate in Brazil had an excellent start, while the
distribution network in Chile continues in its systematic course of
expansion.
The international share in the overall consolidated operating revenue is
therefore 60%.
During the business year 2010, the Einhell Group succeeded in appreciably
strengthening its earning power. The earnings before tax rose by 6 million
Euro to a total of 20.2 million Euro (previous year 14.2 million Euro). The
profit margin before tax rose in comparison to the previous year to a total
of 5.5% (previous year 4.5%).
In the business year 2010 an EBIT-Yield of 5.9% (previous year 5.7%) in
relation to the turnover has been obtained. The EBIT amounts to 21.5
million Euro (previous year 18.0 million Euro).
Net profit after minority's interest increased from 10.8 million Euro to a
total of 16.2 million Euro.
The profit per share according DVFA rose from 2.9 Euro to 4.3 Euro.
As of the balance sheet date, the Einhell Group boasts a healthy financial
situation with an equity ratio of 57.2% and hence a very sound balance
sheet structure.
Increased dividend
In view of the group's very encouraging business performance, the
Management and Supervisory Boards will at this year's upcoming Annual
General Meeting on 17 June 2011, propose a dividend of 0.80 Euro per
preferred share and 0.74 Euro per common share.
Success through development and deployment of highly qualified staff
One of fundamental building blocks of the Einhell Group's success is our
staff. That is why the development and deployment of highly qualified
employees is number one on its list of priorities. The advanced staff
training and development programs offered and implemented in 2010 covered
the areas of work methodology, IT, language training, and
management/leadership. By developing and expanding the employees' skills
and qualifications, the Einhell Group creates a solid basis for ensuring
long-term company success. That is why Einhell will continue to invest in
employee development in the future, both in Germany and in the
international Group companies, with a view to making profitable and
efficient use of all the opportunities arising from the Einhell Group's
expansion.
Further growth planned for 2011
The Einhell Group's 2011 development shows that the long-term expansion
strategy pays off. That is how Einhell managed to bolster its presence both
in the established markets and in the growth markets, and to profit from
the latters' economic growth. Einhell sees considerable future growth
potential in continued international expansion.
Moreover, Einhell is dedicated to proactively increasing its efficiency and
effectiveness in international logistics. Also, worldwide customer service
necessitates the strong presence of a global service organization to
highlight its position over that of the competition.
After a very successful business year 2010, the Einhell Group is looking
forward to the future with optimism and very ambitious goals. For the
business year 2011, Einhell is planning another 5-10% increase in sales. In
view of these sales profits, the Einhell Group expects to realize in 2011 a
profit before taxes comparable to 2010.
Einhell is highly committed to seizing all of its opportunities in global
competition.
Landau a. d. Isar, 07 April 2011
The Board of Directors
Contact:
Helmut Angermeier
Authorized Representative
Postfach 1 50
94402 Landau/Isar
Tel.: 09951/942-166
Fax: 09951/942-293
Email: Helmut.Angermeier(at)einhell.com
End of Corporate News
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07.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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118901 07.04.2011
Datum: 07.04.2011 - 14:28 Uhr
Sprache: Deutsch
News-ID 33729
Anzahl Zeichen: 0
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Kategorie:
Business News
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