Einhell Germany AG: Increase of the forecast

Increase of the forecast

Einhell Germany AG, listed in the Prime Standard of Deutsche Börse AG

(ISIN: DE 000A40ESU3) announces the following:

The Einhell Group expects a significant increase in sales and earnings for the 2024 financial year.

According to preliminary figures, group sales in the months January to September 2024 increased by around 11% year-on-year to around EUR 840 million (previous year: EUR 755.8 million). This makes Einhell stronger than its main competitors in the market.

The sales increases were achieved in all sales regions.

The sustained high demand for the battery-operated Power X-Change devices is a key factor in the increase in sales.

The Power X-Change platform now accounts for over 50% of sales.

The cooperation with FC Bayern Munich and Mercedes-AMG PETRONAS F1 Team is also becoming increasingly noticeable.

The partnership with these strong international partners has a very positive effect on the image and visibility of the Einhell brand.

The development of business to date has led the Management Board of the Einhell Group to increase its forecast. For the 2024 financial year, the Management Board now expects sales of around EUR 1,070 million (previously: EUR 1,030 million) and earnings before taxes of appoximately 8.0 - 8.5% (previously: around 8.0%).

The quarterly statement with the figures as of September 30, 2024 will be published on November 14, 2024.

Landau/Isar, October 10, 2024

The board