DGAP-Adhoc: Leifheit Aktiengesellschaft: Distortions of the global supply chain affects EBIT in the third quarter, earnings (EBIT) forecast adjusted to EUR 15 to 20 million

2021. október 13., szerda, 13:14





DGAP-Ad-hoc: Leifheit Aktiengesellschaft / Key word(s): Quarter Results/Change in Forecast


Leifheit Aktiengesellschaft: Distortions of the global supply chain affects EBIT in the third quarter, earnings (EBIT) forecast adjusted to EUR 15 to 20 million


13-Oct-2021 / 13:14 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


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Leifheit Aktiengesellschaft: Distortions of the global supply chain affects EBIT in the third quarter, earnings (EBIT) forecast adjusted to EUR 15 to 20 million



Nassau, 13 October 2021 - According to today"s preliminary calculations Leifheit AG (ISIN DE0006464506) expects Group earnings before interest and taxes (EBIT) in the third quarter of the financial year 2021 of EUR 3.0 million (Q3 2020: EUR 6.6 million). After the first nine months of business year 2021 EBIT reached EUR 16.6 million, an increase of about 8 % compared to the previous year"s figure of EUR 15.4 million.



Based on preliminary figures, the Leifheit Group reached a turnover of EUR 69.7 million in the third quarter 2021 (Q3 2020: EUR 71.6 million). In the first nine months of business year 2021 the Group achieved a turnover growth of 11.9 % to EUR 226 million (Q1-Q3 2020: EUR 201,9 million).



Further increases in raw material prices in the last few weeks as well as the low availability of cargo space and the associated cost increases and delivery bottlenecks affected the business development in the third quarter. The distortions in global supply chains will remain a challenge for the coming months. At the same time, necessary sales price increases can only be passed on to the market with a time lag and thus only have a partial effect in the current financial year.



Based on the preliminary figures for the third quarter the Management Board has reassessed the expectations for the Business year 2021. The Board of Management now assumes Group earnings before interest and taxes (EBIT) of between EUR 15 million and EUR 20 million. So far, an EBIT of EUR 20 million to EUR 24 million was expected. The turnover forecast remains unchanged, an increase of Group turnover of at least 5 % year-on-year is expected.



Information on the development in the third quarter is based on preliminary calculations. The final financial figures will be published in the quarterly statement on 11 November 2021.




Contact:

Leifheit AG

Petra Dombrowsky

Executive Assistant/CIRO

D-56377 Nassau

ir@leifheit.com

+49 2604 977218








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Language: English
Company: Leifheit Aktiengesellschaft

Leifheitstraße 1

56377 Nassau

Germany
Phone: 02604 977-0
Fax: 02604 977-340
E-mail: ir@leifheit.com
Internet: www.leifheit-group.com
ISIN: DE0006464506
WKN: 646450
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1240491





 
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1240491  13-Oct-2021 CET/CEST







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