Leifheit AG Reports Strong Preliminary Earnings for H1 2024

Leifheit AG has released preliminary results showing a significant increase in earnings before interest and taxes (EBIT) and free cash flow for the first half of 2024 compared to the same period last year. Preliminary calculations indicate Group EBIT at EUR 7.0 million, a 48% rise from EUR 4.8 million in H1 2023.

This increase is attributed to improvements in gross margin, positive product mix effects, and enhanced productivity and efficiency, despite one-off organizational changes in sales and marketing. The Group’s turnover, however, fell slightly to EUR 135.0 million from EUR 138.1 million, while free cash flow rose to EUR 9.9 million from EUR 7.6 million in H1 2023.

In light of these results, the Management Board has raised its full-year 2024 EBIT forecast to a range of EUR 11 million to EUR 13 million, up from the previous estimate of EUR 10 million to EUR 12 million. Additionally, the Management Board now expects a free cash flow of around EUR 12 million for 2024, up from the previous forecast of EUR 10 million.

More detailed figures will be published in the half-year financial report on August 8, 2024.