Q2 prelims in line with expectations // FY24e guidance confirmed Yesterday, Einhell released ad-hoc news revealing that sales between January and May 2024 amounted to € 478.2m (+11.6% yoy). The company further expects sales for H1'24 to be € 565m (+7.4% yoy; eNuW: € 562m) and EBT margin to be 8.5% (-10bps yoy; eNuW: 8.3%). Theref [ … ]

Q1 in line with expectations // FY24e guidance confirmed Einhell released Q1 results in line with expectations, showing healthy top and bottom line growth versus Q1’23 and Q4’23. Despite an ongoing depressed consumer sentiment, sales grew by 7.8% yoy to € 270m (eNuW: € 265m), driven by higher demand for the company’s [ … ]

Q4 in line with prelims // solid FY24 guidance; chg. Einhell released Q4 results in line with prelims, showing a slowdown versus previous quarters. Group sales decreased by 5% yoy to € 216m, bringing full year sales to € 972m (-6% yoy). In DACH, Einhell continued to experience a somewhat muted consumer sentiment, explaining why region [ … ]

Gradual recovery underway // better FY'24 outlook; chg. After Einhell indicated that it will not be able to achieve its adjusted FY'23 guidance of € 1.0bn in revenues, FY sales are now expected to come in at c. € 972m (eNuW: € 991m), implying weaker-thanexpected Q4'23 sales (5% yoy), largely due to muted consumer sentiment and un [ … ]

Final Q3 slightly better than expected // Bottom-line stays strong Einhell released better-than-expected final Q3 results, reflecting that the company executes tight cost control amid a challenging market environment. Q3 sales decreased by 5% yoy to € 230m (prelim: € 225m). While Eastern Europe showed strong growth of 30% yoy, DACH de [ … ]