Edding AG

Latest Results (14.09.2025):

Edding AG has released its preliminary financial results for the first half of 2024, reporting group sales revenues of EUR 77.7 million, slightly below the previous year's EUR 78.1 million. The company achieved an operating result (EBIT) of EUR 2.8 million, a significant improvement from the EUR -5.1 million reported in the first half of 2023. However, full-year guidance has been adjusted downward due to challenges in certain business units and one-off costs.

Sales Performance

Group sales revenues for H1 2024 reached EUR 77.7 million, marking a slight decrease compared to EUR 78.1 million in H1 2023. While the first quarter saw a soft performance, sales rebounded in the second quarter with a 6% increase compared to Q2 2023. Growth in the Office & Industry Supplies (OFIS) unit was offset by declines in other segments, particularly Collaboration @ Work (COWO).

Operating Result Improvement

The operating result (EBIT) for the first half of 2024 improved to EUR 2.8 million from a loss of EUR -5.1 million in the same period last year. Excluding the deconsolidation effect from the sale of edding Argentina S.A., the EBIT is comparable to the previous year's EUR 1.1 million.

Discontinued TATTOO Business

edding AG has discontinued its TATTOO business unit due to difficulties in meeting REACH compliance for tattoo inks. This discontinued operation resulted in an EBIT of -EUR 1.2 million, including EUR 0.6 million from one-off effects.

Adjusted Full-Year Guidance

For the full financial year 2024, edding AG has revised its sales revenue forecast downward to a range of EUR 158.0 million to EUR 168.0 million, from the previously announced EUR 161.0 million to EUR 176.0 million. The group operating result (EBIT) guidance has been adjusted to EUR 0.0 million to EUR 3.0 million, down from EUR 3.0 million to EUR 6.0 million.

Strategic Initiatives and Costs

The adjustment in guidance is influenced by lower-than-expected performance in the COWO business unit and edding France. Additionally, one-off costs related to the discontinuation of the TATTOO business, restructuring initiatives, and implementation costs for SAP S/4HANA have negatively impacted the EBIT. Despite these challenges, edding remains confident in achieving its mid-term financial targets for 2026.