Einhell Germany AG

EIN3

Equity

ISIN DE0005654933 / Valor 331235

Xetra (2024-08-05)

EUR 167.00-3.58%

Einhell Germany AG
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About company

Einhell Germany AG, headquartered in Landau/Isar, Bavaria, is a prominent manufacturer in the tools and equipment sector for home and garden applications. The company has established itself as a market leader in the cordless tools and garden equipment segment, primarily through the development and expansion of its Power X-Change rechargeable battery platform. Einhell is recognized for its commitment to innovation, with products that are noted for their durability, performance, and safety. The firm caters to a broad customer base that values the convenience of cordless operation, the competitive pricing of its offerings, and the high level of customer service provided. Over the years, Einhell has successfully expanded its international presence, reinforcing its position in the global market for DIY tools and garden equipment.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Einhell Germany AG reported a revenue of EUR 269.5 million for the first quarter of 2024, an increase from EUR 249.9 million in the same period of the previous year. This growth is primarily driven by the high demand for Power X-Change products, with the share of these devices rising from 41% to approximately 50% year-over-year.

Pre-Tax Earnings

The company achieved earnings before taxes (EBT) of EUR 22.6 million in Q1 2024, compared to EUR 20.3 million in Q1 2023. This represents an 11.3% increase. The EBT before Purchase Price Allocation (PPA) effects was EUR 23.0 million, reflecting an 8.5% pre-tax return before PPA.

Net Profit

Einhell Germany AG's net profit after minority interests for the first quarter of 2024 was EUR 15.9 million, up from EUR 13.9 million in the same period last year. The earnings per share increased to EUR 4.2, compared to EUR 3.7 in Q1 2023, marking a 13.5% rise.

Debt Reduction

The company significantly reduced its bank liabilities from EUR 198.5 million in Q1 2023 to EUR 103.0 million in Q1 2024. This reduction is attributed to positive business development and planned inventory reduction, which allowed for the repayment of short-term bank debts.

Segment Performance

In the D/A/CH region, Einhell Germany AG's revenue increased by EUR 9.6 million to EUR 109.5 million in Q1 2024. The revenue share of Power X-Change devices in this region rose significantly from 49% to 62%. The overall segment performance showed a stable pre-tax earnings level compared to the previous year.

Summarized from source with an LLMView Source

Key figures

8.44%1Y

7.40%3Y

199%5Y

Performance

19.0%1Y

31.6%3Y

37.4%5Y

Volatility