Brief: Einhell Germany: FY21 Consolidated Sales Up At EUR 927.4 Mln

Einhell Germany AG

07/04/2022 13:58

April 7 (Reuters) - EINHELL GERMANY AG  EING_p.DE :
    * BUSINESS DEVELOPMENT 1ST QUARTER 2022 / INCREASE OF
FORECAST
RANGE / REVENUES AND EARNINGS BEFORE TAX FY 2021
    * GROUP IS INCREASING ITS FORECAST FOR ORGANIC SALES GROWTH
FOR
2022 FINANCIAL YEAR.
    * GROUP IS ALSO INCREASING ITS PRE-TAX RETURN FORECAST FOR
2022
FINANCIAL YEAR FROM AROUND 8.5 % TO AROUND 8.5 - 9.0 %
    * ASSUMES THAT 2022 ORGANIC SALES GROWTH AT UPPER END OF
PREVIOUS
FORECAST RANGE, I.E. OF APPROX. 10 % (PREVIOUSLY 5 -10 %), COULD
BE ACHIEVED.
    * FORECAST TURNOVER FOR 2022 OF APPROX. EUR 1,020 MILLION
    * IN ADDITION, A FURTHER APPROX. EUR 30 MILLION IS FORECAST
FOR
2022 AS A RESULT OF TAKEOVER OF CANADIAN COMPANY OUTILLAGES KING
CANADA.
    * IN PAST FISCAL YEAR 2021, EINHELL GROUP WAS ABLE TO
GENERATE
CONSOLIDATED SALES OF EUR 927.4 MILLION COMPARED TO EUR 724.7
MILLION IN PREVIOUS YEAR.
    * FY EARNINGS BEFORE TAXES AMOUNT TO EUR 81.8 MILLION
(PREVIOUS
YEAR: EUR 56.4 MILLION)
    * FY WILL PROPOSE AN INCREASED DIVIDEND OF EUR 2.60 PER
PREFERRED
SHARE
    * DIVIDEND EUR 2.54 PER ORDINARY SHARE (PREVIOUS YEAR: EUR
2.14)

Source text for Eikon:  ID:nEQb7cV8Za 
Further company coverage:  EING_p.DE 

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