Brief: Einhell Germany Q1 revenue up at 137 million euros

Einhell Germany AG

04/05/2017 16:20

May 4 (Reuters) - Einhell Germany AG  EING_p.DE : 
    * Generated in Q1 2017 revenues of about 137 million euros 
($149.91 million) in comparison with previous year of 120.1 
million euros 
    * Q1 earnings before tax will be around 9.4 million 
euros(previous year 5.3 million euros) 
    * Without considering effects out of purchase price 
allocation Q1 earnings before tax will be around 9.9 million 
euros (previous year 5.7 million euros) 
    * From today's point of view, group will surpass initial 
sales target for 2017 of 500 million euros of about 2 - 3 pct 
under assumption of a further favorable business record 
    * 2017 forecast for pre-tax yield is raised to 4 - 4.5 pct. 
Forecast for pre-tax yield and before ppa is raised to 4.5 - 5.0 
pct. 
 
Source text for Eikon:  ID:nEQ5r6rXf  
Further company coverage:  EING_p.DE  
 
($1 = 0.9139 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))