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LEI - Leifheit AG News Story

€30.7 1.5  5.1%

Last Trade - 14/08/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £251.1m
Enterprise Value £217.1m
Revenue £215.6m
Position in Universe 548th / 1031

BRIEF-Leifheit Q2 EBIT Up At EUR 4.5 Mln

Wed 15th July, 2020 10:30am
July 15 (Reuters) - LEIFHEIT AG  LEIG.DE :
    * STRONG RISE IN EARNINGS IN THE SECOND QUARTER, FORECAST
2020
WITH SIGNIFICANT TURNOVER AND EARNINGS GROWTH
    * Q2 (EBIT) OF LEIFHEIT GROUP STOOD AT EUR 4.5 MILLION IN Q2
AND
THUS ROUGHLY QUADRUPLED COMPARED TO PREVIOUS YEAR'S FIGURE OF
EUR 1.1 MILLION
    * H1 GROUP EBIT REACHED EUR 8.8 MILLION, 75.5% ABOVE RESULT
OF
FIRST HALF OF 2019 OF EUR 5.0 MILLION.
    * COVID-19 IMPACT ON LEIFHEIT'S BUSINESS DEVELOPMENT HAS NOT
BEEN
REALISTICALLY ASSESSABLE SO FAR
    * H1 GROUP TURNOVER INCREASED BY 7.3% COMPARED TO PREVIOUS
YEAR TO
EUR 130.4 MILLION.
    * FORECAST IS BASED ON ASSUMPTION THAT THERE WILL BE NO
FURTHER
SIGNIFICANT RESTRICTIONS DUE TO COVID-19 PANDEMIC IN MARKETS AND
SALES CHANNELS RELEVANT TO LEIFHEIT.
    * NOW ASSUMES A GROWTH OF GROUP TURNOVER BETWEEN 7% AND 9%
AND
GROUP EBIT OF BETWEEN EUR 12 MILLION AND EUR 15 MILLION FOR
FINANCIAL YEAR 2020

Source text for Eikon:  ID:nEQ6MG9Wwa 
Further company coverage:  LEIG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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