Brief: Leifheit 9-Mth EBIT Up At EUR 15.4 Mln

Leifheit Aktiengesellschaft

21/10/2020 14:48

Oct 21 (Reuters) - LEIFHEIT AG  LEIG.DE :
    * STRONG RISE IN EARNINGS IN THE THIRD QUARTER, RAISED
FORECAST
FOR FULL YEAR 2020
    * 9M EBIT ROSE 115.4 PERCENT TO 15.4 MILLION EUR
    * HAS RAISED ITS FORECAST FOR FINANCIAL YEAR 2020 AND NOW
ASSUMES
A GROWTH OF GROUP TURNOVER BETWEEN 11 % AND 13 % AND GROUP EBIT
OF BETWEEN EUR 17 MILLION AND EUR 19 MILLION FOR FINANCIAL YEAR
2020
    * PREVIOUSLY MANAGEMENT BOARD ASSUMED A TURNOVER GROWTH OF 7
% TO
9 % AND EBIT OF EUR 12 MILLION TO EUR 15 MILLION IN FINANCIAL
YEAR 2020.
    * 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
    * AS AT 30 SEPTEMBER 2020 GROUP TURNOVER INCREASED BY 13.9 %
TO
EUR 201.9 MILLION (PREVIOUS YEAR: EUR 177.2 MILLION)
    * Q3 EBIT AT EUR 6.5 MILLION

Source text for Eikon:  ID:nEQ6nZCQta 
Further company coverage:  LEIG.DE 

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