Brief: Leifheit Q2 EBIT Up At EUR 4.5 Mln

Leifheit Aktiengesellschaft

15/07/2020 10:30

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 

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