DGAP-News: Einhell Germany AG: record turnover in 2016
DGAP-News: Einhell Germany AG / Key word(s): Final Results/Dividend
Einhell Germany AG: record turnover in 2016
27.04.2017 / 16:05
The issuer is solely responsible for the content of this announcement.
Information of the Einhell Group
Einhell-Group generated record turnover in 2016
Record turnover
In financial year 2016 Einhell generated revenues of EUR 487.2 million (previous year EUR 443.8 million). Compared to the previous year, revenues increased significantly again.
The main reason for this is a significant increase in revenues in Europe and Australia.
In the D/A/CH region (Germany, Austria, and Switzerland), revenues increased to EUR 194.1 million (previous year: EUR 175.6 million).
Revenues in Other Europe increased to EUR 163.3 million (previous year: EUR 144.0 million). France, Italy and UK are among the significant sales markets.
Revenues in the Oceania region amount to EUR 93.1 million (previous year: EUR 86.0 million) in the period under review.
In the Other countries and South America revenues declined by EUR 1.5 million to EUR 36.7 million (previous year EUR 38.2 million).
Higher revenues were achieved mainly through a consistent product range policy and strong, innovative products like the power exchange range. E-commerce also saw rising revenues in financial year 2016.
Significant increase in earnings
The Einhell Group generated profit before taxes of EUR 17.0 million (previous year: EUR 11.8 million) in financial year 2016. The pre-tax margin amounts to 3.5% (previous year: 2.7%).
Purchase price allocation (PPA) effects squeezed earnings by EUR 1.8 million. Adjusted for PPA effects, profit before taxes amounts to EUR 18.8 million and the pre-tax margin is 3.9% (previous year: 3.1%).
The earnings situation thus improved significantly compared to the previous year.
The net income after minority's interest amount to EUR 9.3 million (previous year: EUR 7.4 million) in the business year 2016. The profit per share amount to EUR 2.5 (previous year EUR 1.9).
Investments amounted to EUR 5.0 million in financial year 2016. For a new logistics center in Landau an der Isar Einhell spent EUR 1.0 million so far.
Increased dividend distribution
Einhell follows its profit-oriented dividend policy. The board of directors and the supervisory board will propose at the general meeting on 23 June 2017, a dividend for the listed preferred shares of EUR 0.80 per share and for common shares EUR 0.74 per share.
Annual financial report
The annual financial report for business year 2016 is available at our homepage under the following link:
http://www.einhell.com/com_en/investor-relations/financial-reports/business-reports.html
Landau/Isar, 27 April 2017
The Board of Directors
27.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Germany
Phone:
+49 (0)9951-942-166
Fax:
+49 (0)9951-942-293
E-mail:
helmut.angermeier@einhell.com
Internet:
www.einhell.com
ISIN:
DE0005654933, DE0005654909
WKN:
565493, 565490
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News
DGAP News Service
568445 27.04.2017