sur Einhell Germany AG (isin : DE0005654933)
Einhell Germany AG Increases Financial Forecast for 2024
Einhell Germany AG has raised its sales and earnings forecast for the 2024 financial year. The group anticipates a notable increase in both sales and earnings, driven by strong demand for its Power X-Change devices. This platform now constitutes more than 50% of total sales.
Preliminary figures reveal an 11% year-on-year rise in group sales for the period from January to September 2024, totaling approximately EUR 840 million. This performance places Einhell ahead of its main competitors.
The company credits its partnerships with FC Bayern Munich and Mercedes-AMG PETRONAS F1 Team for enhancing its brand visibility. As a result, the management now projects sales to reach EUR 1,070 million, with earnings before taxes estimated between 8.0% and 8.5%.
The detailed quarterly statement is scheduled for release on November 14, 2024.
R. P.
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