Einhell Germany AG Reports Strong Q3 Results and Confirms Guidance

Einhell Germany AG has released its final Q3 2024 results, reporting a solid increase in sales and earnings before taxes (EBT). The company's sales rose by 14.5% year-over-year, reaching €263 million, driven by the strong demand for its Power X-Change products. Western Europe, including the DACH region, was the key contributor, with sales up by 24.7% to €146 million.

EBT for Q3 2024 experienced a significant rise of 22.5%, totaling €22.6 million, with an improved EBT margin of 8.6%. This increase was primarily due to a reduced material cost ratio and operating leverage reducing personnel costs. Despite a rise in personnel costs to €36.4 million, the cost ratio decreased due to increased turnover.

Einhell has reiterated its FY24 guidance, projecting €1,070 million in sales and an EBT margin between 8.0% and 8.5%. Analysts maintain a BUY recommendation with a target price of €86, highlighting continued demand for the company's innovative products.