Einhell Germany AG Shines with Strong FY24 Results and Optimistic FY25 Guidance

Einhell Germany AG reported impressive preliminary FY24 results, exceeding both internal targets and external estimates. Sales grew by 14.1% year-on-year, reaching € 1,109 million, surpassing the company's guidance of € 1,070 million. The strong performance was heavily driven by the demand for Einhell’s Power X-Change products, which now represent approximately 50% of total sales.

Strategic moves like cordless tool focus and influential brand partnerships with FC Bayern and Mercedes AMG Petronas F1 have notably enhanced Einhell's market position. The company's preliminary FY24 earnings before tax (EBT) rose 30.6% to € 98.5 million, achieving a robust margin of 8.9%.

Looking ahead, FY25 projections seem promising with expected sales between € 1,150 million and € 1,175 million, and an EBT margin ranging from 8.5% to 9.0%. Consequently, NuWays AG maintains a 'BUY' recommendation, increasing the target price to € 90.