Leifheit AG announces its forecasts for the year 2024

The Leifheit group, based in Nassau, Germany, has shared its forecasts for the financial year 2024 following an upward revision of its results for the year 2023. The group achieved a turnover of 258.3 million euros, marking a growth of 2.7%. The earnings before interest and taxes (EBIT) amount to 6.0 million euros, despite exceptional expenses of 2.7 million euros related to changes in the board of directors. The available cash flow has increased, reaching 12.1 million euros.

For 2024, the management of Leifheit AG expects a slight growth in the group's turnover despite a challenging environment. The increase in maritime freight costs, following attacks by the Houthi rebels in the Red Sea, is expected to negatively impact the results for the first quarter, and for the year overall. However, efficiency measures and cost reductions are expected to support profits, with an EBIT forecasted between 10 and 12 million euros.