Leifheit Aktiengesellschaft: Earnings Surge in the First Half of 2024

Leifheit Aktiengesellschaft has reported a notable increase in earnings for the first half of 2024. The company's new strategy emphasizing profitable growth and cost efficiency played a significant role in this improvement.

Group turnover for the period was EUR 135.0 million, with noticeable catch-up effects in the second quarter. The gross margin rose to 44.4%, a 3.5 percentage point increase. Group EBIT saw a significant rise to EUR 7.0 million, nearly 47.5% higher than the previous year's EUR 4.8 million.

The net result for the period was EUR 4.7 million, up from EUR 2.6 million last year. Free cash flow increased to EUR 9.9 million, a 29.5% improvement. Turnover is forecast to grow slightly for the full year, with revised expectations for Group EBIT now set between EUR 11 million to EUR 13 million.

New products, expansion in e-commerce, and efficiency improvements are expected to drive further growth.