DGAP-Adhoc: Einhell Germany AG: Business development in 2020
DGAP-Ad-hoc: Einhell Germany AG / Key word(s): Development of Sales/Forecast
Einhell Germany AG: Business development in 2020
16-Jun-2020 / 14:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
"Ad hoc announcement according to Article 17 MAR"
Business development in 2020
Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime Standard of Deutsche Börse AG announces the following:
At the Annual General Meeting on June 19, 2020, the Einhell Germany AG will announce the following:
For the period January to May 2020, the group-revenues amount to € 273 million (previous year € 273.3 million). In May, very positive revenues were recorded in almost all sales channels due to high demand.
This means that the Einhell Group was able to compensate the sales declines caused by the corona pandemic in March and April.
Due to the very positive business development in recent weeks, the Board of Directors does not rule out that the forecast for the year 2020 issued at the beginning of the year with revenue of € 610 million and a pretax yield of 5.5% could now be achieved. However, this assumes that no second wave of Covid19 infections and the resulting lockdowns will occur in the markets that are relevant for Einhell.
Landau/Isar, 16 June 2020
The Board of Directors
16-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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1070925 16-Jun-2020 CET/CEST