Einhell Maintains Dividend Stability and Foresees Positive Future

Einhell Germany AG, a prominent manufacturer of DIY and garden tools, reported a stable financial performance for 2023, even amidst challenging global economics. Despite decreased revenues from EUR 1,032.5 million in 2022 to EUR 971.5 million, the company managed a respectable overall performance, partly due to currency exchange impacts. Adjusted profits reached EUR 77.4 million while maintaining a pre-tax margin of 8.0 percent.

The company showed a solid cash flow from operations amounting to EUR 211.7 million and kept its dividend similar to previous rates amid slight earnings dips. This financial stability allowed for controlled company expansions in Vietnam and Thailand, aiming to diversify and strengthen its supply chain.

Einhell is actively pursuing further international growth and market share by various strategic initiatives. These include collaborations with well-known brands and extending its distribution network further into the United States. For 2024, Einhell targets a revenue growth of approximately 6.0 percent and anticipates maintaining a pre-tax profit margin between 7.5 to 8.0 percent.