on Leifheit Aktiengesellschaft (isin : DE0006464506)
Leifheit AG Reports Doubling of EBIT in 2024
Leifheit AG, a leading European household product supplier, has announced preliminary figures for the 2024 financial year. The group doubled its EBIT to EUR 12.1 million, significantly influenced by an increase in the gross margin to 44.5% and enhanced production efficiency. The EBIT margin rose to 4.7%, signaling improvements despite some challenges like increased container prices.
The company saw a slight turnover rise, reaching EUR 259.2 million. Growth in e-commerce and distribution in DIY stores contributed positively, despite ongoing weak consumer sentiment in core European markets. Notably, sales surged in Central and Eastern Europe, offsetting a decline in the German market.
The final annual report, set for April 2025, will provide further insights and projections for 2025.
R. H.
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