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Einhell Germany AG

EANS-News: Einhell Germany AG
Press release

Landau/Isar (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/Press release
Information for business press
                                       from
                               Einhell Germany AG,
                               Landau an der Isar
• Einhell group revenues slightly below previous year
    • Group is furthermore very profitable
    • Successful refinancing of the bonded loan
    • Further international expansion
    • Outlook
Einhell group revenues slightly below previous year
In the first nine months of the financial year 2009, the Einhell 
group earned revenues of EUR 262.7 million. Due to the continuing 
unfavourable global conditions, this is a very positive result.
Revenues of the previous year in the domestic German market, European
Union and in other countries were unable to match, due mainly to the 
effects of the financial crisis in Eastern Europe. In comparison with
the previous year, revenues in Asia increased. The share of total 
Group revenues provided by foreign countries in the first nine months
2009 was 60.1 %.
Group is furthermore very profitable
In the period January to September 2009, the Einhell Group earned 
profits from operations amounting to EUR 13.5 million (previous year 
EUR 16.1 million). Thus pre- tax yield was 5.2 % (previous year 5.6 
%). Group net profit after minority interests in the first nine 
months 2009 amounted to EUR 11.0 million (previous year EUR 10.8 
million).
Earnings per share are calculated at EUR 2.9 per share (previous year
EUR 2.9 per share).
Successful follow-up financing of the bonded loan
Over the past half-year, the Einhell Group has been able to fulfil an
important strategic corporate goal: it has secured refinancing of the
bonded loan that expires in July 2009.
Favourable terms for long-term financing for EUR 40 million has been 
secured for the next five years.
This provides the foundation for further international expansion.
Further international expansion
We are already preparing future growth strategies for Einhell. We 
already have a sales subsidiary in Chile, which is showing positive 
operational growth and we are working on a market entry in Brazil. We
think that there is a strong middle class with continually increasing
buying power in both countries.
We are also developing business in other South American countries. In
around five years, South America will be one of Einhell`s growth 
areas at a time when we expect growth rates in Eastern Europe might 
be less strong. This means that we are already taking up a position 
in a strategically interesting developing market. With our products, 
we will play a part in the development potential of these countries.
Outlook
Even the Einhell Group is unable to avoid the effects of economic 
circumstances. In particular, the weakening of private consumption in
various countries is having a significant effect on Group revenues. 
We are not currently able to say when the effects of the financial 
crisis will pass.
However, the Einhell Group is countering difficult market conditions,
particularly weak consumer demand, with a new range of highly 
attractive products. The introduction of new product lines allows us 
to increasingly meet the needs of different groups of consumers. With
improved quality and design, the new products provide the basis for 
further growth and stability of the Group.
Landau a. d. Isar, 26 November 2009
The Board of Directors
Contact:
Helmut Angermeier
Authorised representative
Post office box 1 50
94402 Landau/Isar
Phone: + 49 9951 942 166
Fax: + 49 9951 942 293
E-Mail:  Helmut.Angermeier@einhell.com
end of announcement                               euro adhoc

Further inquiry note:

Silvia Vaitl
Sekretariat Vorstand
Tel.: +49 (0)9951-942-290
E-Mail: silvia.vaitl@einhell.com

Branche: Wholesale
ISIN: DE0005654933
WKN: 565493
Index: CDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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