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02.09.2009 – 15:19

Einhell Germany AG

EANS-News: Einhell Germany AG
Press release

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Company Information

Landau/Isar (euro adhoc) - Information for business press
                               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 six months of the financial year 2009, the Einhell group earned revenues of EUR 181.5 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 half-year 2009 was 59.6 %.

Group is furthermore very profitable

In the period January to June 2009, the Einhell Group earned profits from operations amounting to EUR 9.8 million (previous year EUR 11.6 million). Thus pre- tax yield was 5.4 % (previous year 5.8 %). Group net profit after minority interests in the first six months 2009 amounted to EUR 7.3 million (previous year EUR 7.8 million).

Earnings per share are calculated at EUR 1.9 per share (previous year EUR 2.1 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.

Due to the solid financial structure and ongoing positive earnings, it was possible to secure an excellent basis for the future growth of the Group. This provides the foundation for further international expansion.

Further international expansion

In order to establish a footing in lucrative South American economies, we planned to set up our own company in Brazil in the financial year 2009. This company has now been set up. Business operations should start at the end of 2009.

In order to continue to improve sales, the Einhell Group also plans partnerships with companies in India and other countries in South America in the near future.

The group companies set up in 2008 have now been fully integrated into the Group. Despite the financial crisis, Einhell will continue its programme of internationalisation. The Board of Directors is currently working hard on strategic planning for the coming years.


Group management continues to expect that 2009 will be a very difficult year. In particular, the decline in private consumption could have significant effects on Group revenues.

Due to its excellent financial base and attractive new productlines, the Group's management believes that Einhell will emerge strengthened from the current financial crisis.

Landau a. d. Isar, 2 September 2009

The Board of Directors


Jan Teichert                                 Helmut Angermeier
Member of the Board of Directors             Authorised representative
Post office box 1 50                         Post office box 1 50
94402 Landau/Isar                            94402 Landau/Isar
Phone: +49 9951 942 108                      Phone: + 49 9951 942 166
Fax: + 49 9951 5817                          Fax: + 49 9951 942 293
E-Mail :         E-Mail: 
end of announcement                               euro adhoc

Further inquiry note:

Silvia Vaitl
Sekretariat Vorstand
Tel.: +49 (0)9951-942-290

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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