Leifheit AG Reports Turnover Results for the Year 2016; Provides Earnings Guidance for the Year 2016
Leifheit AG reported turnover results for the year 2016. The company achieved group turnover of EUR 237.1 million, continuing its sustainable growth. Group turnover increased by 2.3%, up from EUR 231.8 million in the previous year. Due to positive effects from the development of the Leifheit brand and growth in the e-commerce distribution channel, turnover increased by 4.1% in the brand business.
Based on these figures, the company confirmed earnings forecast for the 2016 financial year, which predicted EBIT of EUR 21 million and was concretised in November 2016.