Edding Aktiengesellschaft Adjusts Financial Guidance Amid Lower Sales Expectations

Edding Aktiengesellschaft has announced an adjustment to its financial forecast due to lower sales expectations and negative one-off impacts from strategic portfolio management choices. The forecast for Group sales revenues has been revised down to EUR 158.0 million to EUR 168.0 million from the previous EUR 161.0 million to EUR 176.0 million. Group operating results (EBIT) are now expected to be between EUR 0.0 million and EUR 3.0 million, down from EUR 3.0 million to EUR 6.0 million.

The company noted that while the main business units, Office & Industry Supplies and Creative & Home, are performing in line with expectations, sales in the Collaboration @ Work business unit and edding France are significantly lower than planned. This discrepancy has negatively impacted EBIT by EUR 3.0 million.

Edding also disclosed the financial impact of the discontinued Business Unit Lifestyle (edding TATTOO), which resulted in an EBIT loss of EUR 1.2 million. Consequently, without this reclassification, the EBIT forecast would have been further reduced.

Despite the downward revision in the 2024 projections, Edding maintains that its mid-term financial targets for 2026 remain achievable, backed by the stable performance of its largest business units and anticipated positive effects from strategic decisions.