Einhell Reports Strong Start to 2024 with Revenue and Earnings Growth

The first quarter of 2024 was a success for Einhell Germany AG, with revenue reaching EUR 269.5 million, up from EUR 249.9 million in the previous year. Earnings before taxes (EBT) increased by 11.3% to EUR 22.6 million. The pre-tax margin rose to 8.4%.

The D/A/CH region saw significant growth, with revenue increasing to EUR 109.5 million. The company's Power X-Change product line contributed significantly to this success, as its share of revenue in the D/A/CH region grew from 49% to 62%.

Additionally, Einhell reduced its liabilities to banks and inventories in Q1 2024, benefiting from normalized supply chain management. The company also strengthened brand partnerships, particularly with Mercedes-AMG PETRONAS F1 and FC Bayern Munich, to boost brand awareness.

Looking ahead, Einhell focuses on international expansion, including the acquisition of subsidiaries in Thailand and Vietnam. The Board expects revenue growth of around 6% and a pre-tax margin of 7.5-8.0% for the full financial year 2024.