QuickView: On the front foot
Ahead of Q3 results on 11 November, Leifheit’s focus on brands and margins continues to deliver, with a double-digit rise in H115 underlying EBIT and the prospect of more of the same for the rest of the year (reported 2014 was particularly flattered by currency). In addition, there should be increasing benefit from a newly-refined strategy, notably a 'full category' product and price approach to complement longstanding commitment to innovation, increased e-commerce, brand presence at the point of sale, targeted expansion and cost control. Strong finances (€59m net cash at June) should facilitate this and a generous dividend payout.Leifheit is engaged in the development and distribution of household products. Co. supplies household items in the cleaning, laundry care, kitchen and wellbeing sectors. Co.'s operating business is divided into two segments: Brand Business and Volume Business. In the brand business segment, Co. develops, produces and distributes household goods and appliances under the Leifheit brand, as well as scales and relaxation products under the Soehnle brand. The volume business of Co. comprises the activities of Birambeau and Herby, as well as Project business. Co.'s products are distributed mostly in Germany and Europe as well as in the U.S., the Middle East and the Far East.
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