Leifheit AG : 9M 2024 - continuing upward trend in profitability
>Group turnover and earnings roughly in line - Leifheit reported 9M 2024 EBIT of € 10.3m (up more than 100% y-o-y) which was ca. 2% above our estimate whereas turnover (€ 200.8m, flat y-o-y) was in line. Expansion of the e-commerce channel, advertising activities for high margin bestsellers and the expansion of distribution in important European core markets contributed to the positive turnover trend. Group EBIT margin improved by 260bp y-o-y to 5.1% (ODDO BHFe 5.0%)....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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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