Leifheit AG : Q1 2024 – A solid start to the year
>Significant improvement in profitability - Leifheit reported Q1 2024 turnover of € 65.9m (ODDO BHFe € 67.9m) which was down by 6.2% compared to the same period of last year. The turnover decline was already highlighted during the company’s FY 2023 results release on 27 March 2024 and is primarily due to a base effect in the same period of 2023, in which promotions at discounters made a significant contribution to turnover. The expansion of distribution in key Europea...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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