EANS-Adhoc: Einhell Germany AG
Financial figures 2008
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
06.04.2009
" Ad hoc announcement according to § 15 WpHG"
Financial figures for the year 2008 are confirmed
The annual financial accounts for the year 2008 for the Einhell group were stated by the supervisory board.
The Einhell group has concluded the year 2008 also with a very positive result.
Because of the difficult worldwide economic situation the turnover has reduced to EUR 358,5 million compared to the last year's turnover of EUR 385,7 million.
Earnings before tax have reached EUR 18,4 million (previous year EUR 24,6 million).
The profit margin before tax amounts to 5.1% (previous year EUR 6,4%).
The net income after minority's interest has reached EUR 14,2 million compared to the previous year with EUR 16,7 million.
The profit per share according DVFA decreased from EUR 4,4 to EUR 3,8.
In spite of the difficult worldwide economic conditions the Einhell group has reached to the year end of 2008 also a good result. This confirmed the sustainable profitability.
Einhell group continues to show up a very solid balance sheet structure with an equity-ratio of around 50%. Also the net debt of Einhell group has been further reduced.
At the general meeting a dividend of EUR 0.60 per preferred share and EUR 0.54 per common share will be recommended by the management board and the supervisory board.
Landau/Isar, 6 April 2009
Board of Directors
end of announcement euro adhoc
Further inquiry note:
Silvia Vaitl
09951-942-290
Branche: Wholesale
ISIN: DE0005654933
WKN: 565493
Index: CDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade