Einhell Germany (EIN) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 revenue of EUR 302.8 million, up 12.4% year-over-year, driven by strong demand for Power X-Change products.

• Earnings before taxes (EBT) rose 26.5% to EUR 28.6 million, with a pre-tax margin of 9.5%.

• Net income after minority interest reached EUR 20.0 million, up from EUR 15.9 million in Q1 2024.

• All segments and regions reported revenue growth compared to the same period last year.

Financial highlights

• Revenue: EUR 302.8 million (Q1 2025) vs. EUR 269.5 million (Q1 2024), +12.4%.

• EBT: EUR 28.6 million (Q1 2025) vs. EUR 22.6 million (Q1 2024), +26.5%.

• EBIT: EUR 30.1 million (Q1 2025) vs. EUR 23.7 million (Q1 2024), +27.0%.

• Earnings per share: EUR 1.8 (Q1 2025) vs. EUR 1.4 (Q1 2024), +28.6%.

• Net debt increased to EUR 64.9 million from EUR 60.7 million year-over-year.

Outlook and guidance

• Full-year 2025 revenue expected at EUR 1,160 million (2024: EUR 1,109.7 million).

• EBT margin forecasted at 8.5%–9.0% (2024: 8.9%).

• Power X-Change platform targeted to exceed 70% of revenue by 2027.