Einhell Germany (EIN) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached EUR 310.9 million, up 2.7% year-over-year, with Power X-Change products driving growth and their share rising to 55% of total revenue.

• Earnings before taxes (EBT) before PPA were EUR 29.1 million, with an EBT margin of 9.4%; after PPA, EBT was EUR 28.8 million.

• Net profit after minority interest was EUR 20.0 million, and earnings per share remained stable at EUR 1.80.

Financial highlights

• Adjusted revenue growth was 4.5% year-over-year, reflecting positive operating performance.

• Personnel expenses increased to EUR 40.2 million, and other expenses rose to EUR 60.6 million, mainly due to warehousing, freight, and advertising.

• Cash and cash equivalents decreased to EUR 55.0 million from EUR 90.4 million at year-end 2025.

• Equity increased to EUR 517.1 million, with an equity ratio of 55.0%.

Outlook and guidance

• Moderate revenue growth is expected for the full year, with 2026 revenue guidance at approximately EUR 1,200 million and a pre-tax margin of about 9.0%.

• The company remains cautious on earnings due to subdued consumer spending, especially in Germany.