Einhell Germany (EIN) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 increased by 0.9% year-over-year to EUR 636.2 million, with Power X-Change products accounting for 56% of total revenue, up from 53% in the prior year period.

• Earnings before taxes and PPA effects remained flat at EUR 62.6 million; including PPA, EBT was EUR 62.0 million, a 0.4% increase year-over-year.

• Net income attributable to shareholders was EUR 43.3 million, slightly down from EUR 43.7 million in H1 2025.

• The Group maintained a strong equity ratio of 56.6% as of June 30, 2026, up from 50.4% at year-end 2025.

Financial highlights

• EBIT rose 1.7% year-over-year to EUR 65.3 million.

• Earnings per share decreased by 2.6% to EUR 3.8.

• Cash and cash equivalents increased to EUR 97.9 million from EUR 90.4 million at year-end 2025.

• Net debt improved significantly, moving from EUR 4.7 million to EUR -6.7 million.

• Operating cash flow for H1 2026 was EUR 23.6 million, a substantial improvement from negative EUR 48.2 million in H1 2025.

Outlook and guidance

• The Group expects to achieve full-year 2026 revenue of EUR 1.2 billion and a pre-tax margin of approximately 9.0%.

• Management remains optimistic about continuing positive performance in H2 2026 despite subdued economic conditions and external uncertainties.

• Power X-Change platform is targeted to exceed 70% of total revenue in the medium term, with over 500 products by 2029.