Einhell Germany (EIN) Q4 2024 earnings summary

Executive summary

• Revenue grew 14.2% year-over-year to €1,109.7 million, exceeding forecasts.

• Earnings before taxes (EBT) rose to €98.5 million, with a pre-tax margin of 8.9%.

• Strong demand for Power X-Change products, now 50% of group revenue.

• All regions and segments contributed to growth, with Western Europe and Eastern Europe showing notable increases.

• The group maintained a robust equity ratio of 45.6%.

Financial highlights

• Revenue: €1,109.7 million (2023: €971.5 million), up 14.2% year-over-year.

• EBT: €98.5 million (2023: €75.4 million), up 30.6% year-over-year.

• Net income: €65.1 million (2023: €50.5 million).

• EPS: €5.74 per ordinary share (2023: €4.45).

• Cash and cash equivalents: €119.1 million (2023: €99.4 million).

• Net cash position: €20.2 million (2023: net debt of €9.6 million).

Outlook and guidance

• 2025 revenue expected at approx. €1,160 million, with a pre-tax margin of 8.5% to 9.0%.

• Western Europe revenue to remain stable; Eastern Europe and Overseas expected to grow.

• Continued investment in product and brand development, especially Power X-Change.

• Ongoing focus on international expansion and digital transformation.