Einhell Germany (EIN) Q4 2025 earnings summary

Executive summary

• Revenue increased by 4.3% year-over-year to EUR 1,157.7 million, meeting the upper end of guidance.

• Earnings before taxes (EBT) rose to EUR 107.9 million, with a pre-tax margin of 9.3%, exceeding forecasts.

• Net income attributable to shareholders grew to EUR 76.5 million, up from EUR 65.1 million.

• Power X-Change products accounted for 54% of revenue, with continued expansion planned.

• The Group maintained a strong equity ratio of 50.4% and robust liquidity.

Financial highlights

• Revenue: EUR 1,157.7 million (2024: EUR 1,109.7 million), up 4.3% year-over-year.

• EBT: EUR 107.9 million (2024: EUR 98.5 million), pre-tax margin 9.3% (2024: 8.9%).

• Net income: EUR 76.5 million (2024: EUR 65.1 million).

• EPS: EUR 6.74 per ordinary share (2024: EUR 5.74).

• Cash and cash equivalents: EUR 90.4 million (2024: EUR 119.1 million).

• Equity: EUR 474.4 million (2024: EUR 444.3 million), equity ratio 50.4%.

Outlook and guidance

• Revenue for 2026 expected at approx. EUR 1,200 million, with a pre-tax margin of about 9.0%.

• Western Europe incl. D/A/CH: revenue growth of about 5% anticipated, with slightly lower EBT.

• Eastern Europe: revenue growth to EUR 147 million and margin improvement expected.

• Continued investment in product and brand development, IT, and infrastructure planned.

• Cautious outlook due to ongoing geopolitical and economic uncertainties.