Leifheit (LEI) Q1 2025 earnings summary

Executive summary

• Q1 turnover fell 3.3% YoY to €63.7m amid weak consumer sentiment, product-range adjustments and a major retail customer’s insolvency.

• Gross margin rose 0.9 percentage points to 45.6%; EBIT was €3.1m versus €3.4m, and FY2025 guidance was confirmed.

Financial highlights

• Turnover was €63.7m versus €65.9m; gross profit was €29.1m versus €29.4m.

• EBIT was €3.1m versus €3.4m; EBT was €2.8m versus €3.1m, net result €2.0m versus €2.2m, and EPS €0.22 versus €0.23.

• Other operating income was €0.2m versus €0.8m, including prior-year patent-infringement compensation; foreign currency result was -€0.2m versus +€0.3m.

• March was the strongest revenue month of Q1; costs were below Q1 2024.

Outlook and guidance

• FY2025 guidance confirmed: turnover growth of 2%–4%, EBIT of €15m–€17m and free cash flow in the upper single-digit millions.

• Mid-term targets are ~3%–6% sales CAGR and ~7%–10% EBIT margin; 2030+ ambition exceeds €300m sales and 10% EBIT margin.

• Growth priorities include mechanical cleaning and drying, innovation, e-commerce expansion, priority markets and efficiency measures; Household, Wellbeing and Private Label turnover forecast on par with FY2024.