Leifheit (LEI) Q3 2025 earnings summary

Executive summary

• 9M turnover fell 10.8% to €179.0m amid weak consumer demand, low retail traffic and portfolio adjustments.

• 9M EBIT was €5.4m, or €6.9m before €1.5m of production-optimisation costs; adjusted gross margin improved 0.2 pp to 44.5%.

• SUPERDUSTER, D2C e-commerce and BLACK LINE supported growth in selected categories.

Financial highlights

• 9M turnover was €179.0m versus €200.8m; gross profit was €78.3m versus €88.9m.

• 9M EBIT was €5.4m versus €10.3m; adjusted EBIT before special items was €6.9m versus €10.3m.

• Net income was €3.2m versus €6.8m; EPS was €0.35 versus €0.72.

• Q3 EBIT rose to €3.4m from €3.3m despite turnover falling to €55.6m from €65.8m.

• 9M operating cash flow was €8.3m; investing outflow was €4.9m and free cash flow was €3.3m versus €14.3m.

Outlook and guidance

• FY 2025 turnover guidance was revised to a 10%–12% decline from 5%–8%; segment forecasts are Household -10%–12%, Wellbeing -16%–18% and Private Label -11%–13%.

• FY 2025 EBIT guidance remained €9m–€11m, with free cash flow expected in the mid-single-digit millions.

• Mid-term targets remain sales CAGR of 3%–6% and EBIT margin of 7%–10%; the €300m sales ambition may be delayed by a year.

• Q4 priorities include marketing core-category bestsellers and expanding e-commerce; a brand relaunch and new products are planned for Q1 2026.