Leifheit (LEI) Q4 2025 earnings summary

Executive summary

• FY 2025 turnover was €232.6m, down 10.3%; reported EBIT was €10.0m and EBIT before special items was €11.6m. Management described Q4 as an early signal of trend reversal.

• Cost discipline and efficiency measures supported profitability despite weaker sales; the next strategy phase targets growth through brand relaunch, innovation and operational improvements.

Financial highlights

• FY 2025 turnover was €232.6m versus €259.2m in FY 2024, down 10.3%; Q4 turnover was €54m, down 8.2% YoY.

• Reported EBIT fell 16.9% to €10.0m; EBIT before special items declined 3.4% to €11.6m. EBIT margin was 4.3% versus 4.7%.

• Gross margin rose to 45.1% from 44.5%; before special items, it improved to 45.7%.

• Net result was €6.2m versus €8.0m, down 22.4%; EPS was €0.68 versus €0.85, down 20.0%.

• Gross margin improved 1.2 percentage points YoY; costs below gross margin fell ~10%, while €1.6m of costs related to transferring injection molding to Czechia.

Outlook and guidance

• FY 2026 Group and Household turnover are expected to grow slightly; Wellbeing is forecast to decline mid-single digits and Private Label to grow high-single digits.

• FY 2026 EBIT and free cash flow are forecast at 2025 levels: €10.0m and €6.4m, respectively.

• Higher marketing investment, particularly in H1 2026, and higher input costs are expected to weigh on results; efficiency measures and FOCUS are intended to support margins and resilience.

• Mid-term potential: sales growth of ~3–6% CAGR and EBIT margin of ~7–10%; Vision 2030+ targets sales above €300m and EBIT margin above 10%.