EQS News: Half-year report: Einhell continues on growth path Page 1

Landau ad Isar, August 22, 2024 – The Einhell Group has succeeded in significantly increasing its turnover by EUR 100 million in the first half of the 2024 financial year. 525.9 million to EUR 576.2 million, thus continuing its growth strategy unabated in a difficult macroeconomic environment. The main growth driver is the successful Power X-Change battery platform. The share of Power X-Change products in total sales in the first half of 2024 was already around 51%, an increase of five percentage points compared to the same period last year. In the reporting period from January to June 2024, the Group generated a profit before tax (EBT) of EUR 50.1 million, compared to EUR 44.3 million in the previous year period. The pre-tax margin is therefore 8.7 percent (last year: 8.4 percent).

Power X-Change sales engine

Andreas Kroiss, CEO of Einhell Germany AG: “In the second half of the year, the main focus of our growth strategy will continue to be on our hugely successful Power X-Change platform. Many years ago, we were among the first to recognize the need for battery-powered solutions for DIY enthusiasts and hobby gardeners and positioned ourselves as the category leader with our Power X-Change products. Today, we offer more than 300 battery-powered tools and gardening equipment, inspiring customers in each of our sales countries with our concentrated battery expertise and cordless freedom. By the end of 2027, we plan to expand our platform to 450 tools, all compatible with the same battery. This business strategy will continue to generate sustainable growth for Einhell.”