Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Sales: Leifheit said first-half turnover fell 5.8% in a very weak market, with management saying results were below initial expectations and reflecting softer consumer demand and tough channel dynamics.

Margin: Gross margin improved again and reached 46.2%, which management said was sustainable, though higher raw material and container costs are expected in the second half.

Profitability: First-half EBIT was minus EUR 2.7 million, mainly because of heavier marketing spending, freight costs tied to D2C growth, and strategic project costs.

Outlook: Full-year guidance was cut to slight revenue decline, EBIT stable at 0, and free cash flow breakeven, with management pointing to restructuring costs and a difficult macro backdrop.

Strategy: Leifheit is pushing three big initiatives: the brand relaunch, the FOCUS efficiency program, and a possible divestment of non-core businesses.

Cash & Dividend: Free cash flow was minus EUR 7.3 million in the first half, but management still expects breakeven for 2026 and said it is not changing its dividend policy.

Key Financials
Turnover
minus 5.8%
Gross margin
46.2%
EBIT
minus EUR 2.7 million
Free cash flow
minus EUR 7.3 million
Investments
EUR 2.3 million
Dividend
EUR 1.20 per share
FOCUS savings
EUR 7.5 million annual recurring savings
FOCUS implementation cost
EUR 9.6 million
Headcount reduction
up to 70 positions and FTEs
Core category growth
4% CAGR
DIY growth
7.5%
B2C growth
33%
Private Label growth
6%
Germany sales
minus 9.2%
Central Europe sales
minus 3.7%
Poland sales
mid-single-digit positive
Market decline in Q2
around minus 8%
Market decline in core categories
5% to 6%

Other Earnings Calls

2025