EANS-News: Einhell Germany AG / Press release

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Landau/Isar (euro adhoc) - Information for business press
from
Einhell Germany AG,
Landau an der Isar

• Einhell group revenues slightly below previous year
• Group is furthermore very profitable
• Successful refinancing of the bonded loan
• Further international expansion
• Outlook

Einhell group revenues slightly below previous year

In the first nine months of the financial year 2009, the Einhell group earned
revenues of EUR 262.7 million. Due to the continuing unfavourable global
conditions, this is a very positive result.

Revenues of the previous year in the domestic German market, European Union and
in other countries were unable to match, due mainly to the effects of the
financial crisis in Eastern Europe. In comparison with the previous year,
revenues in Asia increased. The share of total Group revenues provided by
foreign countries in the first nine months 2009 was 60.1 %.

Group is furthermore very profitable

In the period January to September 2009, the Einhell Group earned profits from
operations amounting to EUR 13.5 million (previous year EUR 16.1 million). Thus
pre-
tax yield was 5.2 % (previous year 5.6 %). Group net profit after minority
interests in the first nine months 2009 amounted to EUR 11.0 million (previous
year EUR 10.8 million).

Earnings per share are calculated at EUR 2.9 per share (previous year EUR 2.9
per
share).

Successful follow-up financing of the bonded loan

Over the past half-year, the Einhell Group has been able to fulfil an important
strategic corporate goal: it has secured refinancing of the bonded loan that
expires in July 2009.

Favourable terms for long-term financing for EUR 40 million has been secured for
the next five years.

This provides the foundation for further international expansion.

Further international expansion

We are already preparing future growth strategies for Einhell. We already have
a sales subsidiary in Chile, which is showing positive operational growth and
we are working on a market entry in Brazil. We think that there is a strong
middle class with continually increasing buying power in both countries.

We are also developing business in other South American countries. In around
five years, South America will be one of Einhell`s growth areas at a time when
we expect growth rates in Eastern Europe might be less strong. This means that
we are already taking up a position in a strategically interesting developing
market. With our products, we will play a part in the development potential of
these countries.

Outlook

Even the Einhell Group is unable to avoid the effects of economic
circumstances. In particular, the weakening of private consumption in various
countries is having a significant effect on Group revenues. We are not
currently able to say when the effects of the financial crisis will pass.

However, the Einhell Group is countering difficult market conditions,
particularly weak consumer demand, with a new range of highly attractive
products. The introduction of new product lines allows us to increasingly meet
the needs of different groups of consumers. With improved quality and design,
the new products provide the basis for further growth and stability of the
Group.

Landau a. d. Isar, 26 November 2009

The Board of Directors

Contact:

Helmut Angermeier
Authorised representative
Post office box 1 50
94402 Landau/Isar
Phone: + 49 9951 942 166
Fax: + 49 9951 942 293
E-Mail: [email protected]

Further inquiry note:
Silvia Vaitl
Sekretariat Vorstand
Tel.: +49 (0)9951-942-290
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: Einhell Germany AG
Wiesenweg 22
D-94405 Landau/Isar
phone: +49 (0)9951 942 166
FAX: +49 (0)9951 942 293
mail: [email protected]
WWW: http://www.einhell.com
sector: Wholesale
ISIN: DE0005654933, DE0005654909
indexes: CDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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