EANS-News: Einhell Germany AG / Einhell group

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companies

Landau/Isar (euro adhoc) - Information
for the business press
from Einhell Germany AG, Landau an der Isar,

. Einhell group is slightly behind the turnover of the previous year but
still very profitable
. High equity ratio
. Dividend
. New product lines
. Further expansion

Landau an der Isar, 07 April 2009

The Einhell group is slightly behind the turnover of the previous
year but still very profitable In spite of the difficult worldwide
economic situation and despite of a slight drop in turnover the
Einhell group has reached a very positive result in the year 2008.
The group turnover for the financial year 2008 amounts to EUR 358.5
million compared to the previous year of EUR 385.7 million. The
turnover of 2007 could not be reached in Germany, in the European
Union and Asia. The main cause for the drop in turnover was the
implementation of an anti- dumping-duty against Chinese compressors
as well as the general decline in the economic development in the
fourth quarter of 2008. In contrast the turnover increased in the
growth markets primarily in Eastern Europe. Top selling countries are
amongst others e. g. Croatia, Poland and Romania. In 2008, 65% of the
group turnover was realised outside Germany.

In the financial year 2008 the Einhell group reached a profit before
taxes of EUR 18.4 million (last year EUR 24.6 million). The profit
margin before tax amounts to 5,1% (previous year 6,4%).

The group's profit before minority's interests amounts to EUR 14.2
million compared to the previous year EUR 16.7 million. The profit
per share according DVFA amounts EUR 3.8 (previous year EUR 4.4)

Equity ratio Einhell group continues to show up a solid balance sheet
structure with a distinguished equity-ratio of around 50%. Also the
net debt of Einhell group has been further reduced. So the Einhell
group is best prepared for further expansion strategy.

Dividend

In spite of the difficult worldwide economic situation the management
wants to continue to retain the same dividend-strategy as in the
past. The board of directors suggests the annual shareholders meeting
a dividend of EUR 0.60 per preference stock and EUR 0.54 per common
stock.

New product lines

End of 2008 new product lines were launched to the market. The "Blue"
line stands for the high entrance price level and the "Red" line for
the medium price range. The positioning of Red Powertools is unique,
as these products can keep up with the top brand products regarding
design and quality but regarding the price, the products are more
competitive than the top brands in the do-it-yourself market. Beside
of the revised recognition value the new product lines also the
efficiency of logistics and distribution was improved.

Further expansion

An important topic in the long term strategy is the increase in
turnover with constantly good return. The Einhell group has reached
in the German market and also in the markets of some neighbouring
countries a very high penetration of the market. As these markets
stagnate so the Einhell group concentrates on new markets in foreign
countries. In 2008 new subsidiaries in Greece, Chile, the United Arab
Emirates, France, Denmark, Slovakia and Australia could be
established and integrated in the group structure. For the business
year 2009 the Einhell group has planed to establish one further
company in Brasil and also to realise a partnership with companies in
India and South America to enhance the possibilities of the
distribution.

In spite of the difficult worldwide economic conditions the Einhell
group reached to the year end of 2008 also a good result. This
confirmed the sustainable profitability. In consideration of the
difficult worldwide economic situation the business trend 2009 comes
up to the expectation of the Einhell group.

Landau a. d. Isar, den 07 April 2009

Board of Directors

Contacts

Jan Teichert Helmut Angermeier
Vorstand Prokurist
Postfach 1 50 Postfach 1 50
94402 Landau/Isar 94402 Landau/Isar
Tel.: 09951/942-108 Tel.: 09951/942-166
Fax: 09951/5817 Fax: 09951/942-293
E-Mail: Jan.Teichert@einhell.com E-Mail:
Helmut.Angermeier@einhell.com

end of announcement euro adhoc
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ots Originaltext: Einhell Germany AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Silvia Vaitl

09951-942-290

Branche: Wholesale
ISIN: DE0005654933
WKN: 565493
Index: CDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
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