Einhell Reports Record Revenue and Earnings for 2024

Einhell Germany AG closed the 2024 financial year with record results. The company's group revenue increased by 14.2% to EUR 1,109.7 million, while earnings before taxes rose by 30.6% to reach EUR 98.5 million. Furthermore, the pre-tax margin improved to 8.9% from the previous year's 7.8%. Notably, the EBIT increased by 24.8% to EUR 101.2 million. The equity ratio also saw a rise to 45.6%.

With a net cash position of approximately EUR 20 million, Einhell is debt-free. This financial stability allowed an increase in dividend distribution to EUR 1.50 per preference share and EUR 1.48 per ordinary share. A surge in demand in Western and Eastern Europe contributed significantly to these results.

Einhell remains focused on its strategy for 2025, which includes international expansion and developing the Power X-Change battery system. The company aims to widen its supplier network and has set up a production plant in Hungary to mitigate supply chain risks.