Germany's Leifheit cuts 2026 outlook as market declines

By Reuters News


Overview

  • Germany household products maker's preliminary 9M 2026 revenue and EBIT declined yr/yr

  • Company revised full-year 2026 forecast, now expects mid-single-digit percentage turnover decline

  • Full-year EBIT forecast lowered due to special items from FOCUS program and management changes


Outlook

  • Leifheit now expects 2026 turnover to decline mid-single-digit percent from EUR 232.6 mln

  • Company lowers 2026 EBIT forecast to between EUR -5 mln and EUR -6 mln, including special items

  • 2026 free cash flow now seen between EUR -1 mln and EUR -2 mln, down from prior EUR 0 mln forecast


Result Drivers

  • MARKET DECLINE - Co cited continued market decline as reason for lower turnover and revised outlook

  • SPECIAL ITEMS - EBIT forecast includes about EUR 7 mln in special items from FOCUS program and management contract termination

  • COST REDUCTION MEASURES - Reduction in management board size expected to contribute to sustainable cost reduction


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 169.10 mln

9M EBIT

-EUR 2.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the household products peer group is "buy"

  • Wall Street's median 12-month price target for Leifheit Aktiengesellschaft is €19.00, about 91.1% above its October 21 closing price of €9.94

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Oct 20 - Germany's Adidas raises full-year profit outlook after record quarter

  • Oct 21 - German economy likely stagnated in Q3, Bundesbank says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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