Leifheit AG Reports Profitability Surge in 2024

Leifheit AG, a leading European brand supplier of household products, saw a significant boost in profitability in 2024. The firm’s EBIT doubled to EUR 12.1 million, with a notable increase in free cash flow to EUR 14.2 million. Group turnover saw a slight rise to EUR 259.2 million. These results were driven by improved gross margins, enhanced productivity, and a new corporate strategy focusing on innovation in core segments and e-commerce expansion.

The household segment grew by 0.7%, while the private label segment saw a 3.3% increase. However, the wellbeing segment experienced a 10% decline in turnover. Regionally, turnover increased in Central and Eastern Europe but fell in Germany due to a weak consumer environment.

Leifheit plans to propose an increased ordinary dividend and a special dividend to shareholders. The company remains optimistic for 2025, expecting turnover growth between 2-4% and EBIT to reach EUR 15-17 million.