[Translate to English:] Single Ad-hoc
Thursday 12. August 2010
Drucken

Ad-hoc-notice according to § 15 WpHG - Leifheit: results significantly up on previous year

• Continued focus due to sale of Bathroom Furnishings division

• EBIT from continuing operations up at € 7.7 million

• Consolidated turnover rises to € 105 million (excluding Bathroom Furnishings)

• Outlook: 2010 annual results tend towards previous year’s level despite sale of Bathroom Furnishings division

Note on the comparability of key ratios


Due to the sale of the Bathroom Furnishings division in the second quarter of 2010, this is classified as “discontinued operations”. In accordance with IFRS 5, the results for this division are now shown separately in the income statement. As a result, the income statement shows details only for the continuing operations, comprising the former Household Products division and the non-allocatable items (group functions). The figures for the previous year were adjusted accordingly. The statement of financial position for the period ending 30 June 2010 no longer includes the deconsolidated Bathroom Furnishings division. The Bathroom Furnishings division is, however, still included in the statement of financial position for the period ending 31 December 2009.


Nassau, 12 August 2010 – Leifheit AG presents its report today on the first half of 2010. The company has again increased turnover and all the important earnings components.

After the sale of the Bathroom Furnishings division in the first half of 2010, the company is now organised in the segments “Brand business” (Leifheit, Dr. Oetker Bakeware and Soehnle) and “Volume business” (Birambeau and Herby).


Results significantly outperform expectations


Consolidated turnover (excluding Bathroom Furnishings) grew by around 1 % to € 105 million, slightly above the comparable figure for the previous year (1st half of 2009 excl. Bathroom Furnishings: € 104 million, inc. Bathroom Furnishings: € 137 million). The foreign share was unchanged at 56 %.
EBIT from continuing operations was € 7.7 million. It includes unrealised foreign exchange gains from the revaluation of foreign exchange futures transactions amounting to € 2.1 million. Therefore adjusted EBIT was € 5.6 million, well above not only the comparable figure for the previous year (1st half 2009 excl. Bathroom Furnishings: € 0.9 million) but even the previous year’s figure including Bathroom Furnishings (€ 2.8 million).This positive trend is due particularly to the growth in Brand business, with a qualitative improvement in gross margin.

EBT from continuing operations rose in the period ending 30 June 2010 to € 6.6 million (1st half 2009 excl. Bathroom Furnishings: € -0.1 million, 1st half 2009 inc. Bathroom Furnishings: € 1.6 million).

The result for the period, primarily from the proceeds of the disposal and the result of the former Bathroom Furnishings division, increased significantly to € 15.6 million (1st half 2009: € 0.4 million).

Cash flow from operating activities was € 0.2 million (1st half 2009: € 28.5 million), and now includes changes in receivables and payables for the former Bathroom Furnishings division.


Brand business the mainstay of the group


Our strong brands Leifheit, Dr. Oetker Bakeware and Soehnle were again the mainstay of group success. With turnover of € 90 million, the brands matched the previous year (1st half 2009: € 90 million), which still included turnover of c. € 6 million from the former ladders business. Almost half (49 %) of turnover for the first half came from outside Germany. The growth rates in Austria and the USA offset the continuing declines in Eastern Europe. Cleaning products were particularly successful, benefiting from the success of the TV campaign for the twist system.

The contribution of Brand business to consolidated EBIT for the period ending 30 June 2010 rose significantly to € 7.3 million (1st half 2009: € 1.1 million).


Solid Volume business


Volume business, with articles previously distributed entirely outside Germany by Birambeau (kitchen) and Herby (laundry) grew almost 4 % year over year to €15 million (1st half 2009: €14 million). The segment’s share in consolidated turnover was stable at 14 %. In the first half of 2010, Birambeau managed to offset a missing special offer campaign in France from the previous year through turnover from its kitchen appliances. However, the loss of private label business in Spain partly diminished this positive effect. In the laundry business area, Herby further expanded its special offer and stockist business in France, generating growth of 10 %.

The contribution to consolidated EBIT for the period ending 30 June 2010 rose significantly to € 1.8 million (1st half 2009: € 1.4 million).


Moderate growth in second half


By end-2010 the company expects turnover to slightly exceed 2009 levels for the comparable segments.

Growth in earnings in the second half will be relatively moderate compared to the first half, as that included foreign exchange effects and nonrecurring effects from the sale of the Bathroom Furnishings division. However, the Board of Management is confident that earnings will tend towards previous year’s level even without the Bathroom Furnishings division. On a comparable basis (continuing operations excluding Bathroom Furnishings) the company will increase earnings in 2010, confirming the growth path in the core areas.


Leifheit benefiting from its core competence


Georg Thaller, Chairman of the Board of Management of Leifheit AG: “With the sale of the Bathroom Furnishings division, the Leifheit Group has returned to its focus on household products. Our brands – Leifheit, Dr. Oetker Bakeware, Soehnle, Birambeau and Herby – constitute our core business, and have actually increased earnings during the crisis, offering attractive returns in the long term. We see this as clear confirmation that our strategy of focus is the right one. We will continue to use strategic marketing measures and expansion into foreign growth markets in order to further consolidate our success.”


Additional information is available in the financial report for the first half year to 30 June 2010.

<- Back to: Ad-hoc Releases

CardIt is no longer in business and, according to Housing Wire, had difficulties for catering to troubled mortgage borrowers credit card company. Because credit cards become more attractive for high risk borrowers and less attractive for low risk borrowers we can expect the mix of debtors to become riskier as a whole credit card new. I joined the opera to get my union card and meet girls mastercard prepaid. Otherwise, the cardholder must pay a defined minimum proportion of the bill by a due date, or may choose to pay a higher amount up to the entire amount owed citi credit card. Individuals gain increased security and convenience when using smart cards designed for interoperability between services compare credit cards. Some laptops have a built-in smart card reader visa electron card. A fuel card with little or no motorway coverage but extensive coverage of metropolitan areas, for example, could be of limited use to a national haulier but ideal for a taxi company use credit card. Mantle, whose career was taking off just as Topps began producing baseball cards credit card review. Other products offered by the company are core data processing for financial institutions, online banking products, credit card and debit card processing, and manufacture and network infrastructure support credit cards online. Unsurprisingly, the ATC asked for Wagner's permission to have his picture on a baseball card balance transfer credit card. The credit card terminal of today has multiple facets mastercard online. Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets credit card balance transfer. Payment may be made at automated machines that accept money, credit cards, and debit cards credit card rates. Students receive cards corresponding to their grade level and the distance they live from the school balance transfer credit cards. Alex & Paul get two votes whilst Tom & Matt receive four and the red card top credit cards. Then after a decade or so later, playing cards was introduced and slowly membership increased credit card use. Visa Buxx is a prepaid card intended for use by teenagers top credit cards. Touts at stations can often be seen attempting to resell used Day Travelcards that they have been given by passengers who no longer need them best buy credit card. In the appeal the victim claims to be out of the country and has lost their passport, credit card, plane tickets, or had them stolen prepaid phone card. With the full set, companies could mail a single Cantor card each month for a year to their selected special customers as an ongoing promotion credit card fees. The health and social services access card is a proposed Australian Government non-compulsory health and social services access card credit card cash back. A good example of this is credit card companies capital one credit card. ChargeSmart COO Philip Mikal was previously co-founder of another San Franscisco-based company, CardIt credit card payment. This can cause problems when the mandate is used infrequently, for instance, taking a payment to settle the bill for a seldom used credit card credit card security. The receipts issued by the pumps, if not taken by the customer, often bear the number of the credit card used to make the purchase chase credit card. Maddison and Talon were able to find the clue cards first, while simultaneously convincing Ruby-Rae that they were still looking chase credit card. Popularity of the card had declined as other credit card options became available greendot. When issued through a bank, these cards may also act as debit cards by being associated with one or more linked personal accounts credit card number. The customer pays with a credit card or debit card credit card balance transfer. However, in order to cash out their discount the member must have a card registered to the program credit cards. In some cases, credit card issuers will offer incentives even on their secured card portfolios mastercard securecode. When he tests it by sending a Russian doll, it fails to teleport he tries it with a Gate Card and it teleports orchard bank credit card. This often resulted in their giving credit cards to customers who were already in debt to them, and they tended to attract high risk borrowers who tended to default on their debt payments apply for credit cards. One notable result has been the reduced use of reward cards and increased use of debit cards credit card numbers. Stolen cards can be reported quickly by cardholders, but a compromised account can be hoarded by a thief for weeks or months before any fraudulent use, making it difficult to identify the source of the compromise interest credit card. Skill cards are scanned after a beetle card has been scanned sears credit card. Since the CSC is not contained on the magnetic stripe of the card, it is not typically included in the transaction when the card is used face to face at a merchant cash back credit card. They are also used in passports, credit and bank cards as well as quality products citicards. Standard cards which can be purchased and used without any sort of account facility give a fixed amount of credit and are discarded when used up; rechargeable cards can be topped up, or collect payment in arrears credit card information. Permanent residents of the United States eighteen years of age or older must carry their valid physical green card itself at all times credit card rates. When consumers walk into a store and buy something, they typically swipe their credit cards, confirm the purchase amount, sign their name and leave with the merchandise application card credit. Typical applications of stored-value cards include transit system farecards, telephone prepaid calling cards or for micropayments in shops or vending machines capital one credit card. Pay-Point system and also at the Post Office for the Post Office card online credit card. Because of stronger than expected demand, general sales of Pasmo cards were halted in April 2007, less than one month after their introduction, in order to produce more cards free credit card. The magnetic strip is also often placed differently than on credit cards, so they cannot be read or written with standard equipment credit card offer. In some countries, it is compulsory to have an identity card when a person reaches a prescribed age visa cards. MBNA virtually invented the process for securitizing credit card debt and this process contributed significantly to the fast growth of the company credit card balance transfers. When use of the card is no longer needed, the jack can be pushed back into the card and lock in place, protecting it from damage citibank credit cards. If the beetle's skill point is lesser than the skill point of the card, the result will a bad compatibility credit card applications. However, expiration dates from differing introductory periods on different cards will inevitably become staggered and overlap with time shell credit card. Card Case allows customers to view merchant menus, do mobile payments, receive virtual receipts, and discover other Square-enabled merchants visa cards. Some companies like American Express offer custom designs on the cards for businesses wishing to add their logo credit card account. Making or recording a payment using the card for public transport or purchases at Octopus-enabled retailers can be done by holding the card against or waving it over an Octopus card reader from up to a few centimetres away without the user taking out the card credit card review. If no micro chip is placed on the card, the transaction goes directly above the magnetic head atm card. Members argued that Aeroplan had already been paid for the miles through the selling partner by virtue of the retail pricing and by fees charged for certain collector credit cards credit card bank. For very small amounts, this means it is cheaper for a merchant to accept a credit card than a debit card credit card account. Roger became a suspect in Stanley Norris' murder after it was found out the gun used to kill Stanley was bought with Roger's credit card credit debit card. This branch post office, however, will not accept payment by credit card or debit card and only recently began accepting payment by check prepaid sim card. ATM cards, fuel cards and fleet cards are accepted citibank credit cards. SparkBase is in the closed system prepaid card part of the gift card industry, offering a software as a service stored-value payment processing network for specialty gift cards, customer loyalty programs, and community rewards programs online credit cards. Meadow later comes clean, but she selects her own punishment by allowing her parents to take away her Discover Card for three weeks credit cards no. He then tries to make a card using glitter as well as the heart credit card company. Cardinal CookePreempted May credit card cash. Danish citizens are not, by law, required to carry an ID card visa credit cards. The British police failed to provide this information to the defendants, and in some cases implied that they had checked and found no evidence of credit card fraud when no such check had been done credit card application. In many situations, the card works like a credit card but without fees for the cardholder prepaid sim card. Airlines, Hotels and other loyalty schemes also offer cards credit card visa. Smart cards are the same size as a credit card prepaid visa cards. The ID card serves as a travel document for international travel between a limited number of countries cash back credit card. This way, if a database of transactions is compromised, the CVV2 is not included, and the stolen card numbers are less useful greendot. Some fees are set by the merchant account provider, but the majority of the per-item and percentage fees are passed through the merchant account provider to the credit card issuing bank according to a schedule of rates called interchange fees, which are set by Visa and Mastercard credit card information. PIN and card, rather than on the bank having to prove that the signature matched mastercard securecode. Most hotels in large cities accept foreign credit cards but some domestic hotels and domestic chain hotels do not prepaid calling card. Veck is revealed to be a double agent and the ringleader of the hijackers, and plans to use the credit card codes from all the stores in the mall to steal $30 million and later fly to the Cayman Islands and takes the hostages with him credit card for bad credit. Developing the manufacturing steps needed to mass produce the large number of cards required credit card offer. Despite his success in music, Card has always maintained that his music career is secondary to his calling as a Bible teacher secured credit cards. Instead, Perfect 10 sued the financial institutions which process credit card payments to these websites credit card interest. Later took part in a card game at Satriale's that took place as Tony rejoined the crew prepaid credit cards. The use of a debit card system allows operators to package their product more effectively while monitoring customer spending new credit card. Other extraordinary materials are metal, rubberized cards, rubber, magnets, poker chips, wooden nickels, and even real wood debit mastercard. Such software typically contains design, layout tools, and text editing tools for designing one's business cards payment card. TitleMax serves individuals who generally have limited access to consumer credit from banks, thrift institutions, credit card lenders and other traditional sources of consumer credit citi credit cards. Upon the listing, MasterCard sold its stake in the Company credit card debt. Such information can be in the form of name, date of birth, signature, credit card number, debit card number, SIN, or other information applying for credit card. Before the cleaning card is fed in, the spring system is put under tension manually debt card. Continental also entered the credit card authorization business in 1981, with the purchase of National Bancard Corporation new credit card. Mastercard branded debit cards with the EMV Chip compliant ones compared to the magnetic stripe system in place premier credit card. CardIt is a California limited liability corporation with headquarters in San Francisco gas card. The bank or other financial institution issues credit cards to buyers that allow any number of loans up to a certain cumulative amount card offers. The last part of the challenge was to jump out of the helicopter into the water, swim to where the pilots were, and get a clue card, which were around the pilots' necks prepaid visa card. Credit cards and mortgages can even be approved before arrival best credit card. Justine gets Sally interested in cardboard temporary homeless shelters but their idea is rebuffed by a civil servant prepaid visa cards. Identity cards were first proposed in the mid 1980s for people attending football matches, following a series of high profile hooliganism incidents involving English football fans direct debit. Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard using the Neteller debit card that is part of the account visa check card. Liberal Democrat Coalition formed after the 2010 general election announced that the ID card scheme would be scrapped first credit card. The first smart card driver's license system in the world was implemented in 1987 in Turkey chase credit card. Cryptographic smart cards are often used for single sign-on citibank credit cards. Wagner, along with his famous baseball card, was one of the earliest athletes to make the crossover into pop culture film mastercard debit. Citibank currently issues several American Express cards including an American Airlines AAdvantage co-branded card business credit card. Governments and large businesses often use charge cards to pay for and keep track of expenses related to official business; these are often referred to as purchasing cards visa credit cards. Personalized cards are re-loadable in a variety of ways credit card fee. From dominance of the card punches, readers, tabulators, and printers, IBM extended to dominance of the mainframe computer market, and then to the operating systems and application programs for computers apply for credit cards. Prepaid phone cards are provided by various telecom companies credit cards bad credit. It works similarly to a cashback discount recognition card with one noteworthy exception: the gasoline discount is frequently applied each month, whereas most cashback cards ship away discount checks formerly a year walmart credit card. This is because the merchant has obtained an authorization from the individual's bank by swiping the card through its credit card terminal mastercard gift card. An increasing concern with gift cards are their environmental impact visa debit cards. While myki is being rolled out, myki cards and top-ups can be purchased from a limited number of outlets credit card number. Each Oyster card is uniquely numbered, and registration is required for monthly or longer tickets, which are no longer available on paper america credit card. Alternatively, commuter transportation benefit providers offer transit benefit products like transit vouchers and transit debit cards for sale to employers that can be used by employees to purchase transit passes from any transit operator in an area credit card transfer. Federal agencies would reject licenses or identity cards that do not comply, which would force Americans accessing everything from airplanes to national parks and some courthouses to have the federally mandated cards credit card information. Cards come in various denominations of Points, depending on the country credit card charges. The card is valid for 3 years and subject to annual renewals credit card limit. Nick gets home to Dallas after having two credit cards confiscated, and finding out his Thunderbird was gone, and wonders what is going on prepaid gift card. This data processing was accomplished by processing decks of punched cards through various unit record machines in a carefully choreographed progression citi credit card. At that time, Bull had 1,200 patents related to smart cards applying for a credit card. Such an arrangement is attractive to the consumer because the new bank or credit card issuer will offer incentives such as a low interest or interest-free period, loyalty points or some such other device or combination of incentives best buy credit card. The card is made of plastic, generally polyvinyl chloride, but sometimes acrylonitrile butadiene styrene or polycarbonate citibank credit cards. There was a change in the day's vote and whoever receives the most nominations would be automatically red carded, regardless of whether they already have a yellow or not business credit cards. The facility code is a unique number common to all of the cards in a particular set credit card use. It includes a comprehensive comparison of the fees, features, interest rates and reward programs of nearly 200 credit cards available in Canada paypal credit card. Boston held the Cardinals' offense to only three runs in the final three games and never trailed in the series mastercard debit. IEC 7816 smart cards, which transmit digital signals to the receiver to decrypt the programming for viewing debit mastercard. Members argued that Aeroplan had already been paid for the miles through the selling partner by virtue of the retail pricing and by fees charged for certain collector credit cards business credit cards. Even fewer banks process credit cards credit card fee. PeopleThe contestant uses playing cards from a standard deck to bid on a car credit card interest. Visa Electron and International Maestro cards are not accepted on any portable equipment due to the need for online authorisation orchard credit card. Internet gambling, and attempts by Americans to use credit cards at Internet gambling sites are usually rejected online credit cards. However, the emergence of closed system prepaid cards has blurred the applicability of APL customer credit card. Modern solid-state electricity meters, in conjunction with smart cards, have removed these disadvantages and such meters are commonly used for customers considered to be a poor credit risk credit and debit. Limited usage data is stored on the card apply for credit cards. The frequent traveller card is given to all Miles & More customers that received a total of over 35,000 status miles in one calendar year bad credit credit card. Another pressure was the increased availability of bank credit cards prepaid credit card. Provisions addressing credit card practices aim to enhance protections for consumers who use credit cards and improve the credit card disclosures under the Truth in Lending Act:CVV may refer to:At the time it was the largest computer hack in history credit card limit. On the other hand the use of a credit card, whose main purpose is similar to money, allows for the creation of highly detailed records about the card owner credit card balance transfers. After he sees her pawing Benny Fazio at the bar, Artie tells her that he cannot help expedite her green card process any further how to get credit card. Users pay using an online transaction via a major credit card, debit card, or PayPal virtual credit card. Single journey tickets and octopus card reloads can be purchased at vending machines while tourist passes, octopus cards and other special tickets must be purchased at the ticket counter mastercard prepaid. Credit card debt has increased steadily credit card free. By the mid-1950s, Williams was the senior vice president in charge of a group that had the unofficial task of creating the nation's first all-purpose credit card how to get credit card. The apps may work with hardware devices known as swipers or credit card readers to transfer the credit card track data to the app first credit card. EasyCards are accepted in government-run parking lots and some privately-run parking lots company credit card. The bill takes place as governments are growing more interested in implanting technology in ID cards to make them smarter and more secure visa debit card. Smart cards are not always a privacy-enhancing technology, for the subject carries possibly incriminating information about him all the time credit card no. This card was novel in that prior to this launch, a debit card was always tied to a traditional financial institution rewards credit cards. Unlike the nanaco card issued by Seven & I Holdings, the basic Waon card can be purchased without any registrations debit card with. However, since then, survival rates for LAS' witnessed cardiac arrests have tripled across Greater London black card. This is superficially similar to an automated teller machine at a bank, but a stored value card is more closely analogous to a change purse than an ATM card credit card fee.