Einhell Germany AG, the Bavaria-based cordless power tools and battery platform group, reported a 1.5% increase in revenue to EUR 910.9 million for the first nine months of 2026, up from EUR 897.7 million in the prior-year period. The SDAX-listed company posted earnings before taxes and before PPA effects of EUR 85.5 million, while its equity ratio strengthened materially to 55.9%. Einhell confirmed its full-year 2026 revenue guidance of approximately EUR 1.2 billion and specified its pre-tax margin expectation at approximately 8.5 to 9.0 percent, giving investors a clearer picture of near-term profitability.

Key Points

  • Einhell Germany AG (0N9F), SDAX-listed, headquartered in Landau/Isar, Bavaria
  • Group revenue rose 1.5% to EUR 910.9 million in the nine months to 30 September 2026
  • Full-year 2026 revenue guidance confirmed at approximately EUR 1.2 billion; pre-tax margin specified at 8.5–9.0%
  • Investors may watch the progress of Power X-Change's share of Group revenue and the planned Schuldschein loan repayment

Western Europe Drives Profitability as Einhell Reports EUR 547.5 Million Segment Revenue

The Western Europe segment, encompassing Germany, Austria and Switzerland, was the standout performer in the period. Segment revenue grew 5.4% to EUR 547.5 million from EUR 519.7 million, while earnings before taxes in the segment rose from EUR 50.7 million to EUR 63.2 million. The announcement highlights significant revenue growth in Portugal, Spain, Italy and the United Kingdom as contributing markets. CFO Michael Brunner stated in the announcement that growth in Western Europe and the significant increase in profitability there demonstrate that the company's strategy is working, while also noting the strengthening of its financial position.

Power X-Change Battery Platform Reaches 58% of Group Revenue, Targeting 500 Products by 2029

Einhell's proprietary Power X-Change cordless battery platform, which currently spans more than 350 tools compatible with a single battery, continued to expand its share of Group revenue, reaching approximately 58% in the first nine months of 2026 compared with 52% in the equivalent prior-year period. In Germany, Power X-Change accounted for 71% of revenue, while Austria recorded an 83% share. The company targets a product range of more than 500 items under the platform by the end of 2029 and aims for Power X-Change to account for more than 70% of Group revenue in the medium term.

Net Cash Position of EUR 43.1 Million Supports Planned EUR 50 Million Schuldschein Loan Repayment

Einhell's balance sheet strengthened during the period, with the equity ratio rising from 50.4% at end-2025 to 55.9% as of 30 September 2026. Cash and cash equivalents stood at EUR 129.7 million against bank liabilities of EUR 86.7 million, producing a net cash position of EUR 43.1 million. The company stated its intention to repay a EUR 50 million Schuldschein loan due to mature at the end of 2026, a move that would further reduce financial liabilities. EBIT edged slightly higher from EUR 88.4 million to EUR 88.7 million over the nine-month period.

October Trading and Full-Year 2026 Outlook Confirmed at Approximately EUR 1.2 Billion

The announcement disclosed that Einhell generated revenue of approximately EUR 122 million in October 2026 alone, providing an early indication of fourth-quarter trading momentum. The Group confirmed its full-year 2026 revenue forecast of approximately EUR 1.2 billion and refined its pre-tax margin guidance to approximately 8.5 to 9.0 percent. Continued international brand development and expansion of the sales network into high-growth regions remain stated strategic priorities. A CFO-led earnings call was scheduled for 11 November 2026 to present nine-month results and the outlook for the remainder of the year.