Einhell (P/E ratio of 11) is a bet on increased consumption and construction - strong 2024 figures and outlook!

Einhell (i) (WKN A40ESU) is known for its tools and garden equipment. The business with Power-X-Change products, which have a universal battery and promise higher margins, has been positive in the past. Those who use the product family will come back to it to avoid having to buy a new battery and charger. The figures for 2024 are very encouraging, as they show strong growth in a weak economic environment. In 2024, revenue grew strongly by 14% to €1.108 billion, and the pre-tax profit increased by 31% to €98.5 million. The net profit should...