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Leifheit Aktiengesellschaft: Leifheit AG off to a successful start to the financial year 2021
DGAP-News: Leifheit Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results
11.05.2021 / 09:20
Leifheit AG off to a successful start to the financial year 2021
Group turnover increased by 25.5% to EUR 86.2 million in the first quarter
Positive trend in Germany continued with turnover growth of 38.3%
First TV campaign for the Soehnle brand sees turnover growth of 52% in scales
Group EBIT almost doubled year-on-year at EUR 8.3 million
Forecast for 2021 remains unchanged: Group turnover growth of at least 5%, EBIT between EUR 20 million and EUR 24 million expected
Nassau, 11 May 2021 - Leifheit AG (ISIN DE0006464506), one of the leading brand suppliers of household products in Europe, continued its growth course in the first quarter of the financial year 2021, achieving significant increases in turnover and earnings. The Leifheit Group
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IMAGE: Simulation of a vertical-axis tidal turbine: the flow area shows the complex dynamics in the turbine rotor (Hoerner 2020) view more
Credit: Stefan Hoerner
Tidal hydroelectric power plants of the future will be able to generate green electricity significantly more efficient by using optimized turbines. Engineers from the University Otto von Guericke of Magdeburg are developing turbine blades with built-in motors. These integrated drives ensure that during each revolution, the turbine blades adjust optimally to the water flow, and thus avoid the dangerous stall condition.
This term describes the separation of flow away from the surface of turbine blades, airplane wings or rotor blades. Stall means that lift forces that power the turbines or keep a plane in the air suddenly drop, while the drag forces increase dramatically. In turbines, this leads to a loss of efficiency, and over longer periods of time, to material failures and fatigue fractures in the