HELMA Eigenheimbau AG raises its FY 2021 earnings forecast
HELMA Eigenheimbau AG raises its FY 2021 earnings forecast Lehrte, November 15, 2021 - At its meeting today, the Management Board of HELMA Eigenheimbau AG has decided to raise its earnings forecast for the 2021 financial year.
Based on a positive operating performance and a strong order book position in the current financial year, consolidated revenue is expected to be recorded at least 5 % above the previous guidance of EUR 300 million to EUR 310 million (FY 2020: EUR 274 million), leading to consolidated EBT of at least EUR 27.0 million (FY 2020: EUR 22.5 million). This would reflect more than 20 % year-on-year growth in consolidated earnings before taxes in 2021, to a level tangibly ahead of the previous guidance of EUR 25.5 million to EUR 26.0 million.
Despite current challenges in procurement markets - with which the entire real estate sector is having to contend - the HELMA Group also continues to perceive itself as well on its way to successfully implementing its medium-term growth strategy of achieving significant revenue growth over the coming years while maintaining high profitability.
Consolidated revenue of over EUR 400 million is expected by the 2024 financial year at the latest. Moreover, while expanding the revenue basis, ongoing profitability enhancement is to remain the focus, with the aim being to raise the EBT margin to a level of over 10 % by 2024. Accordingly, consolidated EBT would exceed EUR 40 million for the first time by the 2024 financial year at the latest.
Preliminary results for the 2021 financial year, as well as guidance for the 2022 financial year, will be released on March 2, 2022.IR contact: Gerrit Janssen, CEO Phone: +49 (0)5132 8850 345 Email: email@example.com
15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.deLanguage: English Company: HELMA Eigenheimbau AG Zum Meersefeld 4 31275 Lehrte
Germany Phone: +49 (0)5132/8850-345 Fax: +49 (0)5132/8850-111 E-mail: firstname.lastname@example.org Internet: www.helma.de ISIN: DE000A0EQ578 WKN: A0EQ57 Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Stuttgart, Tradegate Exchange EQS News ID: 1249068 ? End of Announcement DGAP News Service