HELMA Eigenheimbau AG publishes 2017 half-year report
HELMA Eigenheimbau AG publishes 2017 half-year report Lehrte, August 31, 2017 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, has today published its 2017 half-year report, where it reports on a continued positive trend in revenue and earnings. In the first half of 2017, the HELMA Group grew its revenue by around 7 % year-on-year, from EUR 103.0 million to EUR 110.1 million. Given continued good gross profit margins, consolidated EBIT adjusted for the disposal of capitalised interest rose by EUR 0.2 million to EUR 6.6 million in the first half of 2017. The net financial result amounted to EUR -0.4 million in the reporting period, leaving EUR 4.0 million of consolidated net income after minority interests (H1 2016: EUR 3.6 million). Earnings per share improved accordingly from EUR 0.90 to EUR 1.00. This corresponds to growth of around 11 %. As in previous years, and due to weather and project related conditions, the HELMA Group will generate most of its annual net income during the second half of the year in 2017.
On the sales side, the HELMA Group lies within its planned new order intake range as of the mid-year stage, which was published in the management report in March 2017. A new order intake of EUR 116.3 million was achieved in the first half of 2017 (H1 2016: EUR 120.6 million). This represents a slight year-on-year decrease of 3.6 %. While both HELMA Eigenheimbau AG and its subsidiary HELMA Ferienimmobilien GmbH report significant growth in the reporting period, new order intake at the subsidiary HELMA Wohnungsbau GmbH was down year-on-year, as expected, exclusively reflecting the concentration of the sales starts for numerous projects during the second half of 2017. It is expected that new order intake in the second half of 2017 will lie significantly ahead of new order intake during the first six months of the year, as in previous years.
The HELMA Group's order book position as per IFRS amounted to EUR 197.7 million as of June 30, 2017, around EUR 9.9 million above the previous year's level. This figure does not include EUR 154.6 million of revenue (June 30, 2016: EUR 120.9 million) from current building projects, which is already realised proportionally under IFRS. As in previous years, the highest IFRS order book position in the company's history as of the mid-year stage comprises a good starting position for strong revenue growth in the second half of the year.
Forecast confirmed: Based on the pleasing business trend during the first half of 2017 and the highest order book position in the company's history as of the mid-year stage, the Management Board of HELMA Eigenheimbau AG confirms the forecast that it has issued for the 2017 financial year. This includes an increase in consolidated revenue to EUR 290-300 million. With a look to the existing projects pipeline, the revenue guidance of EUR 325-340 million for the 2018 financial year, and of EUR 370-400 million for the 2019 financial year, is also confirmed.
The company's complete 2017 half-year report can be downloaded from the company's website (www.ir.HELMA.de) at the following direct link:
About HELMA Eigenheimbau AG: HELMA Eigenheimbau AG is a customer-oriented building services-provider offering a full range of services. The focus is on the development, planning, sale, and construction management of turnkey or partially completed detached and semi-detached houses using the solid construction method. Particularly the option of individual planning and individualisation without extra costs, as well as the company's outstanding know-how in the area of energy-efficient construction methods, are perceived on the markets as HELMA Eigenheimbau AG's unique selling propositions. With its persuasive sustainable energy concepts, the company has established itself as one of the leading providers of solar energy-saving homes, and is one of the most experienced companies in the solid construction house sector, having constructed several thousand owner-occupier homes. As a property development company, holiday home builder, and finance broker respectively, HELMA Wohnungsbau GmbH, HELMA Ferienimmobilien GmbH and Hausbau Finanz GmbH round out HELMA Group's product range.
Investor Relations contact: Gerrit Janssen, Management Board member/CFO Tel.: +49 (0)5132 8850 345 E-mail: email@example.com
31.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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)5132/8850-0 Fax: +49 (0)5132/8850-111 E-mail: firstname.lastname@example.org Internet: www.helma.de ISIN: DE000A0EQ578 WKN: A0EQ57 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt End of News DGAP News Service