News detail

HELMA Eigenheimbau AG / Key word(s): Half Year Results
28.09.2011 / 08:50

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HELMA Eigenheimbau AG reports significant revenue and earnings growth in the first half of 2011

++ Revenue up 48.5% to EUR 43.4 million ++
++ EBIT improvement of EUR 1.16 million to EUR 0.82 million ++ ++ Sales grow 9% to EUR 53.7 million ++

Lehrte, September 28, 2011 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, has today published its consolidated results for the first six months of the 2011 financial year. Revenue rose from EUR 29.2 million in the previous year to EUR 43.4 million. Due to land acquisitions, the changes in stocks of finished goods and work in progress were also up by EUR 1.5 million year-on-year to reach EUR 5.2 million, as a consequence of which the total output of the HELMA Group increased to EUR 48.6 million in the first half of 2011 (H1 2010: EUR 33.0 million). On the basis of this significant growth in total output, the first-half earnings before interest and taxes was improved from EUR -0.34 million to EUR 0.82 million. It should be noted in this context that the first half of the year is typically subject to significantly greater weather-related restrictions to construction activity than the second half of the year. Due to the continued high level of the order book, which results from a tangible increase of 9% in the net order inflow in the first six months of the current financial year to reach EUR 53.7 million, the significantly stronger second half of the year in terms of revenue and earnings (as in previous years) has yet to come.
SUCCESSFUL IMPLEMENTATION OF STRATEGIC EXPANSION OF PROJECT BUSINESS:
The revenue shares of the individual Group companies developed in line with our plans. For instance, the classic building services business remains the main pillar of revenue with around three quarters of total revenue, although the share of the high-margin project business has already been expanded to around 25% (H1 2010: 12.9%). The project business, where HELMA offers its customers an attractive plot of land together with an individual solid-construction house as a total package is currently our strongest growth-driver, as expected. Extensive land purchases in the first half of the year have also allowed the company to create the basis for significant growth in this area over the coming years. The financial preconditions for this growth have also been successfully realised in recent months with the complete placing of the HELMA bond, and the ten percent capital increase.
In addition, recently formed HELMA Group subsidiaries have performed very well in the first half of the year. For example, HELMA has rapidly integrated Hausbau Finanz GmbH into the HELMA Group. This company was acquired in the second half of 2010, and acts as a financing broker. Already around 35% of all HELMA customers are concluding their house financing through this financing subsidiary of HELMA Eigenheimbau AG, as a consequence of which this subsidiary is profitable from the start, and also optimally rounds out the portfolio of services provided by the HELMA Group. HELMA Ferienimmobilien GmbH, which was founded at the start of this financial year, has already been positioned promisingly, and its first holiday project has been started successfully at Glowe on the island of Rügen. As a consequence, HELMA can easily achieve its forecast of generating revenue of more than EUR 10 million in the holiday real estate area from as early as the 2012 financial year, since further projects are already in the specific planning stage.

POSITIVE OUTLOOK:

The revenue forecast for the HELMA Group that was published in March 2011 was confirmed given the satisfactory order book position as of the mid-year stage, the current progress that the company is making in processing orders, and the expectation of a significantly stronger second half to the year compared with the first half, as has been experienced in previous years. Assuming that there are no significant early restrictions on building activity due to weather conditions towards the end of the year, HELMA continues to anticipate significant revenue growth from EUR 74.5 million to around EUR 100 million for the 2011 financial year. Presupposing stable gross margins, this would imply a significant profitability enhancement given a further fall in cost ratios, and growth in consolidated EBIT from EUR 2.7 million to around EUR 5.0 million.
The complete 2011 semi-annual report of HELMA Eigenheimbau AG is available for downloading on the company's website (www.HELMA.de) in the Investor Relations area, as well as at the following direct link.
http://www.helma.de/fileadmin/user_upload/Helma_IR/hb2011e.pdf

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 113
E-mail: ir@helma.de


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Language: 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: info@helma.de Internet: www.helma.de ISIN: DE000A0EQ578 WKN: A0EQ57 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry Standard in Frankfurt  
 
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