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HELMA Eigenheimbau AG reports record results for FY 2011 and announces two-year planning

HELMA Eigenheimbau AG / Key word(s): Preliminary Results

06.03.2012 / 07:48

HELMA Eigenheimbau AG reports record results for FY 2011 and announces two-year planning

Lehrte, March 6, 2012 - HELMA Eigenheimbau AG, the specialist for individual solid construction homes and sustainable energy concepts, reports a further set of record results for its 2011 financial year, according to preliminary IFRS consolidated figures. Revenue was up by 39 %, from EUR 74.5 million to EUR 103.6 million in 2011. This revenue included significant growth at the property development subsidiary HELMA Wohnungsbau GmbH, amounting to EUR 28.0 million, as budgeted (FY 2010: EUR 15.6 million).

Earnings before interest and tax (EBIT) rose from EUR 2.7 million to EUR 4.8 million in 2011, which was particularly attributable to the marked revenue growth and related economies of scale, as well as a higher proportion of revenue contributed by the high-margin property development business. The EBIT margin on revenue was up from 3.7 % to 4.6 % as a consequence. With earnings before tax (EBT) of EUR 3.4 million (FY 2010: EUR 1.9 million) and EUR 2.3 million of net income (FY 2010: EUR 1.3 million), the HELMA Group has reported a further significant improvement in its profitability in the 2011 financial year.

On the basis of a solid order book position and positive business prospects, particularly in the property development business, the Management Board anticipates that in 2012 and 2013 it will successfully continue the growth trend that it has established over recent years. The HELMA Group expects revenue of EUR 115 million to EUR 125 million for the 2012 financial year, and EBIT in a range between EUR 6.5 million and EUR 7.5 million. As far as the 2013 financial year is concerned, the company anticipates further revenue growth to approximately EUR 140 million, accompanied by a further tangible earnings improvement.

The 2011 annual report including final consolidated figures and a detailed explanation of the two-year budget will be published on April 24, 2012.

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

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