HELMA Eigenheimbau AG publishes 2011 annual report
HELMA Eigenheimbau AG / Key word(s): Final Results
HELMA Eigenheimbau AG publishes 2011 annual report
Lehrte, April 24, 2012 - With the publication today of its annual report, HELMA Eigenheimbau AG, specialist for individual solid construction houses and sustainable energy concepts, has confirmed the preliminary figures that it announced on March 6, 2012. According to the final figures, consolidated revenue in the 2011 financial year was up by 39%, rising from EUR 74.5 million to EUR 103.6 million, and consolidated EBIT rose at an even faster rate of 76%, from EUR 2.7 million to EUR 4.8 million, due to the economies of scale that the company realised. The EBIT margin on revenue was up from 3.7% to 4.6% as a consequence.
The HELMA Group also reports a successful course to its sales activities in the year under review. Net new order intake (houses plus land) increased by over 9% in 2011, rising from EUR 97.6 million to EUR 106.8 million. The company's sales growth, which already stretches back for several years, was primarily attributable to its project business in 2011, as planned, where sales volumes more than doubled year-on-year. This sustained growth trend was successfully continued in the first quarter of 2012 with new orders up by 5% to EUR 30.5 million (Q1 2011: EUR 29.0 million). In overall terms, the HELMA Group consequently commands a solid order book basis for significant revenue growth in 2012, for which in all likelihood the further considerable growth at the subsidiaries HELMA Wohnungsbau GmbH and HELMA Ferienimmobilien GmbH will be responsible, in particular.
First dividend payment planned:
The Management and Supervisory boards will propose to the Shareholders' General Meeting to be held on July 6, 2012 that it approves the distribution of a dividend of EUR 0.20 per share. An amount of around EUR 0.57 million is to be distributed to shareholders from the parent company's unappropriated retained earnings of approximately EUR 1.69 million as a consequence. The company's dividend policy is oriented to a high degree of continuity in the medium term, in this context. Presupposing that earnings trends stay positive, and that the company's liquidity position remains robust, this policy envisages a 25% to 35% payout rate based on the net income generated by the parent company. Firstly, this allows shareholders to participate directly in the company's success and profits. Secondly, investing the major share of profit in the company's continued growth serves to further strengthen equity accordingly.
Further significant revenue and earnings growth is expected in the 2012 and 2013 financial years due to the solid order book position of EUR 91.1 million at the start the 2012 financial year, and the many attractive, new property development projects that the company will start to implement during the forecast period. Consequently, it is anticipated that Group revenue will increase from EUR 103.6 million to between EUR 115 million and EUR 125 million in the 2012 financial year, and that it will rise further to around EUR 140 million in the 2013 financial year. The forecast revenue growth will be especially attributable to the significant expansion of the property development business. The property development business' share of Group revenue (2011: EUR 28.0 million) will prospectively amount to between EUR 40 million and EUR 50 million in the current 2012 financial year, which will also include up to EUR 10 million contributed for the first time by HELMA Ferienimmobilien GmbH, which was founded in 2011.
As in previous years, it is also expected that the company will achieve the by-far predominant portion of its revenue and earnings contributions in the second half of the year, due to weather conditions. This uneven distribution over the course of the year could be even more pronounced in 2012, since most of the realisation of the revenue of the property development business is also focused on the second half of the year.
Based on the budget planning described above, consolidated EBIT of EUR 6.5 to 7.5 million is anticipated in the current 2012 financial year, and further tangible earnings growth for 2013. This would imply that the EBIT margin on revenue would increase to the company's medium-term target of more than 6% (2011: 4.6%). Along with the realisation of further economies of scale, a continuous enhancement of the EBIT margin is also expected due to the ever growing share of the high-margin property development business in total Group revenue.
The complete 2011 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.
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
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|Company:||HELMA Eigenheimbau AG|
|Zum Meersefeld 4|
|Listed:||Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry Standard in Frankfurt|
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