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HELMA Eigenheimbau AG publishes 2012 semi-annual report


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

20.09.2012 / 08:32


HELMA Eigenheimbau AG publishes 2012 semi-annual report

++ Revenue up from EUR43.4 million to EUR46.5 million ++
++ EBIT improves by 30 percent to EUR1.1 million ++
++ New order intake up 8 percent to EUR58.0 million ++

Lehrte, September 20, 2012 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, continued its positive business trend in the first six months of the 2012 financial year. The HELMA Group reported an approximately eight percent increase in new order intake to EUR58.0 million, and revenue up by seven percent from EUR43.4 million to EUR46.5 million. The project business, which is realised at the subsidiaries HELMA Wohnungsbau GmbH and HELMA Ferienimmobilien GmbH, comprised around one third of this revenue for the first time. In this context, EUR12.9 million of revenue was reported at HELMA Wohnungsbau GmbH in the first half of 2012 (H1 2011: EUR11.0 million), and EUR2.4 million at HELMA Ferienimmobilien GmbH (H1 2011: EUR0). Around two thirds of consolidated revenue was generated in the core building services business, with the revenue share of HELMA Eigenheimbau AG standing at EUR30.6 million (H1 2011: EUR31.8 million), and with HELMA LUX S.A. contributing EUR0.3 million to Group revenue (H1 2011: EUR0.4 million). Since Hausbau Finanz GmbH contributes only commission income to Group revenue, its share of total Group revenue is at an almost unchanged EUR0.3 million, despite the pleasing overall growth of this financing subsidiary. Hausbau Finanz GmbH brokered financing facilities with a total volume of EUR31.8 million in the period under review (H1 2011: EUR26.4 million).

Due to land acquisitions, stocks of finished goods and work in progress within the HELMA Group were also up by EUR4.4 million year-on-year to reach EUR9.6 million, as a consequence of which the total output of the HELMA Group increased to EUR56.1 million in the first half of 2012 (H1 2011: EUR48.6 million). On the basis of this significant growth in revenue and total output, first-half profit before interest and tax improved by around 30 percent to EUR1.1 million.

Positive outlook:

Due to the satisfactory mid-year order book position, and current progress in terms of order processing, the Management Board of HELMA Eigenheimbau AG expects 2012 to report a further very strong second half of the year compared with the first half of the year. Assuming that there are no significant early restrictions on building activity due to weather conditions towards the end of the year, significant revenue growth of around 11 percent, from EUR103.6 million to around EUR115.0 million, is expected in the current 2012 financial year. Due to the above-average margins which are currently achievable in the fast-growing project business, consolidated EBIT of approximately EUR6.5 million is anticipated at this revenue level. This would correspond to 36 percent year-on-year EBIT growth, which would be considerably higher than the revenue growth. For the 2013 financial year, the Management Board of HELMA Eigenheimbau AG is assuming approximately twice as high revenue growth than is forecast for 2012, so that a revenue leap to around EUR140.0 million in 2013 is deemed to be achievable.

The complete 2012 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/IR/Finanzpub/hb2012e.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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185823  20.09.2012


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