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HELMA Eigenheimbau AG publishes 2013 half-yearly report / Corporate investment grade BBB rating continued/ New business area receives first major order


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

26.08.2013 / 09:02


HELMA Eigenheimbau AG publishes 2013 half-yearly report / Corporate investment grade BBB rating continued/ New business area receives first major order

Lehrte, August 26, 2013 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, has today published its financial report for the first half of 2013 in which the HELMA Group reports continued positive new order intake and earnings trends.

In the first six months of the current financial year, sales revenue was up by around 7 % year-on-year, growing from EUR 46.5 million to EUR 49.7 million. It should be noted in this context that the construction window during the winter that lasted until April 2013 was around one month shorter than in the comparable period. Given this, the revenue generated can be seen as very satisfactory. Due to a further marked rise in the gross profit margin, half-yearly earnings before interest and tax (EBIT) more than doubled and amounted to EUR 2.2 million. Given the adverse weather conditions, the results achieved can be described as very gratifying, being characterised by a significant profitability enhancement compared with the prior-year period.

During the first half of the 2013 financial year, the HELMA Group also successfully continued its past years' dynamic new order intake growth. Net new order intake was up 24 % year-on-year to EUR 71.7 million (H1 2012: EUR 58.0 million). All HELMA Group companies contributed to this marked order growth. The HELMA Group's net order book position, which is composed of the net order book total held as of the balance sheet date, and consequently of orders that have not yet been finally settled, amounted to EUR 141.1 million as of June 30, 2013, thereby exceeding the previous year's figure by around EUR 29.7 million, or 27 %.

As in previous years, the highest order book position in the company's history as of the 2013 mid-year stage comprises an excellent starting position for strong revenue growth in the second half of the year. Under the precondition that no early, significant and weather-related restrictions to the execution of building work occur before the year-end, the forecast for the 2013 financial year that was prepared in the spring is confirmed whereby the company continues to anticipate that consolidated revenue will grow to approximately EUR 140.0 million (FY 2012: EUR 114.0 million) and that consolidated EBIT will increase to around EUR 9.0 million (FY 2012: EUR 7.3 million).

The 2013 half-yearly report also contains a detailed explanation of the medium-term growth strategy, with whose realisation consolidated revenue level of around EUR 250 million is to be achieved within five years (FY 2012: EUR 114.0 million).

The full half-yearly report 2013 of HELMA Eigenheimbau AG is available for downloading from the company's website (www.HELMA.de) under the Investor Relations heading or via the following direct link to the download:

www.helma.de/fileadmin/user_upload/IR/Finanzpub/hb2013e.pdf

Investment-grade rating received again:

In its current corporate ratings, Creditreform Rating AG has again awarded HELMA Eigenheimbau AG a highly satisfactory rating that is above average compared to the overall economy and the company's sector. This BBB and consequently unchanged investment-grade rating underscores the high solidity and financial strength of HELMA Eigenheimbau AG. The rating summary is available from August 26, 2013 for downloading from the HELMA website, within the Investor Relations area.

First residential real estate project sold to institutional investor:

Barely six months after the official presentation of this additional business area, which is to plan and realise residential real estate projects to be sold to institutional investors, subsidiary HELMA Wohnungsbau GmbH can already report its first sales success in this area. A residential real estate project planned in Potsdam, whose revenue should be realised by mid-2015 and which entails a total volume in a low double-digit amount in millions of euros, was sold to an institutional investor in August 2013. The parties have agreed to maintain confidentiality concerning the precise modalities of the purchase price.

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



End of Corporate News


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227417  26.08.2013


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