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HELMA Eigenheimbau AG exceeds 2013 EBIT forecast and expects strong revenue and earnings growth in 2014 and 2015 financial years


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

06.03.2014 / 08:30


HELMA Eigenheimbau AG exceeds 2013 EBIT forecast and expects strong revenue and earnings growth in 2014 and 2015 financial years

Lehrte, March 06, 2014 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, exceeded its EBIT forecast for the 2013 financial year by around EUR 1.3 million. According to preliminary IFRS figures, the HELMA Group grew its revenue by around 21% to EUR 138.0 million in 2013 (previous year: EUR 114.0 million). Consolidated EBIT reached a new record level of EUR 10.3 million (previous year: EUR 7.3 million), with the EBIT margin on revenue improving accordingly from 6.4% to 7.5%. Along with the revenue growth, the Group-wide gross profit margin improvement and a greater revenue share from the high-margin property development business were particularly responsible for this gratifying earnings growth. After a net financial result of EUR -2.0 million (previous year: EUR -1.6 million), earnings before tax (EBT) stood at EUR 8.3 million (previous year: EUR 5.8 million). Consolidated net income amounted to EUR 5.6 million (previous year: EUR 3.8 million), representing EUR 1.85 of earnings per share in 2013, an increase of around 39% compared with the previous year's EUR 1.33 per share.

Positive outlook:

The Management Board of HELMA Eigenheimbau AG expects consolidated revenue of around EUR 170 million for the 2014 financial year, and consolidated EBIT of around EUR 12.5 million. The highest order book position in the company's history, which stood at EUR 130.7 million as of December 31, 2013 - up around 23% year-on-year - comprises a solid starting base for this growth. In the 2015 financial year, the originally-planned consolidated revenue level of around EUR 200 million will in all likelihood be exceeded due to the well-filled and attractive project pipeline, so that it is assumed that consolidated EBIT in 2015 will amount to more than EUR 15.0 million. As a consequence, the HELMA Group is well on its way to successfully implementing its medium-term growth strategy that it presented in August 2013. This strategy envisaged consolidated revenue reaching a level of more than EUR 250 million within a five-year timeframe (2013-2017).

Key financials at a glance:

An overview of significant preliminary financials for the HELMA Group for the 2013 financial year can be downloaded at the link below. The 2013 annual report will be published on April 2, 2014.

http://www.helma.de/fileadmin/user_upload/IR/Finanzpub/VKK_HELMA_2013_en.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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256032  06.03.2014


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