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HELMA Eigenheimbau AG exceeds FY 2014 earnings forecast; medium-term corporate planning raised significantly

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

2015-03-04 / 08:30

HELMA Eigenheimbau AG exceeds FY 2014 earnings forecast; medium-term corporate planning raised significantly

Lehrte, March 4, 2015 - HELMA Eigenheimbau AG, the specialist for individual solid construction houses and sustainable energy concepts, has significantly exceeded its EBIT forecast for the 2014 financial year. According to preliminary IFRS figures, the HELMA Group boosted its revenue by 24% to EUR 170.5 million in 2014 (previous year: EUR 138.0 million). Consolidated EBIT reached a new record of EUR 14.2 million (previous year: EUR 10.3 million), EUR 1.7 million ahead of the budgeted figure of EUR 12.5 million. The EBIT margin improved accordingly from 7.5% to 8.3% (expressed as a percentage of revenue). Besides revenue growth, a gross profit margin improvement and a greater revenue share from the high-margin property development business were particularly responsible for this pleasing earnings growth. After deducting a net financial result of EUR -2.5 million (previous year: EUR -2.0 million), earnings before tax (EBT) amounted to EUR 11.7 million (previous year: EUR 8.3 million). Consolidated net income after minority interests stood at EUR 8.1 million (previous year: EUR 5.6 million), equivalent to EUR 2.43 of earnings per share in 2014 (previous year: EUR 1.85) and reflecting around 31% year-on-year growth.

Marked increase in revenue and EBIT guidance:

On the basis of a record order book position as of December 31, 2014, and the positive margin trend, the Management Board of HELMA Eigenheimbau AG has raised its forecast for the current financial year, and now anticipates consolidated revenue of EUR 210 million in 2015. Assuming a stable EBIT margin, consolidated EBIT of EUR 17.5 million is expected. Profitable growth is also anticipated for the two subsequent financial years as long as the market environment does not worsen considerably. In other words, the rapid and successful implementation of the measures deriving from the medium-term growth strategy that was presented for the first time 18 months ago, which has resulted in a well filled and attractive project pipeline for the HELMA Group, feeds through to the expectation of growth in consolidated revenue to EUR 260 million already by 2016. Beyond this, a further increase in consolidated revenue to EUR 340 million for the 2017 financial year is regarded as possible assuming that no unexpected delays were to occur to several projects at the same time. This would be equivalent to an approximate doubling in revenue over the three-year period up to 2017 compared with 2014. As far as the financial years from 2016 are concerned, an EBIT margin in a 7-10% range is anticipated assuming that the aforementioned revenue levels are met.

Key financials at a glance:

An overview of the preliminary financials for the HELMA Group for the 2014 financial year is available at the link below. The 2014 annual report will be published on April 13, 2015.

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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