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HELMA Eigenheimbau AG reports significant revenue and earnings growth in H1 2016

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

2016-08-31 / 08:30
The issuer is solely responsible for the content of this announcement.


HELMA Eigenheimbau AG reports significant revenue and earnings growth in H1 2016

Lehrte, August 31, 2016 - HELMA Eigenheimbau AG, specialist for individual solid construction houses and sustainable energy concepts, has today published its 2016 half-year report, where it reports on significant revenue and earnings growth. In the first half of 2016, the HELMA Group grew its revenue by around 34 % year-on-year, from EUR 77.0 million to EUR 103.0 million. Given continued gratifying gross profit margins, half-yearly earnings before interest and tax (EBIT) consequently grew by 29 % to EUR 6.3 million. The net financial result amounted to EUR -1.1 million in the reporting period, leaving EUR 3.6 million of consolidated net income after minority interests (H1 2015: EUR 2.2 million). Earnings per share improved accordingly from EUR 0.61 to EUR 0.90. This corresponds to growth of around 48 %, reflecting the continued positive profitability trend at the HELMA Group. As in previous years, and due to weather-related conditions, the HELMA Group will generate most of it annual net income during the second half of the year in 2016.

The past years' dynamic trend has also continued on the order intake side. Consolidated net new order intake was up by EUR 7.5 million to reach EUR 120.6 million in the first six months of the current financial year (H1 2015: EUR 113.1 million). This corresponds to new order intake growth of 7 %, to which especially the specialist property development subsidiaries HELMA Wohnungsbau GmbH and HELMA Ferienimmobilien GmbH made valuable contributions, as planned. It is expected that new order intake in the second half of 2016 will lie significantly ahead of new order intake during the first six months of the year, as in previous years. Compared with the 2015 financial year, when particularly the third quarter stood out with extraordinarily high new order intake volume, it is anticipated that new order intake in 2016 will be distributed more evenly over the individual quarters. On a full-year view, this would consequently establish a solid foundation for further revenue and earnings growth over the subsequent years.

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 308.7 million as of June 30, 2016, thereby around EUR 71.6 million, or 30 %, above the previous year's figure. This amount includes revenues of EUR 120.9 million partially realised according to the percentage of completion method (June 30, 2015: EUR 80.9 million). As in previous years, the highest order book position in the company's history as of the mid-year stage comprises an excellent starting position for strong revenue growth in the second half of the year.

Forecast confirmed:

Based on the pleasing business trend during the first half of 2016 and the record order book position as of the mid-year stage, the Management Board of HELMA Eigenheimbau AG confirms the forecast that it has issued for the 2016 financial year. This includes an increase in consolidated revenue to EUR 260.0 million (FY 2015: EUR 210.6 million) and growth in consolidated EBIT to EUR 22.0 million (FY 2015: EUR 17.8 million).

The company's complete 2016 half-year report is available for downloading on the company's website (www.ir.HELMA.de) at the following direct link:

http://ir.helma.de/download/companies/helmaeigenheimbau/Quarterly%20Reports/DE000A0EQ578-Q2-2016-EQ-E-00.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 345
E-mail: ir@helma.de



2016-08-31 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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