HELMA Eigenheimbau AG grows H1 2018 earnings by 23 percent
Lehrte, August 23, 2018 - HELMA Eigenheimbau AG has today published its 2018 half-year report, in which it notes a significant increase in earnings. Based on EUR 96.6 million of consolidated revenue generated in the reporting period (H1 2017: EUR 110.1 million), mid-year earnings before taxes (EBT) grew to EUR 7.0 million (H1 2017: EUR 5.7 million). After deducting income taxes and the minority interests' share of earnings, consolidated net income after minority interests amounted to EUR 4.9 million (H1 2017: EUR 4.0 million). Earnings per share improved accordingly from EUR 1.00 to EUR 1.23. This represents an increase of 23 %. The achievement of earnings growth despite a reduction in revenue reflects a higher margin generated on a large number of property development projects. As in previous years, and due to weather and project related conditions, the HELMA Group will generate most of its annual net income during the second half of the year in 2018.
With a look to the existing project pipeline and the pleasing margin trend during the first half of 2018, the Management Board confirms the forecast that it has issued for the 2018 and 2019 financial years. Given double-digit percentage growth rates, this envisages consolidated EBT for 2018 in a range between EUR 21.0 million and EUR 22.5 million, and for 2019 between EUR 23.5 million and EUR 26.0 million.
The company's complete 2018 half-year report can be downloaded from the company's website (www.ir.HELMA.de) at the following direct link:
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 Chairman / CEO
Tel.: +49 (0)5132 8850 345
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