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HELMA Eigenheimbau AG: Marked rise in new orders in the first half of 2008 / Restructuring delivers perceptible positive effects


HELMA Eigenheimbau AG / Miscellaneous

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HELMA Eigenheimbau AG: Marked rise in new orders in the first half of 2008 / Restructuring delivers perceptible positive effects
Isernhagen, 3 July 2008 – In the first six months of the 2008 financial year, the HELMA Group succeeded in further advancing the number of units sold to 215 (H1 2007: 200). Net new orders received improved correspondingly from EUR 29.7 million to EUR 35.5 million. This is equivalent to a 19.5% increase compared with the sales figures of the prior year period. Particularly pleasing growth was reported in the new sales regions of Bavaria and Baden-Württemberg, where more houses were sold in the first half of 2008 than in the whole of the 2007 financial year, and which in turn reflected a significantly rising trend. As the showhouses that were created last year in Bavaria and Baden-Württemberg become increasingly established in their regions, continued above-average growth can be anticipated in these regions for the second half of 2008.
Incoming order flows also make it clear that the new introduction of the solar house is increasingly developing into a success story. The solar house not only documents the HELMA Group’s strong expertise in the construction of energy-efficient homes. Half a year after the opening of the two showhouses of the solar house type in Lehrte and Offenburg, the Group is now reporting incoming orders from the whole of Germany. A total of 19 solar houses were sold in the first half of 2008. In this case too, there was also a significant rise in demand over the course of the half-year.

COST REDUCTION MEASURES TAKING EFFECT / THROUGHPUT TIMES SHORTENED:
The Management Board reported in detail in the 2007 annual report about the completion of the restructuring of the HELMA Group, and the implementation of the cost reduction programme that was launched in October 2007. The resultant savings are already tangible both in terms of personnel and materials costs. The HELMA Group has also achieved significant successes in cutting its throughput times (timespan between the signing of a purchase agreement until the handover of the house to the owner). Firstly, and as already explained in the annual report, various start-up problems that occurred in newer sales regions in 2007 have now been permanently solved. Secondly, internal processing times have been reduced through various measures such as paperless job-router processing. The HELMA Group will continue to drive ahead in 2009 on its path to long-term cost-optimisation, and is convinced that further cost-efficiency improvements can be achieved in the medium term. In combination with the expected rises in sales, this will result in a significant improvement in profitability.
CONSTRUCTION OF THE NEW ADMINISTRATION BUILDING RUNNING TO SCHEDULE:
HELMA will occupy its new corporate headquarters in Lehrte near Hanover in early August 2008, following a construction period of only 11 months. This means that, from the second half of the year, all departments will once again operate from a shared location in the direct vicinity of the HELMA showhouse park. Construction and ancillary costs totalling around EUR 3.0 million have been incurred for the new administration building, which was financed with a balanced mix of equity and debt, as communicated in the last annual report.

HELMA COMES FIRST IN A TEST SURVEY IN SAXONY:

In the first serious comparison of the 17 top selling providers of solid-construction houses in Saxony Helma Eigenheimbau AG took first place. The survey was conducted by the independent online magazine www.hausbaufirmenimtest.de.
 
According to the test's evaluations, HELMA Eigenheimbau AG's particular strengths include the security it offers homeowners, the range of services related to house construction, and the support provided in seeking appropriate land and financing. The user-friendly and content rich website, the high quality and rapid preparation of offers, a good price-product relationship, and planning adjusted to individual requirements at no extra cost were additional plus points commended. The company's innovative strengths were also highlighted positively, since HELMA is the only provider of solar houses across Germany.

HELMA EIGENHEIMBAU AG:

HELMA Eigenheimbau AG is a customer-oriented, full-service construction service provider. The company’s focus lies in the development, planning, sale, and construction management of turnkey or partly finished detached and semi-detached houses in solid construction or element solid construction. The tailored planning and individualisation that the company offers at no extra cost, as well as its in-depth expertise in the field of energy-efficient construction, are perceived by the market as a particularly unique selling point of HELMA Eigenheimbau AG. As a property developer, the HELMA Wohnungsbau GmbH & Co. KG subsidiary complements the service range of the HELMA Group. HELMA Eigenheimbau AG (ISIN: DE0000A0EQ578) has been listed in the Entry Standard of the Frankfurt Stock Exchange since 19 September 2006.

FINANCIAL CALENDAR:

4 July 2008: Regular Shareholders' General Meeting, Mid-September 2008: Preliminary H1 2008 figures, 
30 September 2008: 2008 half-year report, 
Early October 2008: 2008 Q3 sales figures, 
20-21 October 2008: Specialist conference of the Real Estate Share Initiative, Frankfurt

NOTE CONCERNING THE PUBLICATION OF SALES FIGURES:

With today's Corporate News, and as announced in the last annual report, HELMA Eigenheimbau AG is publishing the success of the sales it has generated within the first two weeks following the end of the quarter. The company has introduced this type of publication in order to further raise its transparency, and will retain this policy in the future (next publication Calendar Week 40/41).

INVESTOR RELATIONS CONTACT:

UBJ. GmbH, Gerrit Janssen
Haus der Wirtschaft, Kapstadtring 10 
D-22297 Hamburg
Telephone: +49 (0)40 – 63 78 – 54 14 
Telefax: +49 (0)40 – 63 78 – 54 23
E-mail: gerrit.janssen@ubj.de


03.07.2008  Financial News transmitted by DGAP

 
Language:     English
Issuer:       HELMA Eigenheimbau AG
              Jathostrasse 10
              30916 Isernhagen
              Deutschland
Phone:        +49 (0)511 90190 13
Fax:          +49 (0)511 90190 11
E-mail:       rieger@helma.de
Internet:     www.helma.de
ISIN:         DE000A0EQ578
WKN:          A0EQ57
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry               Standard in Frankfurt
 
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