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HELMA Eigenheimbau AG reports strong half-year results; over 35% increase in total output; positive outlook.


HELMA Eigenheimbau AG / Half Year Results

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HELMA Eigenheimbau AG reports strong half-year results; over 35% increase in total output; positive outlook.

Lehrte, September 9, 2008 – HELMA Eigenheimbau AG has raised total consolidated output by over 35% to €25.32 million in the first half of 2008. Besides the completion of the restructuring, the main reasons for the significant growth were the increasing establishment of the numerous new showhouse locations, and the successful reduction in average throughput times to 10.4 months.

Other operating income of €0.18 million was also achieved in the reporting period. Given materials expense of €19.99 million, gross earnings amounted to €5.51 million. This corresponds to a significantly improved gross profit margin of 21.8% relative to total output.

The cost-reduction measures connected with the restructuring of the HELMA Group have already delivered their hoped-for effects in the first six months of the current financial year, and these effects will be even more pronounced in the second half of the year. Personnel expense was cut to €2.92 million (2007 full year: €6.48 million); other operating expenses amounted to €2.62 million. Given depreciation and amortisation of €0.52 million, half-year EBIT amounts to €-0.54 million.
TURNAROUND FOR 2008 IN SIGHT / POSITIVE OUTLOOK: 

Since the first half of the year is traditionally seasonally under-represented in terms of sales and earnings, the HELMA Group is well on its way to achieving the forecast turnaround in terms of EBIT. The Management Board of HELMA is consequently reconfirming the sales and EBIT forecasts for the 2008 financial year it issued in February 2008, and is stating these in even more specific terms. Total output of between €55 million and €58 million is anticipated (FY 2007: €45.6 million), and EBIT between €0.4 million and €0.7 million (FY 2007: €-5.3 million).
However, it is not only the good result achieved in the first half of the year that allows the HELMA Group to look to the future with renewed optimism; sales figures also exhibit a significantly positive trend. Net new orders received were up 19.5% to €35.5 million in the first half of 2008. Significant medium-term growth rates can also be anticipated due to the further establishment of showhouse locations, the success of the solar house, and the further increases in the number of customer recommendations.
The HELMA Group will also be able to further reduce its fixed costs, despite the anticipated detectable increase in total output, both in the second half of 2008 and in the 2009 financial year. Consequently, a significant enhancement of profitability, and a sustained return to the profit zone, can be anticipated for the medium term.
The Management Board of HELMA Eigenheimbau AG will also issue a specific forecast for the 2009 financial year at the time of the publication of the half-year report on September 30, 2008.

ABOUT 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:

30 September 2008: 2008 half-year report
6 October 2008: 2008 Q3 sales figures
7-9 October 2008: International Roadshow
20-21 October 2008: Specialist conference of the Real Estate Share Initiative

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


09.09.2008  Financial News transmitted by DGAP

 
Language:     English
Issuer:       HELMA Eigenheimbau AG
              Zum Meersefeld 4
              31275  Lehrte
              Deutschland
Phone:        +49 (0)5132/8850-0
Fax:          +49 (0)5132/8850-111
E-mail:       info@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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