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HELMA Eigenheimbau AG publishes a half-yearly report / positive outlook for 2009


HELMA Eigenheimbau AG / Half Year Results

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HELMA Eigenheimbau AG publishes a half-yearly report / positive outlook for 2009

Lehrte, September 30, 2008 – HELMA Eigenheimbau AG has published its report on the first half of 2008 today, while also issuing its first outlook for the 2009 financial year.

The HELMA Group boosted total output by over 35% to EUR 25.3 million in the first six months of the current financial year, achieving a highly gratifying gross profit margin of 21.8% (FY 2007:16.9%). Further, important milestones were also reached with a reduction in average throughput times to 10.4 months, and a cut in personnel expense. Group EBIT of EUR -0.54 million was consequently achieved at the half-year stage (FY 2007: EUR -5.3 million). Growth in the order book was also very positive, with a 19.5% increase in net new orders received to EUR 35.5 million. This was particularly due to the successful launch of the HELMA Solar House, and to significant growth impulses emanating from the sales regions of Bavaria and Baden-Württemberg.

'With this strong first half-year behind us, we are highly optimistic about achieving the forecast turnaround for the 2008 financial year,' commented HELMA CEO Karl-Heinz Maerzke. 'The traditionally stronger second half-year is still ahead of us. We are assuming we will achieve consolidated EBIT of between EUR 0.4 million and EUR 0.7 million on total output of EUR 55.0 million to EUR 58.0 million,' Maerzke went on to say.

FURTHER INCREASE IN TOTAL OUTPUT AND A RISE IN PROFITABILITY ANTICIPATED FOR THE 2009 FINANCIAL YEAR:

The HELMA Group will prospectively also report significant rates of growth in the 2009 financial year. Particular growth drivers in this respect will derive from the HELMA Solar House, the further establishment of the new showhouse locations, and the Bavarian and Baden-Württemberg sales regions. Further cost relief provided by the completed cost-reduction measures, the trend towards higher house sales prices, and a further additional reduction in average throughput times, should also provide an additional boost to profitability. A marked rise in total output to between EUR 68.0 million and EUR 72.0 million, and EBIT of between EUR 2.7 million and EUR 3.3 million, are consequently expected for the 2009 financial year overall.

THE HALF-YEARLY REPORT IS AVAILABLE FOR DOWNLOADING AT THE FOLLOWING LINK:
http://www.helma.de/fileadmin/user_upload/Helma_IR/half_year_report2008.pdf

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:

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

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


30.09.2008  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
 
End of News DGAP News-Service  





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