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HELMA Eigenheimbau AG publishes preliminary 2008 results and 2009 outlook / Gerrit Janssen appointed CFO / HELMA Management Board buys HELMA shares


HELMA Eigenheimbau AG / Preliminary Results
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HELMA Eigenheimbau AG publishes preliminary 2008 results and 2009 outlook / Gerrit Janssen appointed CFO / HELMA Management Board buys HELMA shares
Lehrte, March 27, 2009 - In an extremely difficult market environment, HELMA Eigenheimbau AG achieved significant revenue growth and a marked improvement in earnings in the 2008 financial year, according to preliminary IFRS consolidated figures.

Revenue amounted to EUR 56.6 million in 2008 (2007: EUR 50.0 million). This corresponds to an increase of 13%, which is particularly due to the successfully completed expansion programme, as well as a reduction in average lead times. EBITDA improved by EUR 4.79 million to reach EUR 0.73 million in 2008, thereby marking a return to profitability (2007: minus EUR 4.06 million). At minus EUR 0.40 million, however, EBIT was below the targeted breakeven level (2007: minus EUR 7.69 million). Particular factors that played a major role in the overall significant improvement in the HELMA Group profitability included a reduction in the materials expense ratio to 77.9% (2007: 82.4%), and the expense savings arising from structural and cost-saving measures.

The HELMA Group also achieved significant growth in terms of orders in 2008 as a result of its innovative product portfolio and marked growth rates in the new sales regions, despite a further decline in planning permission figures for detached and semi-detached houses in Germany, which fell 6.7% to 88,307 approvals. Net order intake rose 15.4% in 2008 to a new record level of EUR 69.0 million. With a net order backlog of EUR 53.8 million as of December 31, 2008 (2007: EUR 47.9 million), the HELMA Group consequently enjoys a very solid foundation for the profitable growth it is targeting for the 2009 financial year.

OUTLOOK:

A long winter accompanied by, at times, strong snowfall led to a delayed start to building activity in 2009. Due to the reduction in average lead times achieved by the Group, however, it is assumed that this will result in no significant shortfall in terms of absolute revenue level for the full year, but instead only to a delay in the realisation of revenue during the course of the 2009 financial year.

Based on the continuing success of sales, and the related comfortable order backlog, the Group therefore expects revenue to grow to at least EUR 60.0 million in 2009, and EBIT to at least EUR 1.0 million, in line with the realisation of further cost-reduction measures that have already been implemented.

Consequently, the Management Board of HELMA Eigenheimbau AG firmly assumes it will achieve positive Group net income in 2009. This budget also reflects, in particular, greater economic uncertainties relating to the current financial and economic crisis.

The 2008 annual report, including finalised figures, will be published on April 30, 2009 on the Internet at www.helma.de.

EXPANSION OF THE MANAGEMENT BOARD:

The Supervisory Board of HELMA Eigenheimbau AG has appointed Gerrit Janssen (29) as an additional member of the Management Board for a period of five years as of July 1, 2009. Mr Janssen, who is a graduate of business studies, will be responsible as CFO for the areas of finance, accounting and investor relations. As planned, this expands the Management Board of HELMA Eigenheimbau AG to two persons, so that the Management Board will in future consist of present sole Management Board member Karl-Heinz Maerzke, who will take on the role of CEO, and CFO Gerrit Janssen.
Mr Janssen is currently a consultant at the UBJ. management consultancy, where he has been responsible for a number of capital market transactions in recent years, and has provided companies from all listing segments with advice on their investor relations activities. Mr Janssen acted as consultant to HELMA Eigenheimbau AG since January 2007.
HELMA MANAGEMENT BOARD BUYS HELMA SHARES:

HELMA Eigenheimbau AG announces that the direct and indirect shareholding of the company's founder and Management Board member Karl-Heinz Maerzke and his family has risen by 111,000 shares, or 4.27% of the issued share capital, to a total of 73.75% since the publication of the 2008 half-year report. The company's senior management also holds a stake of around 2.88% in the company. The free float fell correspondingly by 4.27% to 23.37%.
The current shareholder structure is as follows:
Maerzke family: 1,374,000 shares (52.85%), Hindenburg Immobilien GmbH & Co. KG (belonging to Mr Maerzke): 543,500 shares (20.90%), senior management: 75,000 shares (2.88%), free float: 607,500 shares (23.37%).
The share purchases, which were primarily effected off-bourse and on the basis of a long-term investment horizon, allow the Management Board to underscore its confidence in a business model oriented to sustained growth, as well as the favourable future prospects enjoyed by the HELMA Group.
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.


Investor Relations contact:
Gerrit Janssen
Tel.: +49 (0)40 - 6378 - 5414
ir@helma.de


27.03.2009  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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