News detail

HELMA Eigenheimbau AG: Property development subsidiary accesses additional revenue and earnings potentials through the purchase of attractive real estate areas


HELMA Eigenheimbau AG / Miscellaneous

28.09.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.


HELMA Eigenheimbau AG: Property development subsidiary accesses additional revenue and earnings potentials through the purchase of attractive real estate areas

*HELMA Wohnungsbau GmbH & Co. KG faces significant business expansion *Management Board agreement with Karl-Heinz Maerzke prematurely extended up to March 2015
*Thorsten Meier new sales director from October 2009
Lehrte, September 28, 2009 - HELMA Wohnungsbau GmbH & Co. KG, a subsidiary of HELMA Eigenheimbau AG, has concluded purchase agreements and purchase options relating to attractive real estate areas in Berlin with a net construction and property area totalling around 50,000 m2. The investment volume amounts to around EUR 7.45 million, including development and ancillary costs. The major share of the purchase price instalments and development costs will fall due during the course of the 2010 financial year.

In line with its tried and tested business model, HELMA Wohnungsbau GmbH & Co. KG will offer the individual areas of real estate, including HELMA homes, as complete units for purchase. Since construction of the relevant homes will not commence until after the sale, customers' individual wishes can be taken fully into consideration. A total of over one hundred individual HELMA homes will be built on the new areas over the next two to three years. This alone gives rise to additional sales potentials totalling around EUR 25 million (land und homes) for the 2010-2012 financial years. HELMA Wohnungsbau GmbH & Co. KG generated annual revenue of around EUR 5.0 million in the recent past. In the 2010 financial year, the revenue level will rise to already around EUR 10 million, and to up to EUR 15 million in the medium term. As a result, considerable future revenue and earnings enhancements for the HELMA Group will accompany the expansion of the high-margin property development business.


MANAGEMENT BOARD AGREEMENT WITH KARL-HEINZ MAERZKE PREMATURELY EXTENDED UNTIL MARCH 2015:

At its meeting today, the Supervisory Board of HELMA Eigenheimbau AG prematurely extended the contract of the Management Board Chairman and company founder Karl-Heinz Maerzke (57) by a further five years until March 31, 2015. Mr Maerzke founded the company around 30 years ago, and has successfully developed it in the subsequent period to its current position as one of the largest providers of individual solid construction houses in Germany. The extension of this agreement secures the important continuity of the company's management for the long term.


THORSTEN MEIER NEW SALES DIRECTOR FROM OCTOBER 2009:
The senior management of HELMA Eigenheimbau AG was expanded as of October 1, 2009 to include Mr Thorsten Meier (45). Mr Meier has been active in various sales management positions at Kampa AG over the last ten years, and will assume the role of sales director on October 1, 2009. Together with Mr Detlef Roos (40), who, as sales director of HELMA, has successfully helped to manage HELMA's expansion in recent years, this will provide the HELMA Group with two experienced managers in the future to realise its continued growth objectives in the sales area.


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.


FINANCIAL CALENDAR:

30 September 2009: 2009 half-year report
8 October 2009: 2009 Q3 sales figures


INVESTOR RELATIONS CONTACT:

Gerrit Janssen
Chief Financial Officer
Tel.: +49 (0)5132 8850 113 
E-Mail: ir@helma.de




28.09.2009  Financial News transmitted by DGAP


 
Language:     English
Company:      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  





back