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HELMA Eigenheimbau AG publishes semi-annual report: Guidance for 2009 confirmed / significant revenue and earnings growth expected in 2010

HELMA Eigenheimbau AG / Half Year Results


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HELMA Eigenheimbau AG publishes semi-annual report: Guidance for 2009 confirmed / significant revenue and earnings growth expected in 2010
Lehrte, September 30, 2009 - HELMA Eigenheimbau AG continued to record a positive growth trend in the first half of 2009, thereby creating a very solid foundation for the future achievement of significant corporate earnings. The guidance for the current financial year of consolidated revenue of EUR 60.0 million and consolidated EBIT of EUR 1.0 million was confirmed.

Mention was made as early as the 2008 annual report of the expected, weather-related shift in the realisation of revenue and earnings into the second half of the current financial year. Due to the prolonged and severe winter season outdoor construction activities were largely discontinued for a period of months. For this reason, the mid-year figures can only be compared with the previous year's figures to a limited extent. Revenue in the first half of 2009 amounted to EUR 26.4 million (H1 2008: EUR 27.2 million). This figure includes revenue of EUR 6.6 million from long-term construction orders calculated using the PoC method (H1 2008: EUR 3.4 million). Consolidated EBIT at the mid-year stage totalled minus EUR 0.5 million (H1 2008: minus EUR 0.1 million). When observed on an isolated basis, the second quarter of 2009 has already been concluded with positive results again. As a consequence, with anticipated revenue of around EUR 35 million in the second half of 2009, the full-year targets of HELMA Eigenheimbau AG are achievable, despite the hard winter.
Besides this, continued prospects for the future look highly gratifying. The achievement of a sustained sales success allowed net new orders in the first half of 2009 to climb by around 28 percent to 45.5 million, which resulted in an order book of EUR 72.2 million as of June 30, 2009, which was up by around 39 percent year-on-year. This trend clearly reflects the successfully completed expansion of the recent years. The Management Board of the company firmly assumes that further pronounced growth drivers will continue to emanate from this expansion over the next three to five years.

As the result of the conclusion of purchase agreements and purchase options relating to attractive real estate areas with a total of over one hundred building plots in Berlin, the property development subsidiary of HELMA Eigenheimbau AG faces significant business expansion. In view of the fact that this subsidiary has generated revenue of around EUR 5.0 million per year in the recent past, the revenue level in the 2010 financial year will prospectively rise to around EUR 10 million, and amount to up to EUR 15 million in the medium term.

As a consequence, the HELMA Group looks forward to a significant rise in earnings in overall terms for the 2010 financial year. Based on an order book of EUR 72.2 million at the mid-year stage, the ongoing sales success in the third quarter, and the forthcoming expansion of the high-margin property development business, Group revenue of around EUR 78 million and EBIT of around EUR 3.0 million is anticipated in 2009.


Since the publication of the annual report in April 2009, the Management Board of HELMA Eigenheimbau AG has acquired further HELMA shares, thereby raising its holdings by over 125,000 shares over the last 12 months. This measure has allowed the Management Board to underscore its confidence in its own company, as well as the positive future prospects of the HELMA Group.


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.


8 October 2009: 2009 Q3 sales figures


Gerrit Janssen
Chief Financial Officer
Tel.: +49 (0)5132 8850 113 

30.09.2009  Financial News transmitted by DGAP

Language:     English
Company:      HELMA Eigenheimbau AG
              Zum Meersefeld 4
              31275  Lehrte
Phone:        +49 (0)5132/8850-0
Fax:          +49 (0)5132/8850-111
ISIN:         DE000A0EQ578
WKN:          A0EQ57
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry               Standard in Frankfurt
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