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HELMA Eigenheimbau AG announces FY 2020 earnings forecast based on H1 2020 business trends and effects of COVID-19 pandemic

HELMA Eigenheimbau AG / Key word(s): Forecast
HELMA Eigenheimbau AG announces FY 2020 earnings forecast based on H1 2020 business trends and effects of COVID-19 pandemic

13-Aug-2020 / 16:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


HELMA Eigenheimbau AG announces FY 2020 earnings forecast based on H1 2020 business trends and effects of COVID-19 pandemic

Lehrte, August 13, 2020 - The HELMA Group achieved net new order intake of EUR 115.5 million in the first half of 2020 (H1 2019: EUR 140.6 million). This represents a decrease of approximately 18 % compared with the same period last year, which mainly reflects the effects of the COVID-19 pandemic. In the same period, the HELMA Group generated revenue of EUR 114.2 million (H1 2019: EUR 110.3 million), an increase of around 4 % compared to the first half of 2019. Although the mild winter encouraged construction progress, even stronger revenue growth was hampered particularly by the COVID-19-related decrease in orders. Consolidated earnings before taxes (EBT) in the first six months of the current financial year amounted to EUR 6.6 million (H1 2019: EUR 7.5 million).

On the basis of business trends in the first half of 2020 and the effects of the COVID-19 pandemic, the company's Management Board at its meeting today has approved an earnings forecast for the current financial year. This forecast envisages consolidated earnings before taxes (EBT) in a range between EUR 14.0 million and EUR 17.0 million for FY 2020 (FY 2019: EUR 23.6 million). It is not possible to issue a forecast for the 2021 financial year at the present time due to the high level of economic uncertainties. This forecast will be issued at the earliest when the financial figures for 2020 are announced in the first quarter of 2021.

However, in light of the extensive portfolio of attractive land plots and assuming that the market environment stabilises, the HELMA Group enjoys very good prospects of achieving higher results again in the medium term. Detailed information about the business performance in the first six months of the current financial year and about the forecast for the full financial year will be published on August 18, 2020 in the H1 2020 report.

Investor Relations Contact:

Gerrit Janssen, Management Board Chairman / CEO
Tel.: +49 (0)5132 8850 345
E-Mail: ir@helma.de


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