DGAP-News: HELMA Eigenheimbau AG acquires finance broker Hausbau Finanz GmbH
(firmenpresse) - HELMA Eigenheimbau AG / Acquisition
02.09.2010 09:40
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HELMA Eigenheimbau AG acquires finance broker Hausbau Finanz GmbH
Lehrte, September 2, 2010 - HELMA Eigenheimbau AG, the specialist for
individual solid construction homes and sustainable energy concepts, is
entering the finance broking agency business. To this end, HELMA has
acquired Hausbau Finanz GmbH, Minden, by way of an asset deal. Along with
its successfully tested business model and extensive sector expertise,
which will continue to be managed and expanded within a one hundred percent
subsidiary under the same name based in Lehrte, a portfolio of around 6,000
customers in the loan financing area and an attractive base of home
insurance clients have also been acquired.
Hausbau Finanz GmbH will focus on its new client business, which will
particularly comprise the broking of loans for future HELMA customers. This
not only allows HELMA Group's portfolio of services to be rounded out
optimally, but also implements a further central growth pillar for house
sales.
'The timing for entering finance broking could hardly be better given
historically low construction loan interest rates,' was how Karl-Heinz
Maerzke, Chairman of the Management Board of HELMA Eigenheimbau AG,
commented on the takeover that the company has realised. 'Favourable
construction loan terms are a powerful reason why families, particularly
those who are still renting their homes, and investors, should be very
interested in purchasing real estate especially at the moment. With a
finance broker within our Group that has excellent contacts to numerous
banks and savings institutions, it is now possible for us to
comprehensively service these and other interested parties in the home
financing area too, and to further expand the base of potential purchasers
of individual HELMA homes,' Mr. Maerzke went on to remark.
With the prolongation of loans that are due for renewal from among its
extensive client base, and its supplementary insurance business, Hausbau
Finanz GmbH also has further attractive business pillars.
The purchase price together with all costs connected with the establishment
of its own Hausbau Finanz GmbH amount to a total of around TEUR 250.
The Management Board of HELMA Eigenheimbau AG is firmly assuming that it
will also be possible to fully integrate Hausbau Finanz GmbH into the HELMA
Group in operating terms by the end of the current financial year. As a
consequence, it is anticipated that Hausbau Finanz GmbH will arrange a loan
volume of EUR 35-50 million for the 2011 financial year, and of
significantly more than EUR 60 million in the medium term. Hausbau Finanz
GmbH would be profitable from the start given the above-mentioned volumes,
contributing annual net income in the low six-digit euro range to Group net
income in the medium term. Of much greater importance, however, is the
tangible contribution that the new subsidiary will simultaneously make to
continued growth in new orders at HELMA Eigenheimbau AG and HELMA
Wohnungsbau GmbH.
ABOUT HELMA EIGENHEIMBAU AG:
HELMA Eigenheimbau AG is a customer-oriented building services-provider
offering a full range of services. The focusis on the development,
planning, sale, and construction management of turnkey or partially
completed detached and semi-detached houses using the solid construction
method. Particularly the option of individual planning and
individualisation without extra costs, as well as the company's outstanding
know-how in the area of energy-efficient construction methods, are
perceived on the markets as HELMA Eigenheimbau AG's unique selling
propositions. With its persuasive sustainable energy concepts, the company
has established itself as one of the leading providers of solar
energy-saving homes, and is one of the most experienced companies in the
solid construction house sector, having constructed several thousand
owner-occupier homes. As a property development company and a finance
broker respectively, HELMA Wohnungsbau GmbH and Hausbau Finanz GmbH expand
HELMA Group's product range.
INVESTOR RELATIONS CONTACT:
Gerrit Janssen, Management Board member, CFO
Tel.: +49 (0)5132 8850 113
E-mail: ir(at)helma.de
02.09.2010 09:40 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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(at)helma.de
Internet: www.helma.de
ISIN: DE000A0EQ578
WKN: A0EQ57
Listed: Freiverkehr in Hamburg, Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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Datum: 02.09.2010 - 09:40 Uhr
Sprache: Deutsch
News-ID 32139
Anzahl Zeichen: 0
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Kategorie:
Business News
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