DGAP-News: HELMA Eigenheimbau AG achieves record revenue, earnings and new order intake in 2010 financial year according to preliminary figures, and publishes high-growth two-year outlook / Successful HELMA bond placing progress
(firmenpresse) - DGAP-News: HELMA Eigenheimbau AG / Key word(s): Preliminary Results
HELMA Eigenheimbau AG achieves record revenue, earnings and new order
intake in 2010 financial year according to preliminary figures, and
publishes high-growth two-year outlook / Successful HELMA bond placing
progress
10.03.2011 / 08:45
---------------------------------------------------------------------
HELMA Eigenheimbau AG achieves record revenue, earnings and new order
intake in 2010 financial year according to preliminary figures, and
publishes high-growth two-year outlook / Successful HELMA bond placing
progress
Lehrte, March 10, 2011 - HELMA Eigenheimbau AG, the specialist for
individual solid construction homes and sustainable energy concepts,
successfully continued its growth trend in the 2010 financial year,
according to preliminary consolidated IFRS figures. Revenue increased from
EUR 62.4 million to around EUR 74.5 million in the year under review,
representing 19.4% growth. The revenue share of the property development
business leapt from EUR 6.1 million to EUR 15.6 million, in line with the
company's published growth plans. Group total output increased by EUR 14.8
million in 2010, or 23.7%, to reach EUR 77.2 million.
Earnings before interest and tax (EBIT) improved by 247%, from EUR 1.10
million to EUR 2.72 million, which is particularly due to the marked
revenue growth and related economies of scale. As a consequence, the EBIT
margin on revenue rose from 1.8% to 3.7%, in line with budget. HELMA
Eigenheimbau AG achieved a new record level of earnings in 2010 with
earnings before tax (EBT) of EUR 1.9 million (previous year: EUR 0.2
million), and net income of EUR 1.3 million (previous year: EUR 0.2
million).
'We are very satisfied with the results that we achieved in 2010,' as
Karl-Heinz Maerzke, Management Board Chairman of HELMA Eigenheimbau AG,
commented on the record figures that were presented. 'In the year 2010 we
experienced the most severe winter for over 30 years, and this not only
significantly restricted our sector's construction activities during the
first months of the year, but also from the end of November 2010. The
results we achieved during these weather conditions underscore our business
model's robustness. We also take a highly optimistic view of the future
given our pleasingly high order book position, and the growth-drivers that
we have successfully implemented,' Maerzke added.
RECORD ORDERS IN 2010, ORDER BOOK RISES BY 25%:
The HELMA Group raised its net order intake (houses and land) from EUR 86.6
million to EUR 97.6 million in 2010, thereby reporting a marked increase in
new orders of EUR 11.0 million, or 12.7%. The net order book position,
which is composed of orders that have not yet been finally settled,
amounted to EUR 87.7 million as of December 31, 2010, due to a further very
good sales year. As a consequence, the net order book position as of the
balance sheet date was EUR 17.6 million, or 25%, above the previous year's
level of EUR 70.1 million. This amount includes revenues of EUR 12.8
million partially realised according to the percentage of completion method
(December 31, 2009: EUR 12.1 million). As a consequence, orders on hand
represent a very solid basis for achieving the significant revenue and
earnings growth that is targeted for the current 2011 financial year.
HIGH-GROWTH TWO-YEAR OUTLOOK:
The Management Board of HELMA Eigenheimbau AG is also assuming marked
revenue and earnings growth for the 2011 and 2012 financial years. The
company's budget envisages that consolidated revenue will increase to
approximately EUR 100 million in 2011, and to around EUR 125 million in
2012. HELMA Eigenheimbau AG (classic building services business) and HELMA
Wohnungsbau GmbH (property development business) are to be equal
contributors to this year's budgeted Group revenue growth. The revenue
share of the high-margin property development business will amount to
around 25% prospectively. The growth-drivers in 2012 will in all likelihood
come from the further expansion of the property development business, and
the successful realisation of initial projects by newly founded HELMA
Ferienimmobilien GmbH (please refer to the previous press release of March
10, 2011).
Based on the corporate budget described above, and the highest order book
level in the company's history, the Management Board of HELMA Eigenheimbau
AG anticipates EBIT of EUR 5.0-5.5 million in the current 2011 financial
year, and EBIT of EUR 7.5-8.0 million in the 2012 financial year. This
would imply that the EBIT margin on revenue would rise initially to more
than 5%, and subsequently to the HELMA Group's targeted level of more than
6%.
SUCCESSFUL PLACING PROGRESS FOR HELMA BOND:
Following the expiry of less than half of the offering period running
between December 1, 2010 and June 30, 2011, the company is pleased to
announce that HELMA bonds have already been successfully placed in a total
volume of around EUR 6 million. The company is very satisfied with the
placing status that has been achieved, since this, as a component of the
financing mix, already fully enables the further expansion of HELMA
Wohnungsbau GmbH that was referred to in the outlook above. As a result,
the inflow of further funds from the successive placing of the bond over
coming months would enable further projects to be implemented that are not
included in the budget above.
The HELMA bond, which entails an offering volume of up to EUR 10 million,
can still be subscribed for by issuing a purchase order with German
Securities Identification Number (WKN): A1E8QQ on the Düsseldorf Stock
Exchange through almost all banks and direct banks. With a five-year
maturity, a fixed 6.5% coupon per year, and a minimum investment of EUR
1,000, the HELMA bond is aimed at both private and institutional investors.
HELMA intends to include the bond in the regulated unofficial market on the
Düsseldorf Stock Exchange when the offer period ends. This would also
enable the bond to be traded during its five-year maturity once the
subscription period is over. The high degree of solidity and financial
strength of HELMA Eigenheimbau AG is also underscored by Creditreform
Rating AG's current corporate rating, which appraises HELMA Eigenheimbau AG
with the investment grade BBB rating.
DISCLAIMER:
This announcement is solely for informational purposes, and represents
neither an offer on the part of HELMA Eigenheimbau AG, nor a solicitation
to issue an offer to purchase or to subscribe for securities. Interested
investors should base their investment decision relating to the bond
exclusively on the basis of the information relating to the securities and
the risks connected with the purchase of the securities that is contained
in the securities prospectus published by HELMA Eigenheimbau AG in
connection with the public offering of the securities. The bond is subject
to certain restrictions that are set out in the prospectus. The legally
applicable securities prospectus has been published, and can be downloaded
from www.HELMA-Anleihe.de. This announcement and the bond offering are not
addressed to U.S. persons or to persons in the United States of America,
Canada, Australia or Japan.
ABOUT HELMA EIGENHEIMBAU AG:
HELMA Eigenheimbau AG is a customer-oriented building services-provider
offering a full range of services. The focus is 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, holiday home
builder, and finance broker respectively, HELMA Wohnungsbau GmbH, HELMA
Ferienimmobilien GmbH and Hausbau Finanz GmbH round out 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
End of Corporate News
---------------------------------------------------------------------
10.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.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 Berlin, Düsseldorf, Hamburg, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
115041 10.03.2011
Datum: 10.03.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 33440
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 273 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: HELMA Eigenheimbau AG achieves record revenue, earnings and new order intake in 2010 financial year according to preliminary figures, and publishes high-growth two-year outlook / Successful HELMA bond placing progress"
steht unter der journalistisch-redaktionellen Verantwortung von
HELMA Eigenheimbau AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
