DGAP-News

HELMA Eigenheimbau AG exceeds FY 2014 earnings forecast; medium-term corporate planning raised significantly

DGAP-News: HELMA Eigenheimbau AG / Key word(s): Preliminary Results
HELMA Eigenheimbau AG exceeds FY 2014 earnings forecast; medium-term
corporate planning raised significantly

04.03.2015 / 08:30

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HELMA Eigenheimbau AG exceeds FY 2014 earnings forecast; medium-term
corporate planning raised significantly

Lehrte, March 4, 2015 - HELMA Eigenheimbau AG, the specialist for
individual solid construction houses and sustainable energy concepts, has
significantly exceeded its EBIT forecast for the 2014 financial year.
According to preliminary IFRS figures, the HELMA Group boosted its revenue
by 24% to EUR 170.5 million in 2014 (previous year: EUR 138.0 million).
Consolidated EBIT reached a new record of EUR 14.2 million (previous year:
EUR 10.3 million), EUR 1.7 million ahead of the budgeted figure of EUR 12.5
million. The EBIT margin improved accordingly from 7.5% to 8.3% (expressed
as a percentage of revenue). Besides revenue growth, a gross profit margin
improvement and a greater revenue share from the high-margin property
development business were particularly responsible for this pleasing
earnings growth. After deducting a net financial result of EUR -2.5 million
(previous year: EUR -2.0 million), earnings before tax (EBT) amounted to
EUR 11.7 million (previous year: EUR 8.3 million). Consolidated net income
after minority interests stood at EUR 8.1 million (previous year: EUR 5.6
million), equivalent to EUR 2.43 of earnings per share in 2014 (previous
year: EUR 1.85) and reflecting around 31% year-on-year growth.

Marked increase in revenue and EBIT guidance:

On the basis of a record order book position as of December 31, 2014, and
the positive margin trend, the Management Board of HELMA Eigenheimbau AG
has raised its forecast for the current financial year, and now anticipates
consolidated revenue of EUR 210 million in 2015. Assuming a stable EBIT
margin, consolidated EBIT of EUR 17.5 million is expected. Profitable
growth is also anticipated for the two subsequent financial years as long
as the market environment does not worsen considerably. In other words, the
rapid and successful implementation of the measures deriving from the
medium-term growth strategy that was presented for the first time 18 months
ago, which has resulted in a well filled and attractive project pipeline
for the HELMA Group, feeds through to the expectation of growth in