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HELMA Eigenheimbau AG reports 10th consecutive new order intake record: 2016 new order intake up 6.5 % to EUR 286.8 million

DGAP-News: HELMA Eigenheimbau AG / Key word(s): Incoming Orders
HELMA Eigenheimbau AG reports 10th consecutive new order intake record: 2016
new order intake up 6.5 % to EUR 286.8 million

12.01.2017 / 08:28
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HELMA Eigenheimbau AG reports 10th consecutive new order intake record:
2016 new order intake up 6.5 % to EUR 286.8 million

Lehrte, January 12, 2017 - In the 2016 financial year, HELMA Eigenheimbau
AG - the specialist for individual solid construction houses and
sustainable energy concepts - achieved significant year-on-year new order
intake growth for the tenth consecutive year. Following an expected strong
final quarter, consolidated new order intake was up by 6.5 %, growing from
EUR 269.4 million to EUR 286.8 million. It should be noted in this context
that the previous year was extraordinarily strong with a 40 % increase in
new orders received. In terms of the five-year period between 2011 and
2016, consolidated new order intake was consequently up from EUR 106.8
million to EUR 286.8 million, representing an average annual growth rate of
around 22 %. In consequence, the HELMA Group commands a very good starting
position to continue tangible revenue and earnings growth in the 2017
financial year.

New order intake by companies:
After around 36 % new order intake growth in the previous year, HELMA
Eigenheimbau AG did not fully match the previous year's very good figures.
New order intake of EUR 99.0 million in 2016 was down by EUR 12.1 million.
This reduction especially reflected the tightening of the German Energy
Saving Ordinance (EnEV) at the start of year as well as the late
announcement of specific subsidy modalities for the KfW Efficiency House
55, which fed through to more moderate than expected demand in the building
services business especially in the first six months of the year. This
setback was also not fully offset by a strong second half of the year,
which proved better than the previous year's second half. Uncertainty among
potential customers - which became evident in the market during the course
of the year and derived from a residential property lending directive that
became effective from March 2016 - had only a minor effect on business
progress, as such uncertainty was successfully counteracted by the building
finance expertise the Hausbau Finanz GmbH subsidiary offers.

The subsidiaries operating in the property development business continued