DGAP-Adhoc
HELMA Eigenheimbau AG reports record results for FY 2016; Forecast reduced for the 2017-2018 financial years
DGAP-Ad-hoc: HELMA Eigenheimbau AG / Key word(s): Preliminary Results/Forecast
HELMA Eigenheimbau AG reports record results for FY 2016; Forecast reduced |
Lehrte, February 23, 2017 - HELMA Eigenheimbau AG reports an increase in
its revenue and earnings in the 2016 financial year to new record levels.
According to preliminary and unaudited IFRS figures, the HELMA Group grew
its revenue by 25 percent to EUR 263.8 million in 2016 (2015: EUR 210.6
million). Consolidated earnings before interest and tax (consolidated EBIT)
were up by 21 %, from EUR 17.8 million to EUR 21.6 million. Earnings per
share in 2016 will lie in a range prospectively between EUR 3.30 and EUR
3.36 (2015: EUR 2.69).
For the 2017-2019 financial years, the company continues to assume further
long-term growth, although the annual growth rate will be less than
previously planned. The expected consolidated revenue now amounts to EUR
290-300 million in 2017, EUR 325-340 million in 2018 and EUR 370-400
million in 2019. An EBIT margin in a range between 7.0 % and 10.0 % is
anticipated in each of the 2017-2019 financial years, after adjusting for
capitalised interest. The margin in 2017 will prospectively lie in the
lower third of the range. Based on preliminary results, the consolidated
EBIT margin in 2016 amounted to 8.4 % (2015: 8.7 %)*, after adjusting for
capitalised interest.
The main reason for the corrected Group forecast are considerably longer
processing periods in the residential property development business during
the construction planning and contracting phases, reflecting high demand.
These longer processing periods were to be recognised correspondingly in
updated project schedules for the HELMA Wohnungsbau GmbH subsidiary, and
arise from overloaded resources and restricted availability of the market
participants involved in these phases (including government bodies). The
company has in part intentionally taken revenue shifts in subsequent years
into account in updating its plans, to continue to ensure high execution
quality and a high degree of cost security.
The company will publish detailed preliminary figures for the HELMA Group
for the 2016 financial year on March 9, 2017 and the 2016 annual report
with final figures on March 30, 2017.
* An explanation of the adjusted EBIT margin can be retrieved at the
following link:
http://ir.helma.de/helma/pdf/glossar/glossar_en.pdf
Investor Relations contact:
Gerrit Janssen, Management Board member/CFO
Tel.: +49 (0)5132 8850 345
E-mail: ir@helma.de
23-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: | English |
Company: | HELMA Eigenheimbau AG |
Zum Meersefeld 4 | |
31275 Lehrte | |
Germany | |
Phone: | +49 (0)5132/8850-0 |
Fax: | +49 (0)5132/8850-111 |
E-mail: | info@helma.de |
Internet: | www.helma.de |
ISIN: | DE000A0EQ578 |
WKN: | A0EQ57 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt |
End of Announcement | DGAP News Service |
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547213 23-Feb-2017 CET/CEST