Helma Eigenheimbau - Solid growth in new orders
In H119, Helma Eigenheimbau returned to gradual revenue growth, in line with the longer-term trend established since its formation. Consequently, management targets annual sales above €300m in the medium term. Further top-line growth should be driven by Helma’s solid order book (€197.4m at end-June 2019 vs €171.3m at end-2018). The expansion of Helma Wohnungsbau’s operations, which realise higher-margin projects, should assist the company’s overall profitability. Helma reiterated its pre-tax profit guidance for FY19 of €23.5–26.0m, which implies c 13.5% y-o-y EBT growth in H219 at the lower end of the range.HELMA Eigenheimbau AG is a Germany-based company that specializes in design and construction of new private residential buildings and houses. The Company diversifies its activities into three business segments: building services business; property development business, and Other. The main area of operations of the building services business encompasses the planning and construction management of detached and semi-detached houses on the basis of customer orders. In the property development business, constructions are realized and marketed on the Company's own land. The Other business segment comprises the broking business for building-related financing and insurance. As of December 31, 2011, the Company had three wholly-owned subsidiaries: Hausbau Finanz GmbH, HELMA LUX SA, and HELMA Ferienimmobilien GmbH. It also held a 93.95-stake in HELMA Wohnungsbau GmbH.
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