Helma Eigenheimbau - Business expansion regains momentum
In H121, Helma Eigenheimbau (Helma) reported a 41.2% y-o-y improvement in revenue to €161.4m and a 70.7% y-o-y increase in new order intake to €197.2m. With a significant land bank, offering c €1.8bn potential revenue to be realised over the next five to seven years, the company is well-positioned to continue its robust business expansion in all three segments. Management confirmed its guidance of total group revenue of €300–310m and EBT of €25–26m in FY21, targeting €400m and €40m, respectively, by 2024. The company also expects annual new order intake in FY21 to exceed the FY20 figure of €312.5m by 20–25%.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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