Helma Eigenheimbau - Extensive pipeline key to overcoming the crisis
Helma Eigenheimbau’s H120 results have been shaped by the coronavirus pandemic as disruptions to the sales process (particularly in the residential property development segment) led to a 17.8% y-o-y decline in net new order intake. However, on the back of a strong order book of €202.7m at the beginning of the year, the company has managed to improve revenue versus H119 by 3.6%. This was mainly due to the holiday property development segment, which doubled its revenue to €23.6m. Based on the end-June order book of €199.8m, management has reintroduced earnings guidance, targeting 2020 PBT in the range of €14–17m. Longer-term growth will be underpinned by its land bank representing a €1.7bn revenue potential (€1.5bn at the end of FY19).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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