Helma Eigenheimbau - Promising new order intake
Helma Eigenheimbau’s revenue has remained relatively resilient despite the impact of the pandemic as it expanded in FY20 by c 4.1% y-o-y to €274m. The company has also beaten the guidance it issued in August of pre-tax profit at €14–17m, reporting €22.5m for the year on the back of solid performance of all group companies in H220. For FY21, management guides to group revenue of €300–310m in FY21 and pre-tax profit at €25–26m. The company also targets annual revenue above €400m and more than €40m pre-tax profit by 2024 on the back of its extensive landbank, which represented a revenue potential of €1.8bn at end-2020.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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