HELMA Eigenheimbau AG / Miscellaneous
30.06.2010 07:44
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HELMA Eigenheimbau AG pushes ahead with expansion of high-margin property
development business through further purchase of land in Berlin
Lehrte, June 30, 2010 - HELMA Eigenheimbau AG, specialist for individual
solid-construction homes and sustainable energy concepts, has acquired a
further construction plot in Berlin-Karlshorst through its subsidiary HELMA
Wohnungsbau. The plot comprises a newbuild construction area of
approximately 16,400 square meters. The investment volume amounts to around
EUR 2.7 million, including development and ancillary costs. The company is
aiming for a hybrid development entailing 54 terraced house units and nine
detached houses. The resultant revenue potential is estimated at around EUR
13.0 million (land plus houses), and will be realised prospectively in the
2011-2013 financial years.
As a consequence, the company will also be pursuing the sale of terraced
homes in the future. The lower overall price compared to a detached home
due to the smaller share of land allows an additional potential customer
base to be tapped, thereby lending further impetus to the growth of HELMA's
development subsidiary.
The property development business will nevertheless also continue to focus
in the future on the sale of detached homes plus land as a unit, an
approach which offers excellent prospects in Germany's metropolitan
regions. Equally, corresponding construction starts will continue to
commence only when contractual agreements have been successfully arranged
with the relevant customers, thereby keeping the risk from property
development projects to the usual very low level.
Various land acquisitions over the last nine months (please see the
Corporate News of September 28, 2009) have consequently created important
pre-conditions for significant business growth at the HELMA Wohnungsbau
subsidiary. Following EUR 6.1 million of revenue for the high-margin
property development business in the 2009 financial year, a revenue volume
of significantly above EUR 15.0 million per year is targeted for the medium
term.
'Positive trends at HELMA Wohnungsbau represent an important and attractive
growth-driver for the HELMA Group,' explained Karl-Heinz Maerzke, CEO of
HELMA Eigenheimbau AG. 'As a result, and in combination with the equally
good prospects in our core building services business, we are very
confident that the HELMA Group can continue to achieve significant revenue
growth beyond the 2010 business year,' Karl-Heinz Maerzke went on to
comment. The company's budget published in March envisages that
consolidated revenue will grow by around 28% in the 2010 financial year to
reach EUR 80.0 million.
ABOUT HELMA EIGENHEIMBAU AG
HELMA Eigenheimbau AG is a customer-oriented building services-provider
offering a full range of services. The focus is on the development,
planning, sale, and construction management of turnkey or partially
completed detached and semi-detached houses using the solid construction
method. Particularly the option of individual planning and
individualisation without extra costs, as well as the company's outstanding
know-how in the area of energy-efficient construction methods, are
perceived on the markets as HELMA Eigenheimbau AG's unique selling
propositions. With its persuasive sustainable energy concepts, the company
has established itself as one of the leading providers of solar
energy-saving homes, and is one of the most experienced companies in the
solid construction house sector, having constructed several thousand
owner-occupier homes. As a property development company, the HELMA
Wohnungsbau GmbH & Co. KG subsidiary supplements the product range of the
HELMA Group.
INVESTOR RELATIONS CONTACT:
Gerrit Janssen, Management Board member, CFO
Tel.: +49 (0)5132 8850 113
E-mail: ir@helma.de
30.06.2010 07:44 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: HELMA Eigenheimbau AG
Zum Meersefeld 4
31275 Lehrte
Deutschland
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: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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DGAP-News: HELMA Eigenheimbau AG pushes ahead with expansion of high-margin property development business through further purchase of land in Berlin
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