DGAP-News: HELMA Eigenheimbau AG publishes 2020 annual report and dividend proposal - attractive growth trends set to continue in 2021

HELMA Eigenheimbau AG publishes 2020 annual report and dividend proposal - attractive growth trends set to continue in 2021

Lehrte, March 24, 2021 - HELMA Eigenheimbau AG has today published its annual report for the 2020 financial year. In addition to a detailed presentation of business trends, the topics it reports include the promising growth trends in the market for residential and holiday properties, which continue unchanged in the first months of 2021, leading to continued high demand for products from the HELMA portfolio.

Based on the record new order intake achieved in 2020, the HELMA Group expects revenue in 2021 to be recorded in a range between EUR 300.0 million and EUR 310.0 million (2020: EUR 274.0 million), and consolidated EBT between EUR 25.0 million and EUR 26.0 million (2020: EUR 22.5 million). In the light of the well-filled project pipeline and the attractive outlook for the residential and holiday real estate sector, the HELMA Group is aiming for a significant expansion of revenue beyond 2021, and expects consolidated revenue of more than EUR 400.0 million by the 2024 financial year at the latest. The aim is to continuously increase profitability to an EBT margin of over 10.0 % (2020: 8.2 %). Correspondingly, consolidated EBT of over EUR 40.0 million would be achieved for the first time by 2024 at the latest.

Review of the 2020 financial year:
Despite the adverse effects ensuing from the pandemic, which were particularly evident in the first half of 2020, consolidated EBT for the full year, based on consolidated revenue of EUR 274.0 million (2019: EUR 263.2 million), amounted to EUR 22.5 million (2019: EUR 23.6 million), significantly above the EBT forecast level of between EUR 14.0 million and EUR 17.0 million announced on August 13, 2020. This very pleasing result reflects very positive business performance by all Group companies in the second half of the year.

Further detailed information on the 2020 financial year and the promising prospects for the Group companies is available in the 2020 annual report published today. The report is available for download on the IR website at www.ir.helma.de as well as via the following direct link:

https://ir.helma.de/websites/helma/English/310/publications.html

Planned EUR 1.54 per share dividend:
In its single-entity financial statements prepared according to the accounting principles of the German Commercial Code (HGB), HELMA Eigenheimbau AG reports net income and unappropriated retained earnings of EUR 12.4 million for the 2020 financial year, and consequently plans a dividend payment of EUR 1.54 per share. With the dividend payout of around EUR 6.2 million, or almost 50 % of the net income reported on the basis of HGB accounting principles, the dividend is in line with analysts' estimates, and corresponds to a dividend yield of around 3 % at the current share price level.

The dividend policy of HELMA Eigenheimbau AG is oriented towards a high level of continuity, and provides a payout ratio in relation to the net income for the year generated by the parent company of at least 25 % and up to a maximum of 50 %. In light of the promising growth potential and targeted expansion of corporate earnings, dividend payments are expected to increase significantly in the upcoming years.

About HELMA Eigenheimbau AG:
HELMA Eigenheimbau AG (HELMA) is one of the leading German building service providers offering the full service range. The focus is on the development, planning, sale and construction management of individually planned detached houses built on customers' properties applying the traditional solid construction method ("brick on brick"). Through the HELMA Wohnungsbau GmbH subsidiary - which operates as a broadly diversified project and property developer - the possibility also exists in various metropolitan regions across Germany to acquire individual dream houses together with suitable land plots on a one-stop-shop basis. Furthermore, HELMA Wohnungsbau GmbH realises high-quality semi-detached and terraced houses as well as apartment construction projects in sought-after locations.

With the realisation of holiday houses and apartments at locations enjoying well-developed infrastructures - predominantly on the North Sea and Baltic Sea coasts, as well as at attractive locations on lakes and in low mountain regions in Germany - the HELMA Ferienimmobilien GmbH subsidiary is meanwhile the leading company in its market segment. Its offering addresses mainly private customers for their own use or as a capital investment.

As a financing and building insurance broker, the Hausbau Finanz GmbH subsidiary completes the HELMA Group's product range.

Since it was founded in 1980, HELMA has transferred well over 10,000 attractive residential and holiday properties to satisfied customers. More than 400 employees and specialist advisors ensure that meanwhile around 1,000 further properties are added annually. HELMA - we love to build for your life.

IR contact:
Gerrit Janssen, CEO
Phone: +49 (0)5132 8850 345
E-Mail: [email protected]