Brief: Helma Eigenheimbau FY 2016 revenue up 25 pct at 263.8 million euros

HELMA Eigenheimbau AG

23/02/2017 14:00

Feb 23 (Reuters) - Helma Eigenheimbau AG  H5EG.DE : 
    * Rreports record results for FY 2016; forecast reduced for 
the 2017-2018 financial years 
    * Grew its revenue by 25 percent to 263.8 million euros 
($279.10 million) in 2016 (2015: 210.6 million euros) 
    * FY EBIT were up by 21 pct, from 17.8 million euros to 21.6 
million euros 
    * For 2017-2019 financial years, company continues to assume 
further long-term growth, although annual growth rate will be 
less than previously planned 
    * Expected consolidated revenue now amounts to 290-300 
million euros in 2017, 325-340 million euros in 2018 and 370-400 
million euros in 2019 
    * EBIT margin in a range between 7.0 pct and 10.0 pct is 
anticipated in each of 2017-2019 financial years, after 
adjusting for capitalised interest 
    * EBIT margin in 2017 will prospectively lie in lower third 
of range 
 
Source text for Eikon:  ID:nEQ8MMxnk  
Further company coverage:  H5EG.DE  
 
($1 = 0.9452 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))