Brief: HELMA Eigenheimbau Raises FY 2021 Forecast

HELMA Eigenheimbau AG

15/11/2021 12:15

Nov 15 (Reuters) - HELMA EIGENHEIMBAU AG  H5EG.DE :
    * RAISES ITS FY 2021 EARNINGS FORECAST
    * OUTLOOK 2021: CONSOLIDATED REVENUE IS EXPECTED TO BE
RECORDED AT
LEAST 5 % ABOVE PREVIOUS GUIDANCE OF EUR 300 MILLION TO EUR 310
MILLION (FY 2020: EUR 274 MILLION)
    * OUTLOOK 2021: CONSOLIDATED EBT OF AT LEAST EUR 27.0
MILLION (FY
2020: EUR 22.5 MILLION)
    * MORE THAN 20 % YEAR-ON-YEAR GROWTH IN CONSOLIDATED
EARNINGS
BEFORE TAXES IN 2021, TO A LEVEL TANGIBLY AHEAD OF PREVIOUS
GUIDANCE OF EUR 25.5 MILLION TO EUR 26.0 MILLION
    * CONSOLIDATED REVENUE OF OVER EUR 400 MILLION IS EXPECTED
BY 2024
FINANCIAL YEAR AT LATEST
    * ONGOING PROFITABILITY ENHANCEMENT IS TO REMAIN FOCUS, WITH
AIM
BEING TO RAISE EBT MARGIN TO A LEVEL OF OVER 10 % BY 2024.
ACCORDINGLY, CONSOLIDATED EBT WOULD EXCEED EUR 40 MILLION FOR
FIRST TIME BY 2024 FINANCIAL YEAR AT LATEST

Source text for Eikon:  ID:nEQ4zSzvMa 
Further company coverage:  H5EG.DE 

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