HELMA Eigenheimbau AG — Earnings Release 2007

Sep 26, 2007

News Details

Corporate | 26 September 2007 13:33

HELMA Eigenheimbau AG presents its half-yearly figures 2007

HELMA Eigenheimbau AG / Half Year Results

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+++ HELMA Eigenheimbau AG presents its half-yearly figures 2007 +++

• New orders climb by 12.3 percent despite negative trend in the sector;
  increase in market share

• Important goal of shortening the order processing time not achieved;
  performance and profit targets not attained

• Management Board revises its forecast for 2007; project initiated to
  sustainably improve performance and profitability

Isernhagen, September 26, 2007 – In the first half-year of 2007, HELMA
Eigenheimbau AG made headway in pursuing its growth strategy and held its
ground well despite the sectoral trend in a difficult market environment.
The construction of more show houses raised awareness of the company's
presence in existing and new sales regions, thereby creating attractive
future sales potential.

Market share raised:

HELMA Eigenheimbau AG’s order intake came to EUR 35.5 million in the first
six months of the current financial year, which was 12.3 % higher than the
previous year's figure. HELMA has thereby captured new market share by
comparison with its competitors recording significant declines in new
orders over the period under review. According to the Federal Statistical
Office, the number of building permits for one and two-family houses in
Germany fell 47.3 % in the first six months of 2007.

Sales revenue and profit targets not achieved:

Pursuant to the accounting standards laid down under the German Civil Code
(HGB), HELMA Eigenheimbau AG’s sales revenues stood at EUR 9.31 million by
mid-year 2007 (first half of 2006: EUR 6.79 million). Total performance
came in at EUR 17.30 million (first half of 2006: EUR 18.87 million). The
cause of the company’s failure to raise total performance was attributable
in main not only to the difficult market environment but also to the fact
that the company was unable to substantially shorten order processing
times, which would have enabled it to invoice more sales with the resulting
impact on sales revenue and profit. Lower total performance and a marginal
increase in the ratio of materials used resulted in lower gross profit
which fell by 15 % in a year-on-year comparison. Furthermore,
restructuring measures to support the growth of the company and the
development of new sales regions required a greater outlay than originally
expected, which had a negative impact on margins and profit. This caused
operating costs to rise to EUR 6.33 million (first half of 2006: EUR 4.92
million) over the period from January 1 to June 30, 2007. All in all, EBIT
came to EUR -2.97 million (first half of 2006: EUR -0.96 million).

Forecast for 2007 revised:

Based on the insights from the first half-year figures and the fact that
the declared goal of shortening order processing times had not yet been
achieved, the Management Board of HELMA Eigenheimbau AG substantially
revised the forecast for 2007 as a whole. Accordingly, the Group is now
expected to achieve a total output of around EUR 60 million and an EBIT of
EUR -1.0 million according to IFRS.

Owing to recent events, the Management Board of HELMA Eigenheimbau AG has
initiated a project to sustainably raise performance and profitability
which is already in the process of being implemented. The Management Board
will present the project in the months ahead as part of an international
road show.

The Management Board considers the outlook for the financial year 2008 to
be positive. Based on the increase in new orders and impulses generated by
the successful implementation of the project components, sales revenue in
the double-digit growth range have been forecast for 2008, and EBIT is
expected to improve considerably. The Board will give more specific details
on this forecast at the start of 2008.

The investors of HELMA Eigenheimbau AG and analysts and journalists are
most welcome to address their questions to the company directly. Today, on
Wednesday, the Chief Financial Officer will be available to answer any
questions from 3 p.m. to 6 p.m. under the telephone number +49 (0)511 – 901
90 13.

The 6M Report 2007 will be published on September 28, 2007, on the
company’s web site under www.helma.de.

About HELMA Eigenheimbau AG:

HELMA Eigenheimbau AG is a customer-oriented full-service construction
service provider. The company’s focus lies on the development, planning,
sale and construction management of turn-key or partly finished
single-occupancy and semidetached houses in massive construction or element
massive construction. The company’s tailored planning and individualisation
at no extra cost as well as its in-depth expertise in the field of
energy-efficient construction are particularly perceived by the market as a
unique selling point of HELMA Eigenheimbau AG. As a property developer, the
HELMA Wohnungsbau GmbH & Co. KG subsidiary complements the service range of
the HELMA Group. HELMA Eigenheimbau AG (ISIN: DE0000A0EQ578) has been
listed in the Entry Standard of the Frankfurt Stock Exchange since 19
September 2006.

Investor relations contact:

HELMA Eigenheimbau AG
Torsten Rieger (CFO)
Jathostrasse 10
D-30916 Isernhagen
Telephone: +49 (0)511 - 901 90 – 0
Facsimile: +49 (0)511 - 901 90 – 11
Email: info@HELMA.de

UBJ. GmbH
Gerrit Janssen
Haus der Wirtschaft, Kapstadtring 10
D-22297 Hamburg
Telephone: +49 (0)40 – 63 78 – 54 14
Facsimile: +49 (0)40 – 63 78 – 54 23
Email: gerrit.janssen@ubj.de

26.09.2007 Financial News transmitted by DGAP

Language: English
Issuer: HELMA Eigenheimbau AG
Jathostrasse 10
30916 Isernhagen
Deutschland
Phone: +49 (0)511 90190 13
Fax: +49 (0)511 90190 11
E-mail: rieger@helma.de
Internet: www.helma.de
ISIN: DE000A0EQ578
WKN: A0EQ57
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Entry
Standard in Frankfurt

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