HELMA EIGENHEIMBAU AG (FRA:H5E) HELMA Eigenheimbau AG announces FY 2020 earnings forecast based on H1 2020 business trends and effects of COVID-19 pandemic
Transparency directive : regulatory news
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DGAP-Ad-hoc: HELMA Eigenheimbau AG / Key word(s): Forecast HELMA Eigenheimbau AG announces FY 2020 earnings forecast based on H1 2020 business trends and effects of COVID-19 pandemic On the basis of business trends in the first half of 2020 and the effects of the COVID-19 pandemic, the company's Management Board at its meeting today has approved an earnings forecast for the current financial year. This forecast envisages consolidated earnings before taxes (EBT) in a range between EUR 14.0 million and EUR 17.0 million for FY 2020 (FY 2019: EUR 23.6 million). It is not possible to issue a forecast for the 2021 financial year at the present time due to the high level of economic uncertainties. This forecast will be issued at the earliest when the financial figures for 2020 are announced in the first quarter of 2021. However, in light of the extensive portfolio of attractive land plots and assuming that the market environment stabilises, the HELMA Group enjoys very good prospects of achieving higher results again in the medium term. Detailed information about the business performance in the first six months of the current financial year and about the forecast for the full financial year will be published on August 18, 2020 in the H1 2020 report. Investor Relations Contact: Gerrit Janssen, Management Board Chairman / CEO
13-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | HELMA Eigenheimbau AG |
| Zum Meersefeld 4 | |
| 31275 Lehrte | |
| Germany | |
| Phone: | +49 (0)5132/8850-221 |
| Fax: | +49 (0)5132/8850-111 |
| E-mail: | info@helma.de |
| Internet: | www.helma.de |
| ISIN: | DE000A0EQ578 |
| WKN: | A0EQ57 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1116661 |
| End of Announcement | DGAP News Service |
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1116661 13-Aug-2020 CET/CEST