HELMA Eigenheimbau AG reported earnings results for the first half of 2018. For the period, the company reported revenue of EUR 96.6 million compared to EUR 110.1 million a year ago, mid-year earnings before taxes (EBT) grew to EUR 7.0 million compared to EUR 5.7 million a year ago. After deducting income taxes and the minority interests' share of earnings, consolidated net income after minority interests amounted to EUR 4.9 million compared to EUR 4.0 million a year ago. Earnings per share improved accordingly from EUR 1.00 to EUR 1.23. This represents an increase of 23 %. The achievement of earnings growth despite a reduction in revenue reflects a higher margin generated on a large number of property development projects. As in previous years, and due to weather and project related conditions, the HELMA Group will generate most of its annual net income during the second half of the year in 2018.

The Management Board confirms the forecast that it has issued for the 2018 and 2019 financial years. Given double-digit percentage growth rates, this envisages consolidated EBT for 2018 in a range between EUR 21.0 million and EUR 22.5 million.

For 2019, the consolidated EBT in a range between EUR 23.5 million and EUR 26.0 million.