PTA-Adhoc: Dr. Hönle AG: Hönle expects operating result of Euro 12 to 13 million
Public disclosure of inside information according to article 17 MAR
Gräfelfing/Munich (pta022/28.07.2016/16:37) - The Hönle Group reduces its expectations for the current financial year. Revenues in the 2015/2016 financial year are expected to amount to Eur 90 to 92 million and the operating result will probably come to between Eur 12 and 13 million. Previously, the Company had assumed that revenues and the operating would be more or less on par with the previous year's level (Eur 92.2 million and Eur 13.5 million, respectively).
The expectations were adjusted, inter alia, due to developments in the Adhesives segment. Due to weaker demand in the field of smartphones, revenues will probably be lower compared with the forecast figures. Moreover, in the context of DRUPA, the world's largest trade show for print media, orders received in the Equipment & Systems segment decreased, and this will leed to a temporary revenue decline in the fourth quarter. Positive revenue effects due to the DRUPA are expected in the following quarters.
Positive business development is expected for the Glass & Lamps segment in financial year 2016/2017, which will be supported by Raesch Quarz (Germany) GmbH, in particular. Following the successful implementation of technical optimization processes, the company contributed positively to earnings in the third quarter and, in so doing, kicked off the turnaround. Consequently, after an overall weak result in the financial year 2015/2016, a clearly positive contribution to earnings is expected for the coming financial year.
Revenues and earnings are also expected to pick up in the Adhesives segment in the coming year. The strong expansion of the dealer network in Europe as well as current projects in connection with medical technology and consumer electronics will play a role in here.
The Hönle Group has a leading position in the field of LED drying technology and sheet-fed offset printing. Revenues are expected to see particularly positive development in this business field. In addition, the Hönle Group will probably benefit from a slight upturn in the market for printing machines used in package printing.
In addition to that, the relocation of a production site from Unterlüß near Celle to Dr. Hönle AG in Gräfelfing will lead to significant cost savings.
In all, the Hönle management expects a perceptible improvement in earnings for the financial year 2016/2017.
The quarterly report for the period from 1 October 2015 to 30 June 2016 will be published on 16 August 2016 as planned.
Dr. Hönle AG is a listed technology company with head office in Gräfelfing, near Munich. With a staff level of more than 500 employees, the Hönle Group is one of the world's leading systems suppliers in the UV technology segment. The equipment and systems are used for drying inks and coatings, curing adhesives and plastics, disinfecting surfaces, and in the simulation of natural sunlight. The company's business activities also include the development and sale of industrial adhesives and sealings. In addition, the group manufactures UV lamps that are used in water sterilisation and for other applications, and produces tubing and semi-finished goods made of quartz glass that are used by various branches of industry. The Hönle Group is represented worldwide in 28 countries by own companies and sales partners.
emitter: Dr. Hönle AG
address: Lochhamer Schlag 1, 82166 Gräfelfing/München
contact person: Peter Weinert
phone: +49 89 85608-173
ISIN(s): DE0005157101 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin