PTA-News: Dr. Hönle AG: Hönle Group increases sales by 4.8% to Euro 72 million in the first nine months
Gräfelfing, Munich 17.Aug.2017
Business news for the stock market
Gräfelfing, Munich (pta011/17.08.2017/07:40) - In the first nine months of the 2016/2017 financial year, the Hönle Group generated revenue of Eur72,052 thousand or an increase of 4.8% compared to the previous year's period. The operating result (EBIT) came to Eur8,564 thousand, which is slightly below the previous year's figure of Eur8,785 thousand. The temporary decline in earnings is primarily due to restructuring processes in the Equipment & Systems segment. The restructuring processes concern the bundling of several warehouse sites at a new central warehouse in the Munich region and the relocation of the production site from Unterlüß to Gräfelfing. The Hönle Group's earnings before taxes decreased from Eur8,508 thousand to Eur8,353 thousand, while consolidated profit advanced from Eur5,713 thousand to Eur5,877 thousand due to a lower tax burden. This corresponds to earnings per share of Eur1.07 (PY: Eur1.03). The EBIT margin came to 11.8% in the reporting year after 12.3% in the previous year. The net profit on sales ratio dropped from 8.3% to 8.2%.
Assuming that the general economic conditions remain as they are, our expectations for the Hönle Group continue to be for revenue of Eur95 million to Eur105 million and an operating result of Eur14 million to Eur16 million in the 2016/2017 financial year.
Orders in the Adhesives segment will contribute significantly to very good business development in the fourth quarter. The Hönle Group's operating result in the next quarter is thus expected to be significantly higher than in the previous year. In the first quarter of the 2017/2018 financial year orders in the smart devices business will continue to contribute to a very favourable course of business and a leap in Hönle Group's earnings.
The complete quarterly statement can be downloaded here:
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 develops innovative solutions for different industrial production processes. The equipment is 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)
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