In the first quarter of financial year 2016/2017, the Hönle Group generated sales revenues of TEur 22,180, which corresponds to a 2.0 % decrease year-on-year. The operating result (EBIT) of TEur 2,228 was below the prior-year's figure of TEur 2,788. The decline in earnings is due to temporarily lower sales revenues generated in the Equipment & Systems segment in the context of the relocation of an Eltosch Grafix GmbH production site to Dr. Hönle AG in Gräfelfing near Munich.
The Hönle Group's earnings before tax stood at TEur 2,159 (PY: TEur 2,687) and consolidated net income amounted to TEur 1,503 (PY: TEur 1,878). This corresponds to earnings per share of Eur 0.27 (PY: Eur 0.34). The EBIT margin came to 9.7 % in the reporting year after 12.1 % in the previous year. Net return on sales declined from 8.3 % to 6.8 %.
The relocation of a production site led to a drop in sales revenues and earnings in the first quarter of the new financial year. Looking ahead, the Management Board expects a clearly improvement in business development in all segments, particularly in the third and fourth quarters. This forecast is also supported by expected major contracts in the Adhesives segment which will contribute to a strong rise in earnings in the second half of the year.
Moreover, the Glass & Lamps segment will continue to develop positively after a good start in the new financial year. Stable manufacturing processes and the recent start of production activities at the newly established resize centre of Raesch Quarz (Germany) GmbH are expected to contribute to this development. The new centre enables the manufacture of quartz glass tubing with a diameter of up to one meter for the semi-conductor industry. Raesch Quarz (Germany) GmbH thus expands its production capacity and further improve its position as quartz glass specialist.
Due to the high order backlog and current projects, we also expect positive business development for the Equipment & Systems segment in the third and fourth quarter, in particular.
Given unchanged general economic conditions, we continue to expect sales revenue of between Eur 95 million and Eur 105 million for the Hönle Group in financial year 2016/2017 and an operating result of between Eur 14 million and Eur 16 million.
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.
Dr. Hönle AG
Lochhamer Schlag 1
|Contact Person:||Peter Weinert|
|Phone:||+49 89 85608-173|
|Stock Exchange(s):||Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart|