In the first six months of the 2016/2017 financial year, revenue generated by the Hönle Group increased by 5.4% to Eur47,228 thousand. Revenue in the first quarter was down on the previous year due to the relocation of a production site of Eltosch Grafix GmbH to Dr. Hönle AG in Gräfelfing near Munich, before returning to growth in the second quarter as expected.
The operating result improved by 5.2% to Eur5,623 thousand. Earnings before taxes rose by 6.3% to Eur5,481 thousand, while consolidated net income improved by 7.3% to Eur3,819 thousand. This corresponds to earnings per share of Eur0.70 (previous year: Eur0.64).
The individual earnings ratios developed as follows: The EBIT margin amounted to 11.8% after 11.6% in the previous year. The net profit on sales ratio increased from 7.9% to 8.1%.
The relocation of a production site had an adverse effect on the Group's revenue and earnings in the first quarter of the current financial year in particular. We anticipate steady growth in revenue and earnings in the second half of the year. Among other things, this forecast is based on expected major orders in the Adhesive segment, which will help to drive a significant improvement in earnings in the second half of the year, and in the fourth quarter in particular.
Assuming the general economic conditions remain unchanged, we are continuing to anticipate revenue of between Eur95 million and Eur105 million and an operating result of between Eur14 million and Eur16 million for the Hönle Group in the 2016/2017 financial year.
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|
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