Graefelfing (pta013/07.08.2020/07:40) - The Hönle Group generated sales revenues of TEur 71.734 in the first nine months of the financial year 2019/2020, which is 11.7% below the previous year's level. The operating result (EBIT) dropped from TEur 13,256 to TEur 6,287. The COVID 19 pandemic led to clearly lower sales revenue and earnings contributions in the third quarter, in particular, weighting on the business development of all segments of the Hönle Group. Moreover, special influences (merger of Aladin GmbH with UV-Technik Speziallampen GmbH) had an adverse impact on earnings of the Glass & Lamps segment.
Earnings before tax (EBT) contracted from TEur 13,084 to TEur 6,069 in the nine-month period. After income taxes, net consolidated profit amounted to TEur 4,739 in comparison with TEur 9,236 in the previous year, corresponding to earnings per share of Eur 0.87 (PY: Eur 1.69). The net profit on sales thus fell from 11.4% to 6.6%.
As a consequence of the COVID 19 pandemic, Dr. Hönle AG withdrew its outlook for the 2019/2020 financial year in April 2020. The pandemic will probably impact on the Hönle Group's course of business until the end of financial year 2019/2020.
Hönle has taken the crisis as an opportunity to create the basis for further growth in all segments once the pandemic has subsided and economic conditions have improved. The Hönle Group also plans to further expand its market position over the short and medium term.
The customer base in the Adhesives segment was significantly expanded. Today, all major smartphone manufacturers are customers of Hönle, thus reducing dependence on key accounts.
Since both the number and volume of customer projects increased significantly and some projects are at an advanced stage, the Management Board assumes good conditions for strong business development in the Adhesives segment over the medium to long term. Staffing levels in the areas of sales and development for industrial adhesives were stepped up accordingly.
Equipment & Systems Segment
In the context of the COVID 19 pandemic, Hönle extended its product range to include high-performance UVC air and surface disinfection systems. As a result of the pandemic, sensitivity to and global demand for disinfection solutions has increased dramatically. The Management Board sees excellent growth perspectives for the Hönle Group as one of the largest UV suppliers in this interesting life science market.
Hönle has also supplemented its product range to include new technologies in the field of surface disinfection, for example for the food industry. Moreover, the Hönle Group continued to expand its business relationships with existing customers from the printing industry and extended its product range in the printing segment with a view to tapping additional sales potential outside of UV drying. Consequently, the Equipment and Systems segment is expected to see a good business development in the medium to long term.
Glass & Lamps Segment
In the Glass & Lamps segment, Aladin GmbH was relocated to the premises of UV-Technik Speziallampen GmbH. The newly established Lamp Competence Centre in Ilmenau bundles the low- and medium-pressure lamp units in order to facilitate more efficient work processes. In addition, production capacities were significantly increased to accommodate the planned growth in ballast water disinfection and UVC disinfection systems for COVID-19. Rising sales of lamps and components for disinfection systems will contribute to a good business development at UV-Technik Speziallampen GmbH from the next financial year onwards.
The quartz glass market is also expected to pick up in the next financial year. Moreover, improved purchasing conditions at Raesch Quarz (Germany) GmbH will lead to a significant reduction in the cost of materials ratio. The planned expansion of sales capacities in connection with high-quality quartz glass products for the semiconductor, glass fibre and lamp industry will probably contribute to a favourable business development at Raesch Quarz (Germany) GmbH.
|emitter:||Dr. Hönle AG|
Lochhamer Schlag 1
|contact person:||Peter Weinert|
|phone:||+49 89 85608-173|
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