Business News

Hönle Gruppe realises operating profit of Mio. € 5.3

Friday 24. August 2012 - In the first nine months of fiscal year 2011/2012, sales of the Hönle Group increased partly due to the consolidation of new subsidiaries from T€ 48,036 last year to T€ 51,725 in the current fiscal year. The reluctance in the printing area in the run-up to the trade fair Drupa, and the decline in sales and the value adjustments in the amount of € 1.1 million as a result of the insolvency of Manroland had a negative effect on business of the Hönle Group.

The result was therefore under the previous year’s level. The Hönle Group generated in the first nine months an operating profit (EBIT) of T€ 5,316 (PY: T€ 7,642). Pre-tax earnings (EBT) amounted to T€ 4,961, after T€ 7,364 in the previous year, consolidated net income fell to T€ 3,285 from T€ 5,186 in the previous year. This corresponds to earnings per share of € 0.55 (PY: € 0.92).
After 15.9% in the previous year the EBIT margin amounted to 10.3% in the current year, the net profit margin decreased from 10.8% to 6.4%. The operating cash flow amounted to T€ 4,569 in the current fiscal year, after T€ 8,134 in the previous year. The Hönle Group’s equity capital ratio stood at 59.4%.
Outlook:
The Management Board aims at achieving sales revenues of more than € 70 million and an operating result of € 8 million for the Hönle Group in the 2011/2012 financial year.
Totally Hönle has weathered the impact of the Manroland insolvency good and due to the restructuring created the basis to realize future earnings level in the sheetfed sector at the level of the previous year.
Hönle presented this year to focus on the successful structural alignment of all companies in the Hönle Group, in particular the Raesch group, UV-Technik Speziallampen GmbH and Mitronic GmbH. Thereby Hönle created the conditions, to grow in existing as well as new markets and to increase sales with short-lived goods by strengthening the segment ‘Glass and Lamps’.
Provided that the general economic conditions do not deteriorate significantly, the Hönle Group perceives good opportunities to exceed the sales threshold of € 100 million in the next three years. The aim is to achieve thereby an EBIT ratio of 14% to 16%.