Business News
Hönle generated operating profit of EUR 8.3 million in financial year 2011/2012
Wednesday 05. December 2012 - According to preliminary figures, Hönle increased revenue in financial year 2011/2012 by 6.2% to EUR 72.1 million. This is mainly due to the initial consolidation of Raesch Quarz (Germany) GmbH, Langewiesen and Raesch Quarz (Malta) Ltd., Malta. Sales in the printing market were below the previous year's figure due to the insolvency of Manroland AG and the buying restraint in advance of the Drupa trade fair.
annual result
According to preliminary figures, Hönle increased revenue in financial year 2011/2012 by 6.2% to EUR 72.1 million. This is mainly due to the initial consolidation of Raesch Quarz (Germany) GmbH, Langewiesen and Raesch Quarz (Malta) Ltd., Malta. Sales in the printing market were below the previous year’s figure due to the insolvency of Manroland AG and the buying restraint in advance of the Drupa trade fair. The write down of receivables of insolvent Manroland AG in the amount of EUR 1.1 million in the first quarter, in addition led to a decrease in operating profit (EBIT) of EUR 11.3 million in fiscal year 2010/2011 to EUR 8.3 million in the financial year 2011/2012. Net profit amounted to EUR 5.4 million in the fiscal year after EUR 7.5 million in the previous year. This corresponds to earnings per share of EUR 0.88 (previous year: EUR 1.30).
Cash and cash equivalents of the Hönle Group amounted to EUR 9.3 million as at 30.09.2012 (PY: EUR 12.9 million). The equity ratio was 60.6%.
In the course of the takeover of the quartz glass specialists Raesch a reorganization of the business segments of the Hönle Group was made in the sectors ‘equipment and systems’, ‘adhesives’ and ‘glass and lamps’. The Hönle Group generated a turnover of EUR 38.3 million in the segment ‘equipment and systems’ (previous year EUR 42.3 million), EUR 15.7 million in the segment ‘adhesives’ (previous year EUR 17.7 million) and EUR 18.1 million in the segment ‘glass and lamps’ (previous year: EUR 7,9 million).
The Dr. Hönle AG Management Board and the Supervisory Board plan to have the shareholders participate in the company’s business success and will propose to the Annual General Meeting that a dividend of EUR 0.50 per share be paid out.
Outlook:
In the recent years Hönle has emerged from a system manufacturer focusing on the printing industry into a group of companies, which achieves a majority of their sales outside the printing industry. The segments ‘adhesives’ and ‘glass and lamps’ offer in interesting markets a huge growth potential.
For the fiscal year 2012/2013 the Management Board aims at generating sales of EUR 85 million and operating profit of EUR 12 million in the Hönle Group.
Unless the economic conditions deteriorate significantly, the Hönle Group has a good chance to exceed the turnover threshold of EUR 100 million in the next three years. In addition to the purely organic growth also the acquisition of companies for the expansion of business activities of the Hönle Group will be important.
The final results and the annual report will be published on 14 January 2013.