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Dr. Hönle AG

EANS-News: Hönle increases result by 72 %

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
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Financial Figures/Balance Sheet

Gräfeling/München (euro adhoc) - In the first quarter of financial year 2010/2011, the Hönle Group posted a 17.2 % increase in sales revenues to TEUR 14,506. Results of operations improved significantly especially due to the positive business development. Operating profit (EBITDA) climbed from TEUR 1,513 in the previous year to TEUR 2,454 in the first three months of the current financial year. Earnings before interest and taxes (EBIT) rose from TEUR 1,229 to TEUR 2,117 in the reporting period. Pre-tax earnings (EBT) climbed from TEUR 1,168 to TEUR 2,092 with an increase in consolidated income from the previous TEUR 821 to TEUR 1,448. Earnings per share rose from EUR 0.15 to EUR 0.27.

The operating cash flow improved from TEUR 312 in the previous year to TEUR 672 in the first quarter of the current financial year.

Outlook: The Hönle Group is experiencing sustained positive development that encompasses almost all of its sales markets. Other print application segments, such as digital printing, will probably contribute even more strongly to sales growth than the offset printing segment. Hönle is of the opinion that the remaining equipment engineering segment will likewise experience continued positive business development. The positive business trend also continues unabated in the adhesives segment. Provided that the general economic conditions do not deteriorate, the Hönle Group´s Management Board estimates an increase in sales revenues from EUR 54.6 million in the previous year to EUR 65 million in the current financial year while the operating result will rise from EUR 5.5 million to EUR 7.5 million in the same period.

Following the acquisition of Eltosch, Panacol and PrintConcept in 2008, UV-Technik Speziallampen GmbH was added to the Hönle Group in January of 2011. Hönle thus continues its strategy of strengthening its market position by means of acquisitions in addition to organic growth. The Management Board does not focus on achieving growth at any price, but rather aims to improve the Group´s earnings power on a sustained basis. The new Hönle Group has good potential for achieving significantly higher sales revenues and earnings than in the past.

About Hönle: Dr. Hönle AG is a listed technology company with registered head office in Gräfelfing, near Munich. With a staff level of ca. 350 employees, the Hönle Group is one of the world´s leading systems suppliers in the UV technology segment. The equipment and systems are used for drying inks and coatings, curing adhesives and plastics, disinfecting surfaces, and in the simulation of natural sunlight. The Company´s business activities focus also on the development and sale of industrial adhesives and compounds. The Group is represented by own companies and sales partners worldwide at 50 locations in more than 20 countries.

end of announcement                               euro adhoc
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Contact:

Peter Weinert
Tel.: +49 89 85608 173
E-Mail: peter.weinert@hoenle.de
Web: www.hoenle.de

Branche: Instrument Engineering
ISIN: DE0005157101
WKN: 515710
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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