Dr. Hönle AG

EANS-News: Hönle reports positive result for the third quarter

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9-month report

Gräfeling/Munich (euro adhoc) - Hönle Group´s economic situation stabilised in the third quarter of the financial year. After some time, sales revenue increased again from TEUR 9,829 in the previous quarter to the TEUR 11,031. The operating result (EBIT) was also positive in the third quarter and stood at TEUR 115. In all, the Hönle Group´s sales revenue grew by 2.2 % to TEUR 33,611 in the first nine months of the year as a result of the corporate acquisitions made last year. By contrast, the operating result dropped from TEUR 4,808 in the previous year to TEUR -2,065 in the current financial year. The pretax result decreased from TEUR 5,117 to TEUR -2,120 in the same period and the consolidated result fell from TEUR 3,949 to TEUR -1,655. Earnings per share dropped from EUR 0.69 to EUR -0.30.

The Hönle Group´s liquid assets amounted to TEUR 3,896 as at 30 June 2009. The Group´s liquid assets, securities and treasury stock inventory (market value as at 30 June 2009) totalled TEUR 5,619. The equity capital ratio was 69.9 %.

Outlook: The economic situation appears to be gradually stabilising. There are many indicators that both the German economy and the global economy will stabilise on a low level. The business climate has improved considerably in the manufacturing industry, in particular. The downtrend also appears to have ended in the printing industry. First signs of recovery are noted in certain segments such as the digital printing segment. The economic situation also stabilised perceptibly at the Hönle Group. Sales revenues in the third quarter were again above the previous quarter´s level. It is particularly satisfactory that a slightly positive operating result was achieved despite the still historically low sales level. This success is due to the prompt counter-measures taken at the onset of the economic crisis. As a result of these measures, the Hönle Group will already become profitable in the coming financial year if  sales revenue of ca. EUR 42 million are achieved.

The integration of Eltosch GmbH systems - which up to now have been manufactured externally - into Dr. Hönle AG is making good progress and will probably be completed by the end of the financial year.   Both the Hönle and Eltosch systems can be produced more efficiently and at lower cost when produced internally. The planned move of Eltosch GmbH to new, smaller company premises will also contribute significantly to reducing expenses. Hönle established a new production site in Steinbach, near Frankfurt, for the international activities of the adhesives segment. Several old sites were closed down and, in addition to sales, purchasing and development activities were centralised at the new head office. The two adhesives specialists, Panacol and Wellomer, were pooled within the course of the restructuring process. The new structure optimises business processes and contributes to increasing the earnings power of the adhesives segment. Moreover, additional staff is to be recruited for the sales division and, in particular, the very dynamic Asian market is to be opened up further. By bundling its adhesives competency, Hönle has laid a solid basis for future growth of the adhesives segment.

The Management Board expects sales revenue and the operating result in the fourth quarter to be at almost the same level as in the previous quarter, excluding the effects that primarily relate to the Hönle Group´s restructuring process.

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ots Originaltext: Dr. Hönle AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Peter Weinert
Tel.: +49 (0)89 856 08 173
E-Mail: peter.weinert@hoenle.de

Branche: Instrument Engineering
ISIN:      DE0005157101
WKN:        515710
Index:    CDAX, Prime All Share, Technologie 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

Weitere Meldungen: Dr. Hönle AG

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