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Dr. Hönle AG

EANS-News: Hönle with the expected weak first six months; improved orders position in the third quarter

Gräfeling/München (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
balance
The economic crisis also impacted on
the business development of the Hönle Group. With sales of TEUR 
22,580 in the first six months of the year, revenues saw an 
acquisition-based 25.2 % increase compared to the previous year´s 
period. Owing to the recession earnings before interest and tax 
(EBIT) dropped from TEUR 3,416 in the first half of the previous year
to TEUR -2,180 in the current financial year. Pre-tax earnings were 
down from TEUR 3,702 to TEUR -2,204 in the same period and the Group 
result declined from TEUR 2,844 to TEUR -1,686. Earnings per share 
fell from EUR 0.52 EUR to EUR -0.31.
The liquid assets, securities and treasury stock inventory amounted 
to TEUR 6,406 at the end of the reporting period and the equity 
capital ratio came to 66.5 %.
Outlook: Owing to the weak economic situation, Hönle resolved on a 
comprehensive package of measures at an early stage and has already 
implemented large parts of this. The measures include a reduction in 
personnel costs, transfer of the Eltosch production to Dr. Hönle AG, 
and restructuring the adhesives segment. As a consequence, the Hönle 
Group will already operate profitably after sales revenues have 
reached ca. EUR 42 million in the next financial year.
Integration of the hitherto externally manufactured Eltosch GmbH 
systems into Dr. Hönle AG is of central significance in this respect.
After control technology is being manufactured internally to a large 
extent, mechanics will follow in a second step. This will enable more
efficient production of Eltosch UV and IR systems at lower costs. The
integration process will be finalised at the end of the financial 
year.
A central location for the international activities of the Hönle 
Group adhesives segment was opened in March. Development, purchasing,
sales & marketing and also logistics are now pooled at the 
headquarters in Steinbach near Frankfurt. In the past, the business 
activities of Panacol GmbH and Wellomer GmbH as well as significant 
parts of Panacol AG in Switzerland were allocated to three different 
sites. The new structure leads to an improved information flow, 
optimises processes and contributes significantly to an increase in 
the earnings power of the adhesives segment. Investments in the new 
company premises ensure that all processes can be reflected in the 
best possible manner. State-of-the art laboratory equipment offers 
the technical preconditions for ensuring both efficient research 
activities and a high quality standard in production. The adhesives 
business of the Hönle Group is to be further expanded overall. To 
this end, personnel in sales and marketing will be increased and the 
extremely dynamic Asian market, in particular, will be tapped 
further.
Initial signs of stabilisation of the business situation are 
recognisable at the Hönle Group. Due to the improved orders position,
Management´s expectations are for rising sales in the third quarter 
in comparison with the last quarter. The short time work could be 
reduced perceptible in the third quarter. Moreover, the effects from 
the cost savings programme will make themselves felt. Overall, the 
Management Board expects a significantly improved result in 
comparison with the first and second quarter.
end of announcement                               euro adhoc

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

Plus de actualités: Dr. Hönle AG
Plus de actualités: Dr. Hönle AG
  • 14.08.2008 – 06:06

    Hönle reports sharp rise in sales revenue and profit

    ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies Gräfeling/München (euro adhoc) - The Hönle Group´s sales revenue in the first nine months of the current financial year increased by 72.6 % to TEUR 32,887. At the same time, the operating result (EBIT) improved by 60.0 % to TEUR 4,808, while earnings before taxes (EBT) increased by 41.3 % ...