Consumables
Hönle increases result by 72 %
Monday 28. February 2011 - In the first quarter of financial years 2010/2011, the Hönle Group posted a 17.2 % increase in sales revenues to T 14,506. Results of operations improved significantly especially due to the positive business development. Operating profit (EBITDA) climbed from T 1,513 in the previous year to T 2,454 in the first three months of the current financial year. Earnings before interest and taxes (EBIT) rose from T 1,229 to T 2,117 in the reporting period. Pre-tax earnings (EBT) climbed from T 1,168 to T 2,092 with an increase in consolidated income from the previous T 821 to T 1,448. Earnings per share rose from 0.15 to 0.27.
The operating cash flow improved from T 312 in the previous year to T 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 Groups Management Board estimates an increase in sales revenues from 54.6 million in the previous year to 65 million in the current financial year while the operating result will rise from 5.5 million to 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 Groups 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.