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HELMA Eigenheimbau AG Comments on Medium-Term Forecast; Updates on Bond Issuance


Monday, 14 Oct 2013 01:48am EDT 

HELMA Eigenheimbau AG announced that based on business growing in all areas, the Company predicts revenue growing to approximately EUR 250.0 million within a five-year timeframe (from EUR 114.0 million in the fiscal year 2012). Furthermore, the Management Board of HELMA Eigenheimbau AG has approved the early calling of its existing EUR 10 million, 6.5% bond as of December 1, 2013. This bond was issued in 2010, and the early cancellation occurs pursuant to Sections 3.4 and 8.5 of the respective bond terms. The Company had reserved this call right. HELMA Eigenheimbau AG is deploying surplus liquidity from its operating business in this context. 

Company Quote

25.49
-0.35 -1.35%
26 Aug 2014