Dr. Hönle AG: Hönle Adjusts Forecast

Gräfelfing/München (pta042/31.07.2019/18:30 UTC+2) The Management Board assumes that the Hönle Group will achieve sales of Eur 105 to 110 million and an operating result of Eur 17 to 19 million in the 2018/2019 financial year. Previously, the Management Board had assumed to achieve the lower end of Eur 115 to Eur 130 million in revenue and Eur 22 to 30 million in operating profit respectively.

Based on the current state of knowledge, the change in the supplier strategy of a major end customer will have a negative impact on the revenue development of the Hönle Group in the Adhesives segment. Accordingly, it is expected that sales with a major customer in the field of sensors will be lower.
Nevertheless, the Management Board expects a strong business development for the coming years. Both the expansion of existing important customer relationships and the acquisition of new customers, which include technology and global market leaders in consumer electronics, automotive and medical technology, will contribute to this development.
In addition, the quality as well as the number and volume of customer projects in the adhesives segment was increased significantly year-on-year. The number of products already qualified by customers also has been significantly expanded.
To accelerate growth, the distribution capacities in the segment Adhesives will be increased by 35% in financial year 2019/2020. In addition, investments will be made in the expansion of research and development capacities.

Sales and earnings in the Equipment & Systems segment will be lower in the financial year 2018/2019, compared with the previous year. This is due to lower incoming orders from the printing industry in particular .

In the Glass & Lamps segment, a positive sales and earnings development is expected.
In addition to a good business development at Raesch Quarz (Germany) GmbH, the higher sales of ballast water sterilization systems at UV-Technik Speziallampen GmbH will contribute to this development.

The figures for the first nine months of the financial year 2018/2019 will be published on 09 August 2019.

About Hönle
Dr. Hönle AG is a listed technology company with head office in Gräfelfing, near Munich. With a staff level of more than 600 employees, the Hönle Group develops innovative solutions for different industrial production processes. The equipment is used for drying inks and coatings, curing adhesives and plastics, disinfecting surfaces, and in the simulation of natural sunlight. The company's business activities also include the development and sale of industrial adhesives and sealings. In addition, the group manufactures UV lamps that are used in water sterilisation and for other applications and produces tubing and semi-finished goods made of quartz glass that are used by various branches of industry. The Hönle Group is represented worldwide in more than 20 countries by own companies and sales partners.

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Emitter:	Dr. Hönle AG Lochhamer Schlag 1 82166 Gräfelfing/München Germany
Contact Person:	Peter Weinert
Phone:	+49 89 85608-173
E-Mail:	peter.weinert@hoenle.de
Website:	www.hoenle.de
ISIN(s):	DE0005157101 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate