Dr. Hönle AG: Operating result surges by 168 % to Euro 15.0 million

Graefelfing/Munich (pta007/18.05.2018/07:30 UTC+2) The Hönle Group's sales revenues increased by 28.5 % to TEur 60,671 in the first six months of the 2017/2018 financial year. The operating result surged by 167.6 % to TEur 15,047 due to the high proportion of adhesive revenues. Revenues earned in the Adhesives segment almost doubled in the first half of the financial year. This positive business development is due, in particular, to orders from the electronics industry in the smart phones segment.
Earnings before tax (EBT) climbed 172.2 % to TEur 14,919 and the consolidated result was up 181.9 % to TEur 10,765. This corresponds to earnings per share of Eur 1.96 (PY: Eur 0.70).

In detail, the profit ratios developed as follows: The EBIT margin picked up from 11.8 % in the previous year to 24.5 % in the reporting year, while net profit on sales climbed from 8.1 % to 17.7 %.

Outlook
Orders on hand in the Equipment & Systems segment are significantly above the previous year's level due, among other things, to the printing industry's strong demand for LED drying systems, in particular. Thus, increasing revenue and earnings contributions are expected in the further course of business of the Equipment & Systems segment.

Positive development is also projected for the Glass & Lamps segment. A high order backlog and current customer projects will contribute to this development. In addition, stable manufacturing processes and increasing capacity utilisation at the new resize centre of Raesch Quarz (Germany) GmbH are expected to lead to an increase in sales revenues and earnings in this segment.

Following an excellent start to the new financial year in the Adhesives segment, the Management Board expects encouraging business development in the second half of the year also. Orders in the electronics and automotive segments will, in particular, contribute to this development.

Following revenues of Eur 101.9 million and an operating result of Eur 15.2 million in the last financial year, the Management Board now aims at achieving revenues of between Eur 115 million and Eur 125 million and the upper edge of the previously communicated operating result of Eur 22 million to Eur 26 million for the Hönle Group in financial year 2017/2018.

The complete quarterly statement can be downloaded here:
https://www.hoenle.com/investor-relation/financial-information

About Hönle
Dr. Hönle AG is a listed technology company with head office in Gräfelfing, near Munich. With a staff level of about 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 28 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