Dr. Hönle AG: Hönle achieves an operating result of 6.6 million euros in the first quarter

Graefelfing, Munich (pta011/22.02.2019/07:35 UTC+1) Revenues of the Hönle Group in the first quarter of Eur 30,250 thousand were 2.4% higher than in the same period of the previous year.
The operating result (EBIT) amounted to Eur 6,555 thousand (previous year: Eur 7,392 thousand). This corresponds to an EBIT margin of 21.0% (previous year: 24.4%). The decline in earnings is attributable to lower sales in the Adhesives segment. Earnings before tax (EBT) decreased from Eur 7,319 thousand to Eur 6,503 thousand. After taxes on income, consolidated net income amounted to Eur 4,656 thousand compared to Eur 5,200 thousand in the previous year, which corresponds to earnings per share of Eur 0.85 (previous year: Eur 0.95). The net profit margin was 15.4% in the first quarter (previous year: 17.6%).

Outlook
After a very successful fiscal year 2017/2018, the Adhesives segment's sales and operating result in the current year are expected to be below the previous year's levels. This forecast is also based on the assumption that sales and earnings in the second quarter will be lower than in the previous year as well.

Promising projects in new fields of application can have a positive effect and offer the potential for sales and earnings in the second half of the financial year to exceed those of the previous year. In the medium to long term, the Executive Board expects a strong business development due to the expansion of existing customer relationships and a large number of ongoing projects.

Despite a strong first quarter in the financial year 2018/2019, revenues and earnings in the Equipment & Systems segment are expected to be below the levels of the previous year. This statement is based on lower incoming orders, especially from the printing industry in recent months.

The Management Board expects the Glass & Lamps segment to achieve positive revenue and earnings growth in the 2018/2019 financial year. The figures for the first quarter of the current fiscal year support this assessment. A high order backlog and lower scrap rates are expected to lead to increased sales and a positive earnings contribution from Raesch Quarz (Germany) GmbH in the 2018/2019 financial year. In addition, the Ballast Water Convention will contribute to the good business development of UV-Technik Speziallampen GmbH both in this financial year and in the next few years.

The Management Board continues to assume that the Hönle Group will achieve sales of Eur 115 to 130 million and an operating result of Eur 22 to 30 million in the 2018/2019 financial year.

The full quarterly statement is available at:
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 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