Dr. Hönle AG: Hönle Group generates operating result of 3.7 million euros

Gräfelfing/München (pta007/21.02.2020/08:00 UTC+1) Revenue earned by the Hönle Group declined from TEur 30,250 in the previous year to TEur 25,499 in the first quarter of financial year 2019/2020. In the previous year already, a significantly lower order volume with a major customer in the field of sensor technology led to a decline in revenue. As expected, the effects of the decline in sales for this application were also clearly felt in the first quarter of the current financial year. The operating result (EBIT) amounted to TEur 3,681 after TEur 6,555 in the previous year, corresponding to an EBIT margin of 13.8 % after 21.0 % in the previous year. Earnings before tax (EBT) dropped 44.3 % to TEur 3,621. After income taxes, the consolidated profit amounted to TEur 2,608 which represents a decline of 44.0 %. Earnings per share fell from Eur 0.85 Eur to Eur 0.48. Net profit on sales decreased from 15.4 % to 10.2 % in the first quarter.

Outlook
Although the Hönle Group started the new year with restraint, the Management Board continues to assume that revenues of Eur 105 to 115 million and an operating profit of Eur 17 to 20 million will be generated by the Hönle Group in the 2019/2020 financial year.

Adhesives Segment
As in the previous year, the orders from a major customer in the sensor technology sector will
be lower in the current financial year also. However, revenue earned with both new and existing customers are expected to compensate for the decline in sales with this customer. Hönle succeed-ed in further extending the partnership with existing major customers and gain new high-potential customers at the same time. Hönle's customer base now includes all major smartphone manufacturers.
Since both the number and the volume of customer projects saw an increase, the Management Board sees good preconditions for strong medium- and long term business development in the Adhesives segment - the most profitable and also the most promising business segment of the Hönle Group.

Equipment & Systems Segment
Following a revenue decline in the previous year which was attributable, in particular, to weaker business in the printing industry, revenue and earnings in the Equipment & Systems segment are expected to rise again in the 2019/2020 financial year.
The Hönle Group further expanded its business relationships with existing customers in the printing industry and extended its product range in the printing sector with a view to developing sales potential outside the UV curing business.
In the field of surface disinfection, Hönle will add new technologies to its existing product range. Rising sales and the cost-saving measures already implemented are expected to contribute to a significant improvement in earnings in the Equipment & Systems segment by the end of the financial year.

Glass & Lamps segment
In the Glass & Lamps segment, Aladin GmbH was relocated to site of UV-Technik Speziallampen GmbH. Production capacities were significantly increased at the new location to accommodate the planned growth in the ballast water disinfection segment.
It is expected that the quartz glass market will pick up in the first half of the year 2020. After a weaker first quarter, successful product qualification and ongoing qualification processes with major customers from the semiconductor and fibre optics market are expected to contribute to a sales and earnings increase in the second half of the financial year.

The full quarterly statement is available at:
https://www.hoenle.com/investor-relation/financial-information

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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