Brief: Heidelberger Druckmaschinen 9-Month EBITDA At EUR 144 Mln

Heidelberger Druckmaschinen AG

08/02/2023 06:10

Feb 8 (Reuters) - HEIDELBERGER DRUCKMASCHINEN AG
 HDDG.DE :
    * HEIDELBERG WELL ON TRACK AFTER THREE QUARTERS OF  FY
2022/23
    * FORECAST FOR THE 2022/23 FINANCIAL YEAR CONFIRMED
    * EBITDA AFTER 9 MONTHS FURTHER INCREASED TO EUR 144 MILLION
(EBITDA MARGIN: 8.3 PERCENT)
    * STRENGTH OF INCOMING ORDERS FROM NORTH AMERICA, EUROPE, 
AND
GROWTH SEGMENT OF PACKAGING PRINTING  (€1,859 MILLION AFTER 9
MONTHS)
    * SUSTAINED SALES GROWTH IN THE THIRD QUARTER LEADS TO AN
INCREASE
OF AROUND 10 PERCENT TO EUR 1,729 MILLION
    * THE PRODUCTION-RELATED INCREASE IN INVENTORIES LED TO A
FREE
CASH FLOW OF €–4 MILLION IN THE THIRD QUARTER
    * IN THE THIRD QUARTER JUST  ENDED, FROM OCTOBER TO DECEMBER
2022,
THE GROUP BUCKED THE GENERAL TREND IN THE  MECHANICAL
ENGINEERING INDUSTRY BY RECORDING STABLE INCOMING ORDERS OF 
€630 MILLION
    * THE NET RESULT AFTER TAXES AFTER NINE  MONTHS ALSO ROSE
SIGNIFICANTLY AND AMOUNTED TO €54 MILLION (EQUIVALENT PERIOD OF 
PREVIOUS YEAR: €40 MILLION)
    * THIS LED TO A HIGH ORDER BACKLOG OF ALMOST €1 BILLION
    * AT €609 MILLION,  SALES IN THE THIRD QUARTER WERE AROUND 5
PERCENT UP ON THE EQUIVALENT QUARTER OF THE  PREVIOUS YEAR

Further company coverage:  HDDG.DE 
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