Brief: Heidelberger Druckmaschinen FY Net Result At EUR 33 Mln

Heidelberger Druckmaschinen AG

09/06/2022 06:05

June 9 (Reuters) - HEIDELBERGER DRUCKMASCHINEN AG  HDDG.DE :
    * SALES SET TO RISE TO AROUND EUR2.3 BILLION IN FY 2022/23,
WITH A
HEALTHY ORDER BACKLOG OF EUR900 MILLION - PRIMARILY DUE TO
GROWTH IN COMPANY'S CORE BUSINESS
    * HIGHLIGHTS OF FINANCIAL YEAR 2021/22: SALES UP 14 PERCENT
TO
EUR2.183 BILLION AND EBITDA MARGIN INCREASES TO 7.3 PERCENT
    * DESPITE MAJOR GLOBAL UNCERTAINTIES DUE TO CONFLICT IN
UKRAINE
AND PANDEMIC-RELATED LOCKDOWNS IN CHINA, PROSPECTS OF HEIDELBERG
ONCE AGAIN ENJOYING PROFITABLE GROWTH IN FINANCIAL YEAR 2022/23
ARE GOOD
    * FY SALES ROSE BY 14 PERCENT TO EUR2.183 BILLION
    * ASSUMING THERE IS NO FURTHER DROP-OFF IN DEMAND OR
WORSENING OF
SUPPLY CHAIN SITUATION, SALES ARE SET TO INCREASE TO AROUND
EUR2.3 BILLION (FY 2021/22: EUR2.183 BILLION)
    * IS CAUTIOUSLY OPTIMISTIC AS IT EMBARKS ON FINANCIAL YEAR
2022/23
    * COMPANY IS PREDICTING A FURTHER IMPROVEMENT IN EBITDA
MARGIN TO
A LEVEL OF AT LEAST 8 PERCENT IN FINANCIAL YEAR 2022/23 (FY
2021/22: 7.3 PERCENT)
    * FY NET RESULT AFTER TAXES INCREASED FROM EUR-43 MILLION TO
EUR33
MILLION
    * NET RESULT AFTER TAXES IS ALSO SET TO INCREASE AT LEAST
SLIGHTLY
COMPARED WITH FINANCIAL YEAR 2021/22 (EUR33 MILLION)
    * FY OPERATIONAL IMPROVEMENT THAT SERVES AS A BASIS FOR
EBITDA WAS
OVER EUR100 MILLION

Source text for Eikon:  ID:nEuKLHDNa 
Further company coverage:  HDDG.DE 

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