Brief: Heidelberger Druckmaschinen FY Sales Up At EUR 2.435 Billion

Heidelberger Druckmaschinen AG

14/06/2023 07:00

June 14 (Reuters) - HEIDELBERGER DRUCKMASCHINEN AG
 HDDG.DE :
    * TARGETS ACHIEVED IN DIFFICULT ECONOMIC ENVIRONMENT IN
FISCAL
2022/2023, FREE CASH FLOW BENEFITS FROM ONE-TIME EFFECTS
    * HEIDELBERG LAUNCHES VALUE ENHANCEMENT PROGRAM TO
STRENGTHEN
FINANCIAL POWER
    * OUTLOOK 2023/2024: SHAPED BY ECONOMIC POLICY UNCERTAINTIES
    * FY SALES UP ABOUT 12% AT EUR 2.435 BILLION VERSUS EUR
2.183
BILLION YEAR AGO
    * NEW STRATEGY WITH FUTURE PROSPECTS: EXPANDING PRINT AND
OPENING
UP NEW MARKETS
    * FY FREE CASH FLOW POSITIVE AT EUR 72 MILLION, BUT
BENEFITED FROM
NON-RECURRING ITEMS
    * FY EBITDA MARGIN AT AT 8.6%, EXCEEDED TARGET OF AT LEAST
8%
    * FY EARNINGS AFTER TAXES AT EUR 91 MILLION DUE TO HIGHER
ABSOLUTE
EBITDA AND NON-RECURRING RELIEF IN FINANCIAL AND TAX RESULT
    * OUTLOOK 2023/2024: ADJUSTED EBITDA MARGIN IS EXPECTED TO
REMAIN
AT PREVIOUS YEAR'S LEVEL (YEAR AGO: 7.2%)
    * OUTLOOK 2023/2024: SALES TO MATCH PRIOR-YEAR FIGURE (YEAR
AGO:
EUR 2.435 BILLION)

Further company coverage:  HDDG.DE 

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