Brief: Heidelberger Druckmaschinen Raises Target Margin For 2020/21

Heidelberger Druckmaschinen AG

10/02/2021 06:04

Feb 10 (Reuters) - HEIDELBERGER DRUCKMASCHINEN AG  HDDG.DE :
    * ORDER LEVELS RECOVERING AND TRANSFORMATION TAKING EFFECT –
HEIDELBERG RAISES TARGET MARGIN FOR 2020/21
    * EBITDA EXCLUDING RESTRUCTURING RESULT INCREASES AFTER NINE
MONTHS TO € 147 MILLION (PREVIOUS YEAR: € 117 MILLION)
    * DEMAND RECOVERS IN CHINA AND EUROPE; INCOMING ORDERS IN
DECEMBER
2020 BACK UP ON THE PREVIOUS YEAR FOR THE FIRST TIME
    * FREE CASH FLOW IN THE THIRD QUARTER CLEARLY POSITIVE AT €
42
MILLION
    * EARNINGS TARGET RAISED FOR FY 2020/21 – EBITDA MARGIN
EXCLUDING
RESTRUCTURING RESULT EXPECTED TO BE ABOUT 7%

Further company coverage:  HDDG.DE 

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