Heidelberger Druckmaschinen jumps on prelim FY results above expectations

Heidelberger Druckmaschinen AG

27/04/2023 07:26

** Shares in Heidelberger Druckmaschinen  HDDG.DE  are seen
up 4.7% in early Frankfurt trade after the German precision
mechanical engineering company reported on Wednesday its prelim
FY results exceeding guidance and expectations
    ** "Heidelberger Druckmaschinen's net result after taxes for
the past financial year 2022/2023 is expected to exceeded the
company's forecast and consensus expectation" Baader Helvea says
    ** Heidelberger expects a positive net result after taxes
around 90 million euros ($99.50 million) for financial year of
2022/2023, which is around 24 million euros above market
expectation according to the company
    ** The company reported it expects sales at 2.4 billion
euros ($2.65 billion), slightly above its target of around 2.3
billion euros
    ** Stock seen at the top of Germany's small-cap
index .SDAXI 


($1 = 0.9046 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))