Heidelberger Druckmaschinen rises on higher operational profitability

Heidelberger Druckmaschinen AG

04/08/2023 11:28

** Heidelberger Druckmaschinen  HDDG.DE  shares rise to
2.86% at 1.44 euros as company reports strong Q1 results
    ** The German precision mechanical engineering firm's Q1
adjusted EBITDA up 18 mln euros to 42 mln euros ($46 million)
   ** "Heidelberger posted a strong increase in operational
profitability, if one-off gain from asset disposals in Q1 22/23
are excluded. EBITDA is up by 74% year-on-year on efficiency
gains, product mix and the Chinese plant in operation again" -
MM Warburg analyst Stefan Augustin    
    ** Stock on track for best day since June 2, when it closed
2.9% higher


($1 = 0.9135 euros)

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))