Heidelberger Druckmaschinen shares jump along with Q1 earnings

Heidelberger Druckmaschinen AG

10/08/2022 07:10

** Shares of Heidelberger Druckmaschinen  HDDG.DE  rise 5.8%
in early Frankfurt trade after the German precision mechanical
engineering company reported a strong rise in Q1 core earnings
 urn:newsml:reuters.com:*:nFWN2ZL31M
    ** The company reports Q1 EBITDA at EUR 35 mln ($35.76 mln)
vs 15 mln a year earlier, with a margin of 6.7%
    ** Analysts at Baader Helvea had expected EBITDA of EUR 30.6
mln and a margin of 6.0%
    ** "In addition to the stronger invoicing volume and the
better capacity utilization, Heidelberg benefited from the
implemented structural cost reduction measures and gradually
better price quality," Baader says
    ** Heidelberger Druckmaschinen is seen on top of Germany's
small-cap index  .SDAXI 

($1 = 0.9789 euros)

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