The company had released preliminary sales, order inflow and some profit numbers earlier. Whereas the final numbers down to pre-tax earnings are about in line with our projections, net profit is higher as income tax charges amounted to €3.0m only (or a tax rate of slightly less than 10%), whereas we had expected a charge of €9m (or a ‘normalised’ tax rate of 30%). Simultaneously, net debt increased by €25m to €281m and pension provisions fell by €71m to &e
08 Jun 2016
Heidelberger Druck delivered, but outlook is very cautious indeed
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Heidelberger Druck delivered, but outlook is very cautious indeed
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
08 Jun 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The company had released preliminary sales, order inflow and some profit numbers earlier. Whereas the final numbers down to pre-tax earnings are about in line with our projections, net profit is higher as income tax charges amounted to €3.0m only (or a tax rate of slightly less than 10%), whereas we had expected a charge of €9m (or a ‘normalised’ tax rate of 30%). Simultaneously, net debt increased by €25m to €281m and pension provisions fell by €71m to &e