Heidelberger Druck showed H1 numbers that fell slightly short of our expectations although we had anticipated that Q2 profits would be lower than last year’s. Order inflow was up by 6% to almost €1.31bn, while revenue also increased by 6% to a good €1.11bn. Consolidated EBIT was unchanged from last year at €27m (-17% to €25m in Q2 alone) while the pre-tax loss was €5.5m compared to a profit of €2.0m. As a result, the pre-tax result fell by 50% to €8.5m
08 Nov 2018
Q2 profits fell and were lower than we had thought
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Q2 profits fell and were lower than we had thought
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
08 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Heidelberger Druck showed H1 numbers that fell slightly short of our expectations although we had anticipated that Q2 profits would be lower than last year’s. Order inflow was up by 6% to almost €1.31bn, while revenue also increased by 6% to a good €1.11bn. Consolidated EBIT was unchanged from last year at €27m (-17% to €25m in Q2 alone) while the pre-tax loss was €5.5m compared to a profit of €2.0m. As a result, the pre-tax result fell by 50% to €8.5m