Heidelberger Druck’s order inflow was about unchanged at €2.59bn in 2017/18 and revenue fell by 4% to €2.42bn. As a result, EBIT was down by 5% to €103m while net profit collapsed by 61% to €14m as a consequence of the US income tax reform which increased deferred tax charges by €25m. Except for order inflow, all the numbers released were lower than we had anticipated and management blames currency effects. Excluding these, revenue would have fallen by 1.3%.
08 May 2018
Preliminary numbers below our expectations
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Preliminary numbers below our expectations
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
08 May 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Heidelberger Druck’s order inflow was about unchanged at €2.59bn in 2017/18 and revenue fell by 4% to €2.42bn. As a result, EBIT was down by 5% to €103m while net profit collapsed by 61% to €14m as a consequence of the US income tax reform which increased deferred tax charges by €25m. Except for order inflow, all the numbers released were lower than we had anticipated and management blames currency effects. Excluding these, revenue would have fallen by 1.3%.