Management expects the tax reform to lead to an additional €25m in income tax charges in the current fiscal year. This will not be cash effective but simultaneously lead to lower deferred tax assets, i.e. this asset item will be down, as will equity. Management previously expected net earnings to increase in 2017/18 but now sees it coming in considerably below last year’s €36m. Our current projections see net earnings of €57m. However, including the above tax charge, it w
29 Dec 2017
US tax reform burdens 2017 net earnings by €25m
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US tax reform burdens 2017 net earnings by €25m
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
29 Dec 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management expects the tax reform to lead to an additional €25m in income tax charges in the current fiscal year. This will not be cash effective but simultaneously lead to lower deferred tax assets, i.e. this asset item will be down, as will equity. Management previously expected net earnings to increase in 2017/18 but now sees it coming in considerably below last year’s €36m. Our current projections see net earnings of €57m. However, including the above tax charge, it w