Consolidated sales and order inflow numbers were both down in H1 17/18. Revenue fell by 1.7% to €1.05bn, whereas order inflow decreased by 12% to €1.23bn. In spite of this, Heidelberger Druck’s profits recovered as costs for in-sourcing and for rents and leases were down. EBIT reached €27m compared to €11m in H1 16/17 and the bottom line showed a small net profit of €0.3m compared to a loss of €28m. However, all these numbers fell short of our expectations.
09 Nov 2017
We had expected better figures
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We had expected better figures
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
09 Nov 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Consolidated sales and order inflow numbers were both down in H1 17/18. Revenue fell by 1.7% to €1.05bn, whereas order inflow decreased by 12% to €1.23bn. In spite of this, Heidelberger Druck’s profits recovered as costs for in-sourcing and for rents and leases were down. EBIT reached €27m compared to €11m in H1 16/17 and the bottom line showed a small net profit of €0.3m compared to a loss of €28m. However, all these numbers fell short of our expectations.