Heidelberger Druck’s order inflow was up by 7% to €1.9bn and revenue increased by 16% to €1.8bn. While the book-to-bill ratio was 1.14 in H1, it fell to 0.91 in Q3. Good revenue growth resulted in EBIT more than doubling to €65m (from €29m in 9M14/15) and the pre-tax loss falling from €92m to almost zero. Whereas the revenue number is short of our projected €1.88bn, the two profit numbers are better. We had expected EBIT of €59m and a pre-tax loss of &
10 Feb 2016
Most 9M 2015/16 numbers are reasonable
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Most 9M 2015/16 numbers are reasonable
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
10 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Heidelberger Druck’s order inflow was up by 7% to €1.9bn and revenue increased by 16% to €1.8bn. While the book-to-bill ratio was 1.14 in H1, it fell to 0.91 in Q3. Good revenue growth resulted in EBIT more than doubling to €65m (from €29m in 9M14/15) and the pre-tax loss falling from €92m to almost zero. Whereas the revenue number is short of our projected €1.88bn, the two profit numbers are better. We had expected EBIT of €59m and a pre-tax loss of &