After a superb Q1 (because of the DRUPA fair) with an order inflow increase of 14% to €804m, Q2 saw orders falling by 2.6% to €604m. The respective revenue numbers were -14% to €486m and -2.2% to €586m, i.e. the new orders have not (yet) resulted in revenue. Thanks to cost reductions, Heidelberger Druck’s profits increased in Q2, but by less than we had anticipated. Due to very poor earnings delivered for Q1, which were in part due to DRUPA costs, the group’s H
09 Nov 2016
Profit recovery is slower than expected
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Profit recovery is slower than expected
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
09 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
After a superb Q1 (because of the DRUPA fair) with an order inflow increase of 14% to €804m, Q2 saw orders falling by 2.6% to €604m. The respective revenue numbers were -14% to €486m and -2.2% to €586m, i.e. the new orders have not (yet) resulted in revenue. Thanks to cost reductions, Heidelberger Druck’s profits increased in Q2, but by less than we had anticipated. Due to very poor earnings delivered for Q1, which were in part due to DRUPA costs, the group’s H