Heidelberger Druckmaschinen 9-month Profit, Orders Down; Confirms FY24 Outlook

(RTTNews) – Heidelberger Druckmaschinen AG (HBGRF.PK), a German precision mechanical engineering company, on Wednesday reported nine-month net profit after tax of 34 million euros, down from 54 million euros last year.

Earnings per share amounted to 0.11 euros, compared to 0.18 euros a year ago.

Adjusted operating profit or EBITDA amounted to 135 million euros, compared to 125 million euros last year. The corresponding adjusted EBITDA margin increased to 8.0 percent from 7.2 percent in the prior year.

The technology company achieved a turnover of 1.69 billion euros, compared to 1.73 billion euros a year ago.

After a good first half, order intake in the third quarter reflected the economic situation. Overall, orders were significantly lower at 1.692 billion euros, compared to 1.859 billion euros the previous year.

For fiscal 2024, the company still expects sales to match those of the previous year. The adjusted EBITDA margin is also expected to remain at the prior year level.

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