Stay updated with breaking news from Robin karpp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Message : Required fields HEIDELBERG, Germany, Aug. 4, 2021 /PRNewswire/ Heidelberger Druckmaschinen AG (Heidelberg) has made a positive start to financial year 2021/22 (April 1, 2021 to March 31, 2022). Thanks to a broad market recovery in virtually all regions and growing successes from the Group s transformation strategy, the company has been able to deliver the promised improvements in sales and operating profitability in the first quarter. For example, sales for the quarter increased by around a third compared with the equivalent period of the previous year, from € 330 million to € 441 million. EBITDA, which was influenced in the equivalent quarter of the previous year by high earnings of € 73 million from the reorganization of retirement provision and the widespread use of short-time working, improved substantially on an operational level to € 15 million. ....
Heidelberg starts new financial year with high order volume and improved operating profitability - Broad market recovery and successes from transformation strategy - Marked uptick in growth areas - successful trade show in China and strong expansion in e-mobility sector - Q1 sales up by around a third and incoming orders by nearly 90 percent - Notable improvement in operating profitability - EBITDA of € 15 million - Outlook for FY 2021/22: Increased sales of at least € 2 billion, improved EBITDA margin of 6 to 7 percent, and slightly positive net result after taxes - Sustainably high potential for result and free cash flow through lowering of break-even point to around € 1.9 billion in FY 2022/23 ....