Heidelberger Druckmaschinen AG

Latest Results (07.08.2024):

Stable Incoming Orders

Heidelberger Druckmaschinen AG reported stable incoming orders for Q2 2023/2024, totaling €1,184 million. This figure is down approximately 3.7 percent from the previous year's €1,229 million, primarily due to exchange rate effects amounting to € – 36 million. Adjusted for these effects, the incoming orders remained at the strong level of the previous year.

Sales Performance

In Q2 2023/2024, Heidelberger Druckmaschinen AG's sales were reported at €1,092 million, reflecting a decrease of around 2.5 percent year-on-year. When adjusted for exchange rate effects, the sales figure aligns closely with the previous year's €1,125 million, indicating stable performance despite economic challenges.

Adjusted EBITDA Margin

Heidelberger Druckmaschinen AG achieved an adjusted EBITDA margin of 9.2 percent in the first half of the financial year 2023/2024. This represents an improvement from the adjusted previous-year figure of 8.2 percent, showcasing the company's enhanced operational efficiency and cost management.

Net Result After Taxes

The net result after taxes for Heidelberger Druckmaschinen AG in the first half of 2023/2024 was €33 million, down from €44 million in the previous year. This decline is attributed to higher tax expenses and increased interest expenses for pensions, impacting the overall profitability.

Free Cash Flow Improvement

Heidelberger Druckmaschinen AG reported an improvement in free cash flow in Q2 2023/2024 compared to the same period last year. The free cash flow totaled € – 28 million at the half-year point, reflecting intra-year growth in net working capital (NWC) and better cash management practices.