BERLIN (dpa-AFX) - Heidelberger Druckmaschinen AG (HBGRF.PK), a German precision mechanical engineering firm, reported that its first quarter net income was 5 million euros compared to a loss of 14 million euros in the prior year. On a per share basis, net income was 0.02 euros, compared to a loss of 0.05 euros in the previous year.
Group's sales for the first quarter grew by 20 percent year on year to 530 million euros. The significant increase can largely be attributed to the rise in the number of new machines delivered. The regions of Europe and North America recorded particularly positive developments. By contrast, results in China were sometimes weaker compared to the previous year, due to the extensive lockdowns in the economically relevant cities.
The company believes it has good opportunities for profitable growth in the 2022/23 financial year, too.
For the financial year, the company continues to expect sales to grow to around 2.3 billion euros compared to 2.183 billion euros in the prior year. Profitability is also expected to improve further.
The company forecasts further improvement in the EBITDA margin to at least 8 percent for the 2022/23 financial year. The net result after taxes is also expected to increase slightly compared to the prior year's 33 million euros.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
HEIDELBERGER DRUCK-Aktie komplett kostenlos handeln - auf Smartbroker.de