Engineer specializing in mechanics - Heidelberger Druck approaches the upcoming fiscal year with a degree of caution.
This business projects to have 7.2% of revenue left as Ebitda (profit before interest, taxes, and depreciation) after subtracting exceptional events, taxes, and interest - the same as prior to now. The firm traded on the SDax (S-DAX) shared important statistics for the former financial year in mid-May.
The manufacturer of printing devices also unveiled that several orders from the fair Drupa played a role in the rebound of incoming orders in the latest fiscal year. For the first quarter, they anticipate income of 650 million euros. Due to better usage of production capacity, the business intends to halt short-time work at its German outposts in June 2024.
In the closed fiscal term (ending in March), the Ebitda dropped by two percentage points. The gain of 91 million euros in the previous year plummeted to 39 million euros. The increased pension interest liability was one of the reasons.
Interestingly, in mid-April, it was made known that the previous CEO, Ludwin Monz, would step down from his role. The current CEO of S.Oliver, Jürgen Otto, will take his place.
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- Despite being located in the prosperous region of Baden-Württemberg, home to cities like Heidelberg, Heidelberger Druck is approaching the new financial year with caution due to a projected decline in earnings.
- The mechanical engineering company, Heidelberger Druck, which is listed on the SDAX index, reported a drop in Ebitda by two percentage points in the previous fiscal year, which ended in March, despite recording a gain of 91 million euros in the previous year.
- During the first quarter of the current financial year, Heidelberger Druck projects a revenue of 650 million euros, enabling the company to halt short-time work at its German outposts by June 2024.
- Despite the decline in earnings, the global economic situation is impacting various industries, including mechanical engineering, which Heidelberger Druck, as a firm specializing in print technology, is part of.
