Germany's Heidelberger Druck reports lower fiscal H1 sales
Overview
Germany printing press maker's fiscal H1 sales declined compared to prior year
Company's fiscal H1 incoming orders rose from prior year
Company cut full-year earnings forecast due to economic, cost, and product mix pressures
Outlook
Heidelberger Druck now sees FY 2026/27 adj EBITDA margin at 5.6%-6.6%
Company maintains FY 2026/27 sales forecast at stable levels versus prior year
Company cites global economic environment and cost pressure for lowering margin outlook
Result Drivers
ECONOMIC AND COST PRESSURE - Co cited global economic environment and continued cost pressure as main reasons for earnings forecast cut
PRODUCT MIX EFFECTS - Co said negative product mix effects, especially from Middle East developments, weighed on results
PROJECT DELAYS - Co attributed part of earnings forecast adjustment to delays in Technologies segment projects
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales | EUR 913 mln | ||
H1 Orders | EUR 1.14 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Heidelberger Druckmaschinen AG is €1.80, about 34.1% above its October 28 closing price of €1.34
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
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Oct 27 - Switzerland's Bucher Industries 9-month sales dip, orders fall on weak demand
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)