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

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

• Oct 26 - Germany's EDAG Engineering prelim 9M revenue falls on automotive customer restructuring, cuts FY26 outlook

• Oct 28 - Symrise heads for worst day in eight years on growth, margin woes

• 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.)