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Heidelberger Druckmaschinen (HDD) investor relations material
Heidelberger Druckmaschinen Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales grew 6.1% year-over-year to €1,602 million after nine months, despite FX headwinds and a challenging macro environment.
Adjusted EBITDA margin improved to 7.1%, up 140 basis points year-over-year, reflecting robust operational execution and cost discipline.
Net result after taxes turned positive at €17 million, up from a €42 million loss in the prior year.
Free cash flow improved to €-81 million after nine months, better than the prior year's €-97 million, though still negative.
Strategic focus remains on efficiency, cost discipline, operational execution, and expansion into new growth markets including defense and dual-use technologies.
Financial highlights
Order intake declined 10.7% year-over-year to €1,628 million, impacted by FX and macroeconomic pressures.
Adjusted EBITDA rose to €114 million after nine months, up from €85.9 million the previous year.
Net financial position improved to €-18 million from €-51 million at the end of the previous fiscal year.
Equity ratio increased to 26.2%, with equity at €563 million.
Operating cash flow improved by roughly 50% year-over-year, driven by stronger EBITDA and better cost structure.
Outlook and guidance
Guidance for FY 2025/26 reaffirmed: net sales expected around €2,350 million, up from €2,280 million last year.
Adjusted EBITDA margin anticipated at the lower end of the up-to-8% range due to FX and macroeconomic headwinds.
Outlook remains cautious, reflecting significant FX headwinds and a persistently weak macro and trade environment.
- TimeTickerHeadlineOpen
- 6 FebWASH
Q4 2025 net income up 48%, adjusted EPS up 41%, AUA $7.8B, dividend yield 7.58%. - 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
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