Heidelberger Druck: Hope for better times

Heidelberger Druckmaschinen is successful in reducing costs. The restructuring is in progress. This is evident from the latest figures. By 2022/2023 one wants to save costs of 170 million euros. Breakeven on an EBIT basis should then be possible with sales of around 1.9 billion euros. Baader’s analysts expect sales of around 2.2 billion euros in that financial year.

In the current financial year, however, the crisis should still be clearly felt. Sales could drop by 20 percent to 1.89 billion euros. The experts see EBITDA at around 150 million euros.

The experts confirm the “add” rating for the shares in Heidelberger Druckmaschinen. The price target was previously EUR 0.70. In the current study, it rises to 0.90 euros.

A risk discount of 10 percent is included. Otherwise the target price could be just over one euro.

The shares of Heidelberger Druckmaschinen gained 8.0 percent today to 0.81 euros.


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