Cash flow Heidelberger Druckmaschinen AG

Equities

HDD

DE0007314007

Industrial Machinery & Equipment

Market Closed - Xetra Other stock markets 11:35:12 2025-06-13 am EDT			5-day change	1st Jan Change
1.574 ^EUR	-4.49%		+11.00%	+72.21%

Jun. 06	Heidelberger Druckmaschinen Aktiengesellschaft, 2025 Earnings Call, Jun 05, 2025
Jun. 05	Heidelberger Druck expects upturn thanks to good order situation	DP

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Published financial data: HEIDELBERGER DRUCKMASCHINEN AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.94B	2.2B	2.47B	2.42B	2.31B
Total Revenues	1.94B	2.2B	2.47B	2.42B	2.31B
Cost of Goods Sold, Total	943M	1.01B	1.15B	1.12B	1.05B
Gross Profit	993M	1.19B	1.32B	1.31B	1.27B
Selling General & Admin Expenses, Total	657M	821M	827M	837M	855M
Depreciation & Amortization - (IS)	77.67M	76.76M	77M	76M	76M
Other Operating Expenses	226M	275M	315M	351M	290M
Other Operating Expenses, Total	961M	1.17B	1.22B	1.26B	1.22B
Operating Income	32.71M	15M	103M	44M	46M
Interest Expense, Total	-26.11M	-16.19M	-11M	-16M	-14M
Interest And Investment Income	4.46M	4.71M	11M	7M	6M
Net Interest Expenses	-21.64M	-11.49M	0	-9M	-8M
Currency Exchange Gains (Loss)	663K	-5.76M	0	-3M	-4M
Other Non Operating Income (Expenses)	-4.22M	-5.9M	-3M	-5M	-1M
EBT, Excl. Unusual Items	7.52M	-8.16M	100M	27M	33M
Restructuring Charges	-50.94M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-1M	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	20.14M	61.62M	29M	1M	1M
Asset Writedown	-81K	-2.67M	0	31M	-
Legal Settlements	-	-	-	-4M	-7M
Other Unusual Items	-	-	-17M	-	-
EBT, Incl. Unusual Items	-23.37M	50.8M	111M	55M	27M
Income Tax Expense	19.52M	17.74M	20M	16M	22M
Earnings From Continuing Operations	-42.89M	33.06M	91M	39M	5M
Net Income to Company	-42.89M	33.06M	91M	39M	5M
Net Income - (IS)	-42.89M	33.06M	91M	39M	5M
Net Income to Common Incl Extra Items	-42.89M	33.06M	91M	39M	5M
Net Income to Common Excl. Extra Items	-42.89M	33.06M	91M	39M	5M
Per Share Items
Net EPS - Basic	-0.14	0.11	0.3	0.13	0.02
Basic EPS - Continuing Operations	-0.14	0.11	0.3	0.13	0.02
Basic Weighted Average Shares Outstanding	304M	304M	304M	304M	304M
Net EPS - Diluted	-0.14	0.11	0.3	0.13	0.02
Diluted EPS - Continuing Operations	-0.14	0.11	0.3	0.13	0.02
Diluted Weighted Average Shares Outstanding	304M	304M	304M	304M	304M
Normalized Basic EPS	0.02	-0.02	0.21	0.06	0.07
Normalized Diluted EPS	0.02	-0.02	0.21	0.06	0.07
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	111M	92.79M	148M	94M	93M
EBITA	32.71M	15M	103M	44M	46M
EBIT	32.71M	15M	103M	44M	46M
EBITDAR	123M	103M	161M	109M	107M
Total Revenues (As Reported)	1.85B	2.23B	2.44B	2.34B	2.32B
Effective Tax Rate - (Ratio)	-83.55	34.92	18.02	29.09	81.48
Current Domestic Taxes	5.39M	6.14M	-9M	-14M	1M
Current Foreign Taxes	9.71M	25.94M	27M	20M	25M
Total Current Taxes	15.1M	32.08M	18M	6M	26M
Deferred Domestic Taxes	-390K	-10.67M	5M	6M	7M
Deferred Foreign Taxes	4.82M	-3.67M	-3M	4M	-11M
Total Deferred Taxes	4.43M	-14.34M	2M	10M	-4M
Normalized Net Income	4.7M	-5.1M	62.5M	16.88M	20.62M
Interest on Long-Term Debt	-	-	2M	2M	3M
Non-Cash Pension Expense	-57.64M	12.58M	16M	23M	24M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	87M	98M	96M	104M	108M
Net Rental Expense, Total	11.71M	10.21M	13M	15M	14M
Imputed Operating Lease Interest Expense	6.59M	6.51M	9.65M	21.57M	20.23M
Imputed Operating Lease Depreciation	5.12M	3.7M	3.35M	-6.57M	-6.23M
Stock-Based Comp., SG&A Exp. (Total)	308K	863K	-	-	-
Stock-Based Comp., Other (Total)	-	-	678K	723K	-1.84M
Total Stock-Based Compensation	308K	863K	678K	723K	-1.84M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	204M	146M	153M	153M	171M
Short Term Investments	20M	20M	6M	-	-
Total Cash And Short Term Investments	224M	166M	159M	153M	171M
Accounts Receivable, Total	271M	269M	307M	269M	274M
Other Receivables	26.07M	79.46M	27M	27M	23M
Notes Receivable	70K	55K	-	-	-
Total Receivables	297M	348M	334M	296M	297M
Inventory	542M	631M	643M	588M	608M
Prepaid Expenses	6.66M	-	10M	11M	11M
Other Current Assets, Total	91.33M	78.65M	46M	56M	50M
Total Current Assets	1.16B	1.22B	1.19B	1.1B	1.14B
Gross Property Plant And Equipment	2.05B	1.99B	2.03B	2.03B	2.05B
Accumulated Depreciation	-1.38B	-1.36B	-1.37B	-1.38B	-1.4B
Net Property Plant And Equipment	674M	623M	665M	649M	650M
Long-term Investments	6.72M	6.54M	15M	10M	9M
Goodwill	130M	128M	126M	126M	126M
Other Intangibles, Total	25.16M	19.75M	18M	16M	14M
Accounts Receivable Long-Term	20.28M	22.6M	25M	26M	32M
Loans Receivable Long-Term	4.81M	957K	1M	-	-
Deferred Tax Assets Long-Term	60.84M	75.24M	70M	61M	71M
Deferred Charges Long-Term	49.28M	51.58M	66M	75M	78M
Other Long-Term Assets, Total	36.48M	32M	43M	47M	57M
Total Assets	2.17B	2.18B	2.22B	2.11B	2.17B
Liabilities
Accounts Payable, Total	146M	216M	225M	227M	243M
Accrued Expenses, Total	134M	148M	156M	157M	147M
Current Portion of Long-Term Debt	146M	53.87M	39M	19M	10M
Current Portion of Leases	21.34M	19.07M	19M	21M	26M
Current Income Taxes Payable	9.44M	16.88M	18M	19M	13M
Unearned Revenue Current, Total	186M	269M	244M	185M	236M
Other Current Liabilities	190M	156M	151M	140M	178M
Total Current Liabilities	832M	880M	852M	768M	853M
Long-Term Debt	73.84M	37.99M	10M	1M	8M
Long-Term Leases	30.06M	24.24M	34M	35M	35M
Unearned Revenue Non Current	20.16M	19.29M	19M	22M	19M
Pension & Other Post Retirement Benefits	946M	843M	683M	688M	650M
Deferred Tax Liability Non Current	4.49M	2.56M	1M	3M	11M
Other Non Current Liabilities	153M	134M	108M	70M	52M
Total Liabilities	2.06B	1.94B	1.71B	1.59B	1.63B
Common Stock, Total	779M	779M	779M	779M	779M
Retained Earnings	-733M	-575M	-333M	-310M	-283M
Comprehensive Income and Other	62.5M	38.1M	68M	58M	50M
Total Common Equity	109M	242M	514M	527M	546M
Total Equity	109M	242M	514M	527M	546M
Total Liabilities And Equity	2.17B	2.18B	2.22B	2.11B	2.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	304M	304M	304M	304M	304M
ECS Total Common Shares Outstanding	304M	304M	304M	304M	304M
Book Value / Share	0.36	0.8	1.69	1.73	1.79
Tangible Book Value	-46.13M	94.49M	370M	385M	406M
Tangible Book Value Per Share	-0.15	0.31	1.22	1.27	1.33
Total Debt	271M	135M	102M	76M	79M
Net Debt	46.87M	-30.54M	-57M	-77M	-92M
Debt Equivalent of Unfunded Proj. Benefit Obligation	942M	842M	683M	686M	650M
Debt Equivalent Oper. Leases	93.69M	81.66M	104M	120M	112M
Equity Method Investments, Total	-	155K	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	93.36M	120M	145M	143M	142M
Inventories - Work In Process, Total	231M	252M	257M	223M	232M
Inventories - Finished Goods, Total	211M	249M	230M	215M	224M
Inventories - Others	6.44M	10.42M	11M	7M	10M
Land - (BS)	821M	774M	830M	829M	834M
Machinery, Total	1.23B	1.21B	1.2B	1.2B	1.22B
Full Time Employees	10.54K	10.17K	9.94K	10.01K	9.72K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7.01M	7.71M	5M	5M	4M
Order Backlog	637M	901M	848M	652M	722M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-42.89M	33.06M	91M	39M	5M
Depreciation & Amortization - CF	78.67M	77.8M	61M	67M	67M
Depreciation & Amortization, Total	78.67M	77.8M	61M	67M	67M
Amortization of Deferred Charges, Total - (CF)	-	-	12M	12M	10M
(Gain) Loss From Sale Of Asset	811K	-35.54M	-24M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	166K	2.67M	2M	-	-
Other Operating Activities, Total	-80.23M	-32.61M	-24M	-3M	-17M
Change In Accounts Receivable	-23.83M	68.49M	-36M	37M	-5M
Change In Inventories	114M	-74.29M	-17M	51M	-23M
Change In Accounts Payable	-	-	-	3M	18M
Change in Other Net Operating Assets	-46.67M	11.65M	-32M	-116M	58M
Cash from Operations	55K	51.22M	33M	90M	113M
Capital Expenditure	-59.8M	-55.42M	-78M	-65M	-88M
Sale of Property, Plant, and Equipment	34M	64.88M	105M	22M	26M
Cash Acquisitions	-	-	-	-	-
Divestitures	29.69M	27M	-	-	-
Investment in Marketable and Equity Securities, Total	35.88M	-128K	11M	9M	-
Other Investing Activities, Total	-	-	1M	-	-
Cash from Investing	39.77M	36.33M	39M	-34M	-62M
Long-Term Debt Issued, Total	147M	4.48M	80M	107M	200M
Total Debt Issued	147M	4.48M	80M	107M	200M
Long-Term Debt Repaid, Total	-355M	-157M	-140M	-160M	-231M
Total Debt Repaid	-355M	-157M	-140M	-160M	-231M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-208M	-152M	-60M	-53M	-31M
Foreign Exchange Rate Adjustments	-391K	6.16M	-4M	-3M	-2M
Miscellaneous Cash Flow Adjustments	235K	-	-1M	-	2M
Net Change in Cash	-168M	-58.66M	7M	-	20M
Supplemental Items
Cash Interest Paid	24.56M	13.25M	7M	10M	10M
Cash Income Tax Paid (Refund)	15.84M	22.2M	12M	30M	35M
Levered Free Cash Flow	102M	43.64M	66.18M	48.22M	81.16M
Unlevered Free Cash Flow	119M	53.76M	73.05M	58.22M	89.91M
Change In Net Working Capital	-79.13M	-21.14M	-13M	-16M	-74M
Net Debt Issued / Repaid	-208M	-152M	-60M	-53M	-31M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.86	0.43	2.92	1.27	1.34
Return on Total Capital	3.88	2.48	12.97	4.51	4.68
Return On Equity %	-27.54	18.83	24.07	7.49	0.93
Return on Common Equity	-27.54	18.83	24.07	7.49	0.93
Margin Analysis
Gross Profit Margin %	51.29	53.97	53.52	53.94	54.75
SG&A Margin	33.95	37.29	33.48	34.52	36.95
EBITDA Margin %	5.75	4.21	5.99	3.88	4.02
EBITA Margin %	1.69	0.68	4.17	1.81	1.99
EBIT Margin %	1.69	0.68	4.17	1.81	1.99
Income From Continuing Operations Margin %	-2.21	1.5	3.68	1.61	0.22
Net Income Margin %	-2.21	1.5	3.68	1.61	0.22
Net Avail. For Common Margin %	-2.21	1.5	3.68	1.61	0.22
Normalized Net Income Margin	0.24	-0.23	2.53	0.7	0.89
Levered Free Cash Flow Margin	5.29	1.98	2.68	1.99	3.51
Unlevered Free Cash Flow Margin	6.13	2.44	2.96	2.4	3.89
Asset Turnover
Asset Turnover	0.81	1.01	1.12	1.12	1.08
Fixed Assets Turnover	2.79	3.4	3.84	3.69	3.56
Receivables Turnover (Average Receivables)	6.57	8.16	8.58	8.42	8.52
Inventory Turnover (Average Inventory)	1.57	1.73	1.8	1.81	1.75
Short Term Liquidity
Current Ratio	1.4	1.39	1.4	1.44	1.33
Quick Ratio	0.63	0.58	0.58	0.58	0.55
Operating Cash Flow to Current Liabilities	0	0.06	0.04	0.12	0.13
Days Sales Outstanding (Average Receivables)	55.52	44.72	42.56	43.47	42.83
Days Outstanding Inventory (Average Inventory)	232.57	211.14	202.53	201.68	208.47
Average Days Payable Outstanding	79.27	60.03	69.38	77.89	80.39
Cash Conversion Cycle (Average Days)	208.83	195.83	175.71	167.26	170.91
Long Term Solvency
Total Debt/Equity	248.75	55.85	19.84	14.42	14.47
Total Debt / Total Capital	71.33	35.84	16.56	12.6	12.64
LT Debt/Equity	95.28	25.71	8.56	6.83	7.88
Long-Term Debt / Total Capital	27.32	16.5	7.14	5.97	6.88
Total Liabilities / Total Assets	94.97	88.91	76.86	75.07	74.88
EBIT / Interest Expense	1.25	0.93	9.36	2.75	3.29
EBITDA / Interest Expense	4.27	5.73	14.91	6.94	8.07
(EBITDA - Capex) / Interest Expense	1.98	2.31	7.82	2.88	1.79
Total Debt / EBITDA	2.44	1.46	0.62	0.68	0.7
Net Debt / EBITDA	0.42	-0.33	-0.35	-0.69	-0.81
Total Debt / (EBITDA - Capex)	5.26	3.62	1.19	1.65	3.16
Net Debt / (EBITDA - Capex)	0.91	-0.82	-0.66	-1.67	-3.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-18.55	13.71	12.12	-1.82	-4.58
Gross Profit, 1 Yr. Growth %	-23.22	20.26	11.19	-1.06	-3.13
EBITDA, 1 Yr. Growth %	69.56	53.3	55.79	-26.56	-25.6
EBITA, 1 Yr. Growth %	-216.15	-182.69	472.22	-46.99	-38.67
EBIT, 1 Yr. Growth %	-216.15	-182.69	472.22	-46.99	-38.67
Earnings From Cont. Operations, 1 Yr. Growth %	-87.5	-177.08	175.76	-57.14	-87.18
Net Income, 1 Yr. Growth %	-87.5	-177.08	175.76	-57.14	-87.18
Normalized Net Income, 1 Yr. Growth %	-110.77	-81.18	-1.53K	-66.25	-43.1
Diluted EPS Before Extra, 1 Yr. Growth %	-87.53	-177.08	175.76	-57.14	-87.18
Accounts Receivable, 1 Yr. Growth %	-14.9	-0.79	14.13	-12.38	1.86
Inventory, 1 Yr. Growth %	-17.9	16.4	1.9	-8.55	3.4
Net Property, Plant and Equip., 1 Yr. Growth %	-5.34	-7.53	6.74	-2.41	0.15
Total Assets, 1 Yr. Growth %	-16.66	0.66	1.74	-4.82	2.84
Tangible Book Value, 1 Yr. Growth %	-196.13	-304.83	289.47	4.05	5.45
Common Equity, 1 Yr. Growth %	-46.13	121.94	112.4	2.53	3.61
Cash From Operations, 1 Yr. Growth %	-100.1	93.02K	-35.29	172.73	25.56
Capital Expenditures, 1 Yr. Growth %	-37.4	-7.33	41.82	-18.75	35.38
Levered Free Cash Flow, 1 Yr. Growth %	369.87	-38.24	50.17	-6.69	22.46
Unlevered Free Cash Flow, 1 Yr. Growth %	153.48	-38.19	35.11	-0.56	17.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-12.41	-3.76	12.93	4.92	-3.21
Gross Profit, 2 Yr. CAGR %	-15.62	-4.15	15.66	4.88	-2.1
EBITDA, 2 Yr. CAGR %	-18.1	18.85	56.37	-0.53	-14.76
EBITA, 2 Yr. CAGR %	-40.9	-27.03	138.3	56.35	-25.55
EBIT, 2 Yr. CAGR %	-40.9	-27.03	138.3	56.35	-25.55
Earnings From Cont. Operations, 2 Yr. CAGR %	43.34	-68.95	45.66	8.71	-76.56
Net Income, 2 Yr. CAGR %	43.34	-68.95	45.66	8.71	-76.56
Normalized Net Income, 2 Yr. CAGR %	-63.58	-65.81	51.91	96.4	-35.77
Diluted EPS Before Extra, 2 Yr. CAGR %	41.89	-69	45.66	8.71	-76.56
Accounts Receivable, 2 Yr. CAGR %	-16.57	-8.11	6.46	0	-5.53
Inventory, 2 Yr. CAGR %	-11.04	-2.25	8.92	-3.47	-2.76
Net Property, Plant and Equip., 2 Yr. CAGR %	11.05	-6.44	-0.67	2.07	-1.13
Total Assets, 2 Yr. CAGR %	-3.49	-8.41	1.19	-1.59	-1.06
Tangible Book Value, 2 Yr. CAGR %	-55.56	40.32	183.2	101.31	4.75
Common Equity, 2 Yr. CAGR %	-47.75	9.34	117.11	47.57	3.07
Cash From Operations, 2 Yr. CAGR %	-93.02	-2.57	2.35K	32.84	85.05
Capital Expenditures, 2 Yr. CAGR %	-30.8	-23.83	14.21	8.71	4.88
Levered Free Cash Flow, 2 Yr. CAGR %	2.48	41.48	-3.22	4.61	25.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.84	7.12	-8.35	3.77	23.91
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-7.72	-4.45	1.28	7.78	1.65
Gross Profit, 3 Yr. CAGR %	-10.38	-5.21	0.72	9.79	2.14
EBITDA, 3 Yr. CAGR %	-11.31	-17.64	31.1	15.8	-0.71
EBITA, 3 Yr. CAGR %	-28.99	-45.7	54.06	34.37	36.72
EBIT, 3 Yr. CAGR %	-28.99	-45.7	54.06	34.37	36.72
Earnings From Cont. Operations, 3 Yr. CAGR %	46.77	16.56	-35.74	-3.12	-46.69
Net Income, 3 Yr. CAGR %	46.77	16.56	-35.74	-3.12	-46.69
Normalized Net Income, 3 Yr. CAGR %	-48.44	-47.59	12.74	-14.59	67.68
Diluted EPS Before Extra, 3 Yr. CAGR %	41.63	15.77	-35.8	-3.12	-46.69
Accounts Receivable, 3 Yr. CAGR %	-12.02	-11.61	-1.2	-0.23	0.62
Inventory, 3 Yr. CAGR %	-4.51	-2.7	-0.87	2.75	-1.23
Net Property, Plant and Equip., 3 Yr. CAGR %	11.67	4.48	-2.25	-1.25	1.42
Total Assets, 3 Yr. CAGR %	-1.3	-2.13	-5.15	-0.85	-0.14
Tangible Book Value, 3 Yr. CAGR %	-36.69	-26.04	97.55	102.84	62.28
Common Equity, 3 Yr. CAGR %	-31.61	-15.38	36.43	69.07	31.16
Cash From Operations, 3 Yr. CAGR %	-91.44	65.6	-15.11	1.08K	30.37
Capital Expenditures, 3 Yr. CAGR %	-19.48	-23.73	-6.53	2.82	16.96
Levered Free Cash Flow, 3 Yr. CAGR %	44.14	-23.52	44.79	-11.95	22.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	27.05	-9.09	15.96	-12.52	18.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-5.27	-3.14	0.04	-0.8	-0.54
Gross Profit, 5 Yr. CAGR %	-5.83	-3.18	-0.85	-1.28	-0.42
EBITDA, 5 Yr. CAGR %	-4.83	-11.22	-1.51	-10.76	7.2
EBITA, 5 Yr. CAGR %	-17.79	-31.06	2.42	-14.02	10.31
EBIT, 5 Yr. CAGR %	-17.79	-31.06	2.42	-14.02	10.31
Earnings From Cont. Operations, 5 Yr. CAGR %	8.8	-1.82	46.33	13.32	-57.07
Net Income, 5 Yr. CAGR %	8.8	-1.82	46.33	13.32	-57.07
Normalized Net Income, 5 Yr. CAGR %	-27.18	-32.16	12.77	-13.78	-13.91
Diluted EPS Before Extra, 5 Yr. CAGR %	5.21	-4.95	43.23	12.86	-57.1
Accounts Receivable, 5 Yr. CAGR %	-7.08	-7.6	-5.05	-7.12	-2.95
Inventory, 5 Yr. CAGR %	-2.24	1.64	0.65	-3	-1.63
Net Property, Plant and Equip., 5 Yr. CAGR %	7.42	5.97	6.56	3.5	-1.81
Total Assets, 5 Yr. CAGR %	-0.3	-0.33	-0.31	-1.92	-3.54
Tangible Book Value, 5 Yr. CAGR %	-18.78	-12.82	15.27	10.51	53.28
Common Equity, 5 Yr. CAGR %	-17.57	-6.58	8.56	5.7	21.95
Cash From Operations, 5 Yr. CAGR %	-73.43	-18.13	-17.75	51.5	15.94
Capital Expenditures, 5 Yr. CAGR %	-0.7	-11.53	-7.4	-12.24	-1.63
Levered Free Cash Flow, 5 Yr. CAGR %	53.21	-4.12	14.11	-13.14	30.07
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.68	-8.02	4.76	-4.04	13.92