Heidelberger Druckmaschinen AG (OTCPK:HBGRY)

Q1 2027 Heidelberger Druckmaschinen AG Earnings Call Transcript

Aug 19, 2026 / 07:30 AM GMT

Release Date Price: $0.7554

Transcript

Key Points

Positve

Order backlog increased significantly from EUR639 million to EUR762 million, providing good visibility for the coming quarters.
Asia Pacific region showed strong performance with order intake up 17% year-over-year, driven by solid demand in China.
The acquisitions of Manroland and Polar are expected to strengthen market position, expand customer reach, and create recurring revenue opportunities.
Cost optimization measures are on track, with headcount reduced by 2% and staff costs down from EUR208 million to EUR196 million year-over-year.
The contribution margin ratio improved to 32.6%, up 110 basis points year-on-year, reflecting a normalization in operating performance.
Heidelberg Technology continues its growth path with increases in both order intake and sales, benefiting from diversification into defense, energy, and e-mobility.

Negative

Net sales declined 13% year-over-year to EUR404 million, primarily due to softer demand in print and packaging equipment.
Adjusted EBITDA margin dropped significantly to 0.2% from 4.4% in the prior year quarter, a decline of 420 basis points.
The phase-out of the Italian incentive program resulted in over EUR60 million fewer orders, heavily impacting EMEA performance.
Free cash flow remained negative at EUR77 million, a deterioration of EUR9 million compared to the prior year period.
The equity ratio decreased from 27.2% to 24.3%, and the company recorded a net loss of EUR32 million in the quarter.
The net financial position turned negative at EUR39 million, compared to a positive EUR39 million at the end of the previous fiscal year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HDDG.DE - Heidelberger Druckmaschinen AG
Q1 2027 Heidelberger Druckmaschinen AG Earnings Call
Aug 19, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to Eidelberg's conference call on the publication of the figures for Q1 2026, 2027. We're delighted to welcome our investors and analysts.

Besides commenting on our business performance in the first quarter, we will also cover the key highlights of the period and discuss our outlook for our full year 2026, 2027. Afterwards, we will be happy to take your questions.

A key recent highlight has been the appointment of Christoph Burkhardt as Heidelberg's new CFO. Christoph brings extensive international leadership and financial management experience. His strong capital market background, deep expertise in the specialized machinery sector and a successful

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