Heidelberger Druck Q3 opg rises to 84 mln eur as net sales grow 5.8 pct |
|
|
|
Published
:
Wed, 31 Jan 2007 07:53
|
FRANKFURT (AFX) - Heidelberger Druck AG said third-quarter operating profit rose to 84 mln eur from 72 mln for the same period last year as net sales grew 5.8 pct and productivity levels improved.Sales were at 961 mln eur, up from last year's 908 mln, and net profit at 112 mln from 34 mln last year, mainly due to a tax benefit of 73 mln after changes in regulations.'We were able to make further progress towards increasing our productivity in both the third quarter and the nine months as a whole,' said Heidelberg chief financial officer Dirk Kaliebe.'We are also making use of the resulting improved cash flow to implement the share buyback programme,' he added.The company reiterated its forecasts for the year to March 31, 2007, that sales will grow around 5 pct and operating results will be around 10 pct of sales.patrizia.kokot@thomson.compk/harCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
Print this Story
Barratt's record forward sales book quells interest rate hike fears UPDATE 