Heidelberger Druckmaschinen Aktiengesellschaft (HBGRY) Q3 2026 Earnings Call Prepared Remarks Transcript

Core Insights - Heidelberger Druckmaschinen AG demonstrated solid performance in Q3 2025-'26 despite challenging external conditions, with order intake at EUR 1.6 billion, lower than the previous year but maintaining a book-to-bill ratio above 1.0, indicating revenue visibility [1] Group 1: Order Intake and Market Trends - Order intake showed a slightly positive trend, particularly in the U.S. during October and November, with customers opting for Heidelberger's products and services while delaying investment decisions [2] Group 2: Financial Performance - Net sales reached EUR 1.6 billion, driven by resilient demand and effective execution, although currency effects negatively impacted reported growth; on a constant currency basis, the underlying development remained positive [3] - Adjusted EBITDA margin improved significantly to 7.1%, an increase of 140 basis points year-over-year, attributed to higher production efficiency and a more favorable cost structure, alongside the impact of the company's Zukunftsplan measures [3]