Latest news with #financialyear
Associated Press
a day ago
- Business
- Associated Press
HEIDELBERG focuses on economic efficiency in FY 2025/26 – operating margin set to rise further
Heidelberger Druckmaschinen AG (HEIDELBERG) is starting financial year 2025/26 on a strong note. Based on itsglobal market position, itsportfolio expansionin strategic growth markets, and amuch-improved cost basis, and despite a difficult economic climate, the company is expecting a slightincrease in salesto around € 2,350 million in the new financial year and an adjusted operating margin ofup to 8 percent. It sees growth potential in a number of areas. These include playing a leading role as asystems integratorfor packaging and digital printing with hybrid printing solutions, combining software and service business in a digital ecosystem, and expanding the operation ofcharging infrastructure, including DC technology. HEIDELBERG is also expecting a big boost from theAsia/Pacificregion. Healthy incoming orders at May's China Print trade show confirmed this and created the basis for a successful start to the new financial year. 'Significant strategic and operational improvements have paved the way for further profitable growth,' said Jürgen Otto, CEO of HEIDELBERG. 'Our measures will make a substantial contribution to the expected increase in sales. Enhanced efficiency and performance will further boost our profitability. Encouragingly, the capital market is also increasingly acknowledging our focus on economic efficiency and liquidity,' he added. Targets for financial year 2024/25 achieved – sales and adjusted EBITDA margin match previous year's figure In financial year 2024/25, HEIDELBERG held its own in a difficult market environment and met its targets. The adjustedEBITDA marginremained stable at 7.1 percent, for example, ending the financial year on a successful note. The cost-cutting and efficiency measures initiated by the company successfully compensated for a slightly lower volume of sales than in the previous year, rising wage costs, and expenses relating to the drupa trade show. In the fourth quarter alone, the adjusted EBITDA margin doubled compared with the previous year and reached around 10 percent. At € 2,280 million,saleswere slightly down on the previous year's figure (€ 2,395 million). Following a weak first quarter due to purchasing restraint ahead of the drupa industry trade show, sales during the financial year increased quarter by quarter and were particularly strong in the fourth quarter. Thefree cash flowwas once again significantly positive at € 51 million (previous year: € 56 million). China Print trade show's positive impact on orders creates basis for good start to FY 2025/26 HEIDELBERG ended financial year 2024/25 with a high level of incoming orders. In the fourth quarter, the figure of € 611 million forincoming orderswas up on the previous quarters of the financial year. One reason for this is the company's global and diversified setup, which enables HEIDELBERG to benefit from the different growth dynamics in the individual regions. This is emphasized by the high level of incoming orders at May's China Print trade show, which will have a positive impact in the new financial year. During financial year 2024/25 as a whole, HEIDELBERG generated incoming orders of around € 2,433 million, which was 6 percent up on the previous year's level (€ 2,288 million). This also resulted in a corresponding big increase in theorder backlogas at March 31, 2025 – from € 652 million on the same reference date the previous year to € 722 million. ThePackaging SolutionsandPrint Solutionssegments benefited from the product innovations presented at drupa. Their incoming orders for financial year 2024/25 both increased – by around 7 percent to € 1,272 million for the Packaging Solutions segment and by about 6 percent to € 1,155 million for the Print Solutions segment. 'Thanks to the improving order situation and the positive momentum from the China Print trade show, we are expecting a better start to the new financial year than we had the previous year,' said Dr. David Schmedding, Chief Technology & Sales Officer at HEIDELBERG. 'Our new portfolio of very large format presses for packaging reaffirms our approach of gradually further expanding our portfolio in growth segments. By also incorporating automation, robotics, and software, we now offer customers integrated end-to-end solutions for the entire production process. Our aim as a system provider is to tap into the sizable potential in the growing packaging segment. All in all, we are therefore embarking on the new financial year full of confidence,' he continued. Outlook for FY 2025/26 – slight increase in sales expected and adjusted EBITDA margin set to rise to as much as around 8 percent In view of macroeconomic developments, taking into account the various opportunities and risks, and assuming the global economy does not see weaker growth than predicted by the relevant institutions, the company is expectingsalesof around € 2,350 million in financial year 2025/26 (2024/25: € 2,280 million). TheEBITDA marginadjusted for special items is predicted to rise to as much as 8 percent (previous year: 7.1 percent). The changedsegment structureat HEIDELBERG from April 1, 2025 means the company will, in the future, report figures for the Print & Packaging Equipment, Digital Solutions & Lifecycle, and HEIDELBERG Technology segments. The purpose of this new segment structure is to strengthen the focus on product-oriented management in line with market and customer needs, and also on systematically taking responsibility for results. About HEIDELBERG Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has been standing for innovation, quality and reliability in mechanical engineering worldwide for 175 years. With a clear focus on growth, HEIDELBERG as a total solution provider is driving further development in the core areas of packaging and digital printing, software solutions and the lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency. The company is also focusing on expanding into new business areas such as high-precision plant engineering with integrated control, automation technology and robotics as well as the growing green technologies. With a strong international presence in approximately 170 countries, the creative power and expertise of its around 9,500 employees, its own production facilities in Europe, China and the USA and one of the largest global sales and service networks, the company is well-positioned for future growth. Press kit 175 Years of HEIDELBERG - Home of Print | HEIDELBERG Image material and further information about the company are available in theInvestor Relationsportal andPress Loungeof Heidelberger Druckmaschinen AG Important note: This press release contains forward-looking statements based on assumptions and estimates made by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even if the company management is of the opinion that these assumptions and estimates are accurate, actual future developments and future actual results may deviate considerably from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates and interest rates as well as changes within the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability that future developments and the actual results achieved in the future will correspond to the assumptions and estimates made in this press release.
The Australian
2 days ago
- Business
- The Australian
Tax return: Super fund tips to avoid costly end-of-financial-year mistakes
Investors are making mistakes costing them thousands of dollars by rushing to beat the June 30 end of financial year deadline. While it pays off to tidy up financial affairs before this month comes to a close, a knee-jerk reaction can prove costly. Aware Super general manager guidance and advice Peter Hogg said June was a peak time for superannuation mistakes. The fast-approaching June 30 deadline created a 'perfect storm of rushed decision-making,' Mr Hogg said. 'People suddenly realise they haven't optimised their super contributions and scramble to make last-minute moves, often without proper planning or advice,' he said. 'Most often, it simply comes down to not understanding the rules.' Most super contributions, tax incentives and government schemes generally have June 30 deadlines, and missing them can translate to thousands of dollars of lost opportunities. Super specialists say errors include voluntary contributions, co-contributions, spouse contributions, exceeding caps and other limits and failing to take advantage of the carry-forward rules. Vanguard's Renae Smith. Picture: Supplied Aware Super's Peter Hogg. Picture: Supplied Mr Hogg said thinking June 30 was the deadline for super fund contribution deadlines was a common error. 'You may think transferring funds on June 30 means you're safe,' he said. 'However, contributions must be received by the fund before its cut-off date, which may fall days earlier depending on our method of payment.' A majority of major super funds say members must make their contributions by June 23 to ensure the fund processes the money in time. Vanguard Australia says this month is a good time to make voluntary super contributions, and calculated that a single $1,000 contribution at age 30 could grow more than eight times in value by age 67 to $8,438. Someone earning $80,000 who injects $1,000 into super as a concessional contribution gets a tax deduction for it and a $320 tax refund, it says. Vanguard Australia chief of personal investor Renae Smith said it was best to make additional contributions at least a week before June 30. 'For higher-income earners, a key issue is exceeding the concessional contributions cap,' she said. 'For this financial year, the cap is $30,000. Going over this limit can result in additional tax, so it's important to keep track of all contributions, including those made by your employer.' Colonial First State head of technical services Craig Day said another common mistake was people failing to check that all contributions reached their account, so they missed out on their entitlements. 'The best way to check is to log in to your super account,' Mr Day said. 'You can also use the ATO's Super Guarantee estimator to check your entitlements, and if you believe there's been a mistake, talk to your employer. There are ways to follow up super payments from past employers as well.' Mr Day said for couples where one partner earned below $40,000 there was an easy mistake to be made by failing to take advantage of spouse contributions incentives, which provided a tax offset to the contributing spouse. 'To get the full tax offset of $540, you must contribute at least $3,000 and your spouse must earn less than $37,000,' he said. 'The offset phases out at $40,000.' Aware Super's Mr Hogg said other incentives benefiting from pre-June 30 contributions included the $500 co-contribution scheme for low and middle income earners, First Home Super Saver Scheme and carry-forward contributions. 'If your total super balance was under $500,000 on June 30 last year, you may be able to contribute more than the usual cap by using unused limits from the past five years,' he said. Mr Hogg said the impact on retirement savings of June superannuation mistakes could include higher tax bills, missed government payments and reduced benefits of compounding returns. 'Even small delays in getting contributions into your account can reduce the long-term growth of your super due to lost investment time,' he said.
Khaleej Times
3 days ago
- Business
- Khaleej Times
NRIs in UAE: How to file tax returns for capital gains
Question: I have not been filing my tax return in India after I came to the Gulf. However, during the financial year 2024-25 I made capital gains on sale of investments and therefore I will be filing my tax return. Can you please guide me and let me know the last date for filing the same? ANSWER: Generally the last date for filing the tax return is July 31 for persons who are not liable to file a tax audit report. However, this date has been extended to September 15 for the current assessment year 2025-26. The reason for this extension is that certain amendments have been made to the law which has necessitated revision of the format of income-tax returns requiring the tax department to streamline the technology platform as all returns have to be filed online. Given the increased reporting requirements, the extension of time till September 15, 2025 will give you the opportunity to ensure that proper disclosures are made in respect of the capital gains made by you during the financial year ended March 31, 2025. If any tax has been deducted at source from the interest or dividend earned, you will be able to collect the relevant details from Form 26 AS which is on the website of the tax department. You must ensure that the correct figures are reflected in your tax return so that the assessment is made seamlessly without any further inquiry from the tax authorities and any amount due to you is refunded immediately upon such summary assessment being completed. Question: Can you throw some light on the external commercial borrowing regime for Indian corporates. What are the guidelines? ANSWER: External commercial borrowings are allowed to Indian companies either under the automatic route or under the approval route where specific permission of the Reserve Bank of India/Finance Ministry needs to be taken. Indian companies raise loans in foreign currency primarily to access a substantial capital at interest rates which are lower than those prevailing in India. Thus, large scale projects can be financed at international interest rates. Loans can be obtained in foreign currency for import of capital goods as well as for overseas acquisition of foreign companies. Financial services companies are also eligible to resort to external commercial borrowings. In fact, during the financial year ended March 31, 2025, Indian companies were granted permission to borrow an amount of $61.8 billion which is a significant increase from $49 billion raised in the earlier financial year ended on March 31, 2024. The surge in external commercial borrowings highlights the growing confidence of foreign institutions in India's economic growth. Several Indian companies have been able to attract foreign funds to meet their working capital needs as well as to refinance existing loans. Investment in infrastructure projects attracted the major amount of loans from overseas agencies. The semiconductor industry, being the sunrise industry in India, was able to raise substantial funds in the last financial year. Question: Are professional services firms allowed to raise capital from foreign sources? Certain private equity firms are keen to invest in well-established firms in India. ANSWER: Professional services firms are permitted to raise funds from overseas markets within the regulatory framework. Globally, over the last two years, professional services firms have received private equity or sold holdings in their regional arms to fuel global expansion and invest in technology. This worldwide trend of private equity investing in professional services is gaining traction in India as well. While the Big Four are well capitalised, other accounting firms in India are using the merger and acquisition route to grow at a rapid pace. Some of these firms are looking to invest in small CPA firms in the United States for which they seek private equity funding. The India-US corridor offers great potential with Indian back-end capabilities supporting the American operations. In short, access to private capital provides a key competitive advantage which helps medium sized firms in India to invest in technology and acquire smaller professional outfits. Corporatisation and capitalisation are the two engines on which Indian professional services firms are planning to go international. Firms which originally provided audit and tax related services are now moving into technology-based services covering a diverse range of activities which require employment of highly paid technical personnel from different disciplines. The writer is a practising lawyer, specialising in corporate and fiscal laws of India.
Yahoo
4 days ago
- Business
- Yahoo
Dividend Declaration
LONDON, June 02, 2025--(BUSINESS WIRE)-- Oberon AIM VCT plc ("OVCT" or the "Company") Final Dividend declaration Further to the Notice of the Annual General Meeting which the Company announced on 30 May 2025, the Company wishes to confirm, as stated in Resolution 2 of the AGM Notice, that it is proposing a final dividend for its financial year ended 31 December 2024 of 1.3 pence per share, which is subject to shareholder approval at 12.00 noon on Monday 30 June 2025. If approved by shareholders at the AGM, the final dividend of 1.3 pence per share, will be payable to shareholders appearing on the company's share register on Friday 11 July 2025 and the final dividend will be paid to shareholders on Wednesday 30 July 2025. The Directors of the Company take responsibility for this announcement. For further information, please contact:Company Secretary6 Duke Street,St James's,London,SW1Y 6BN, Tel: +44 (0)20 3179 5300 View source version on Contacts OBERON AIM VCT PLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
SBS Australia
25-05-2025
- Business
- SBS Australia
Tax time countdown: Six things you should start doing now
With the end of the financial year approaching, some experts say you should start preparing your tax return. Source: Getty / Natalia Gdovskaia It's never too early to plan, especially for what can be a long and tricky tax return proces. This financial year will finish in over a month, at the end of June, and Australians will have four months to lodge their tax returns — preparing for this early may save you time and money. Masoud Habibian, an accountant and tax agent in Australia, said this may be a "good time to start" to "prepare and review" your tax lodgement. Here are a few tips that may help you in preparing for your tax return: First of all, make sure your information in your myGov account is updated, the account is linked to the Australian Taxation Office (ATO), and it is working. "Make sure that all the data, like your bank details and personal information, is updated," Habibian said. "Make sure that you have a strong verification [system] in your myGov ... If it is actually working, and it has been linked properly, [and] you've got access to it. "Make sure that you've got a good and secure access to the personal information and documents within myGov." In addition, he advised that if you have forgotten your password, changed your phone number or are facing any other difficulties, it's important to resolve them early, as the process may be significantly more time-consuming during tax time. Preparing all those old receipts as proof for your work-related deductions can also save you time and money on your tax return. According to Habibian, finding and keeping receipts of work-related purchases, like "tools, uniforms, equipment, computer, education expenses, car expenses, donations," etc, are important. "[Gathering] all the receipts and all the documents related to the income and expenses is very important," he said. "A common issue we see is missing receipts or documents, especially for work-related expenses. Make sure that you're storing the receipts digitally." In general, there are two different methods you can use to claim your work from home-related deductions: First, gathering all the information about your expenses for the time you worked from home, and second, providing the total hours you worked remotely to the ATO. Habibian suggests gathering this information as soon as possible. "Sometimes it might be a bit time-consuming to find the detailed record of a daily log of the hours that you worked from home, and also evidence of the expenses like electricity, internet, and phone," he said. "This document actually takes more time to collect and provide to the tax agent." If you own a business and have not yet separated your personal and business expenses, this might be a great time to start, as it may take up a lot of your time. "Separating your personal [expenses] from the business expenses would be highly important," Habibian said. "Most of the people have their personal and business expenses mixed, and it will take a huge amount of time to separate them." Generally, the distinction between personal and business expenses is straightforward. Purchases intended for business use are deductible business expenses, while items bought for personal use are classified as personal expenses. If you have an item that serves both business and personal purposes, like a laptop or a phone, you can only deduct the portion used for business. With only one source of income and a limited number of work-related expenses, the tax return process may not take much time. However, if you have multiple income sources, Habibian said you should start your preparation sooner. "If you have an investment property, you need to gather information," he said. "Make sure that you are focusing on the rental property claims as well ... That would actually be a bit time-consuming. You need to have a chat with your real estate agent. "You need to start from now." The same goes for other investments like cryptocurrencies. "If you have crypto that is in the radar of the ATO, you need to gather information about it ... If you are trading crypto, you must report it even if you have made a loss," he said. Tax time starts on the first of July each year and finishes by the end of October. By mid-July, once employers and banks have submitted more information to the ATO, the prefilled data will be available for your tax lodgement. "Many people rush to lodge on the first of July ... But you should avoid loading these documents too early. "This reduces the errors and avoids later amendments." The information in this article is general in nature and is not intended as financial advice. You should consult with a licenced professional to make the decisions that are right for you.
