Hensoldt AG : Feedback from the CMD – hidden growth
>Short and medium-term targets reiterated... - At the CMD held yesterday in Ulm, the group’s principal production site with close to 2,500 employees, Hensoldt reiterated all of its targets. For FY 2023, the group confirmed, with now a high degree of confidence, an adjusted EBITDA margin of around 19% on sales of € 1,850m and cash conversion of around 70% (vs 19.2% and € 1,855m respectively for the VA consensus) which we think are well within reach since the group reac...
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