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German mechanical engineering company Heidelberger Druckmaschinen on Wednesday reported a drop in second-quarter profit but confirmed its full-year outlook. Profit before tax was €13 million ($13.8 million), down from €30 million in the same period last year, mainly due to a decline in revenue. The net result after taxes fell to €7 million, corresponding to €0.02 per share, compared to €23 million and €0.08 per share in the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) decreased from €59 million to €40 million, while earnings before interest and tax (EBIT…

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