Heidelberger Druckmaschinen AG (HEIDELBERG) has successfully met its targets for the financial year 2023/2024, with sales remaining stable at around € 2.4 billion and an adjusted EBITDA margin of 7.2 percent. The company’s value creation program has also led to the highest free cash flow in over ten years. HEIDELBERG is confident about the prospects for the upcoming financial year, thanks to a successful showing at the drupa printing trade show and a new collaboration with Canon in the industrial inkjet printing sector.
“We have taken a big step toward our goal of achieving sustainable profitability at HEIDELBERG. Even in economically uncertain times, we have remained resolutely on track, which gives us confidence,” says HEIDELBERG CEO Dr. Ludwin Monz. “Moving forward, we are looking to open up further growth markets thanks to our collaboration with Canon in the industrial inkjet printing sector,” he adds.
Despite difficult economic and geopolitical conditions and higher costs, HEIDELBERG has met its targets for the financial year 2023/2024. Sales remained stable at around € 2.4 billion, and the company maintained an adjusted EBITDA margin of 7.2 percent. The value creation program, which has identified over 250 measures to boost productivity and strengthen the company’s financial basis, has been a key factor in this success. HEIDELBERG also saw a recovery in incoming orders at the start of the new financial year, with an expected € 650 million in the first quarter, thanks to the high level of interest in its innovations at the drupa trade show.
Assuming the global economy does not see weaker growth than predicted, HEIDELBERG expects sales and the adjusted EBITDA margin for the financial year 2024/2025 to match the previous year’s levels. The company is also ending short-time work at its German sites in June 2024 due to better utilization of production capacities.
For more information, please visit the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.
For media inquiries, please contact Thomas Fichtl at Thomas.Fichtl@heidelberg.com or Oliver Claas at Oliver.Claas@heidelberg.com.
For investor relations, please contact Maximilian Beyer at Maximilian.Beyer@heidelberg.com.
Important note:
This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.