HEIDELBERG successfully closes fiscal year 2021/22 with after-tax profit - highest order backlog in 10 years
News General news
- Sales in FY 2021/22 up 14 percent to €2.183 billion
- Order intake up by more than 23 percent to €2.454 billion
- Highest order backlog in more than 10 years at around €900 million
- Significantly improved EBITDA margin of 7.3 percent
- Net result after taxes amount to €33 million
- Positive free cash flow of €88 million - net financial debt completely reduced
According to preliminary calculations (unaudited), Heidelberger Druckmaschinen AG (Heidelberg) achieved its own forecast for sales and EBITDA margin for the past financial year 2021/22 (April 1, 2021 to March 31, 2022) and returned to profitability. At €2.183 billion, sales were around 14 percent higher than the previous year, thus meeting the target of at least €2.1 billion. The reporting period showed a clear recovery from the previous year, which had been particularly hard hit by the effects of the COVID 19 pandemic. The noticeable improvement in the investment climate was reflected in particular in the increase in incoming orders received by more than €450 million year-on-year to €2.454 billion.
Both commercial printing and packaging printing recorded significant year-on-year growth in the past financial year, with the increase in commercial printing being stronger due to the particularly weak comparative period. Demand picked up across almost all products and in all regions, with investments in new presses being the main driver. As of March 31, 2022, the order backlog stood at around € 900 million, the highest level in more than 10 years (previous year: € 636 million).
