Heidelberg starts new financial year with high order volume and improved operating profitability
News General news
- Broad market recovery and successes from transformation strategy
- Marked uptick in growth areas – successful trade show in China and strong expansion in e-mobility sector
- Q1 sales up by around a third and incoming orders by nearly 90 percent
- Notable improvement in operating profitability – EBITDA of € 15 million
- Outlook for FY 2021/22: Increased sales of at least € 2 billion, improved EBITDA margin of 6 to 7 percent, and slightly positive net result after taxes
- Sustainably high potential for result and free cash flow through lowering of break-even point to around € 1.9 billion in FY 2022/23
Heidelberger Druckmaschinen AG (Heidelberg) has made a positive start to financial year 2021/22 (April 1, 2021 to March 31, 2022). Thanks to a broad market recovery in virtually all regions and growing successes from the Group’s transformation strategy, the company has been able to deliver the promised improvements in sales and operating profitability in the first quarter. For example, sales for the quarter increased by around a third compared with the equivalent period of the previous year, from € 330 million to € 441 million. EBITDA, which was influenced in the equivalent quarter of the previous year by high earnings of € 73 million from the reorganization of retirement provision and the widespread use of short-time working, improved substantially on an operational level to € 15 million. Thus, despite clearly reduced sales, the figure for the period under review even exceeded the pre-crisis level recorded in FY 2019/20 (€ 11 million).
“As demonstrated by our encouraging initial quarter of financial year 2021/22, Heidelberg is really delivering! Buoyed by the global economic recovery and the notable improvement in operating profitability, we are also very optimistic about meeting the targets announced for the year as a whole,” reports Heidelberg CEO Rainer Hundsdörfer.
