(Información remitida por la empresa firmante)
February 12, 2025 (News Aktuell).- At Heidelberger Druckmaschinen AG (HEIDELBERG), key figures for the first nine months of financial year 2024/2025 (April*1 to December 31, 2024) and the third quarter (October*1 to December*31, 2024) were in line with the expected developments communicated by the company. Especially in terms of the key operating results, the third quarter of the current financial year brought significant improvements compared with the first half-year and also with the equivalent quarter of the previous year. The adjusted EBITDA margin for the third quarter was 9.2*percent (equivalent quarter of previous year: 5.7*percent), with high capacity utilization and intensified cost-cutting measures having a particularly positive impact. Sales to date during financial year 2024/2025 have increased from quarter to quarter. The figure of €*594*million for the third quarter matched the equivalent quarter of the previous year (€*594*million). In the third quarter, incoming orders were up by some 8.3*percent at €*550*million (equivalent quarter of previous year: €*508*million). This is much better than the current developments in the mechanical and plant engineering sector as a whole. The biggest contributions were made by the EMEA region (+*16*percent) and the Packaging Solutions segment (+*15*percent). The high order backlog of €*903*million paves the way for a very strong final quarter.
“We have succeeded in continuously improving our sales and operating result quarter by quarter in a difficult economic environment. Thanks to our high order backlog, we can confirm that we will achieve our targets for the year» said Jürgen Otto, CEO of HEIDELBERG. “And we will drive down costs further still in the coming year by implementing our plan for the future and boosting efficiency. This cost discipline will have a positive effect on our profitability, which should improve further in the next financial year.»
Based on strong order levels, the company anticipates a clear increase in sales in the fourth quarter of the current financial year in particular. Adjusted EBITDA after nine months amounted to €*86*million (adjusted figure for equivalent period of previous year: €*135*million), and the adjusted EBITDA margin was 5.7*percent (equivalent period of previous year: 8.0*percent). The main reasons for this were the low sales volume in the first quarter and the associated high losses. Adjusted EBITDA for the third quarter of the current financial year increased to €*55*million, compared with €*34*million in the equivalent quarter of the previous year. The adjusted EBITDA margin improved significantly, from 5.7*percent to 9.2*percent. In the third quarter, net provisions amounting to €*29*million were established for the planned measures to reduce labor costs and were adjusted. Including this item, EBITDA in Q3 totaled €*26*million (previous year: €*34*million). Establishing these provisions resulted in a lower net*result after taxes of €*-7*million in the third quarter (equivalent quarter of previous year: €*1*million) and €*-42*million after nine months (equivalent period of previous year: €*34*million).
The free cash flow after nine months was, as anticipated, €*-97*million (equivalent period of previous year: €*-54*million). In the third quarter, it improved significantly compared with the previous year, creeping into positive figures at €*4*million (equivalent quarter of previous year: €*-26*million). “Our successful management of net working capital played a key role in achieving a positive free cash flow despite high inventories due to the order situation,” said HEIDELBERG CFO Tania von der Goltz. “The big improvements we are expecting in the results for the final quarter and the reduction of inventories by the end of the financial year will have a positive impact on the free cash flow,” she added.
Packaging segment remains a growth driver
Incoming orders in the Packaging segment increased significantly – by around 11*percent to €*959*million for the first three quarters and by some 15*percent in the third quarter. In terms of megatrends, the packaging market is first and foremost seeing a growing demand for packaging that is both sustainable and of a high quality. This is where the positioning of HEIDELBERG as a systems integrator and total solution provider is having a positive impact, helping to further expand the company’s very strong position in the packaging market. “Packaging printing is the current growth sector for the printing industry, including HEIDELBERG. In particular, the product innovation around the Boardmaster for high-volume packaging printing meets customer needs,” said David Schmedding, Chief Technology & Sales Officer at HEIDELBERG. “We are looking to successively expand our business and our portfolio in this market by using automation, robotics, and software to offer our customers integrated end-to-end solutions for the entire manufacturing process,” he explained. In the Print segment, incoming orders for the nine-month period increased by 4.4*percent to €*858*million.
Growth strategy promises sales potential of over €*300*million in medium term
To expand its market position, HEIDELBERG is increasingly tapping into growth potential in its core market – from packaging and digital printing to software and lifecycle business. The first digital presses from the cooperation with Canon are going to customers in Switzerland and Germany. This cooperation will significantly boost future sales generated by digital print solutions, including consumables, software, and service. The company is also keen to further expand its portfolio in the growing market for green technologies. This includes key areas such as high-precision plant engineering, the automotive industry, charging infrastructure and software, and new hydrogen technologies. An initial prototype of a hydrogen electrolyzer will be completed in the summer and will be showcased as part of an in-house application. The objective is to carry out development work with customers, application and technology partners, and suppliers to create a market-ready system for producing hydrogen and make this available on an industrial scale. The medium-term goal of HEIDELBERG in the electromobility market is to use Amperfied to position itself as a leading system supplier of charging solutions for use at companies and in public spaces in Europe. The company is focusing on the operation of charging infrastructure, with the aim of ensuring maximum availability and reliability, as a service with stable recurring sales. *This approach is confirmed by projects with Autobahn GmbH and companies at regional level, among others. Considering all strategic initiatives in the period to financial year 2028/2029, HEIDELBERG sees overall growth potential amounting to over €*300*million, in conjunction with enhanced performance and efficiency.
Further information:
Corporate Communications
Thomas Fichtl
Phone: +49 6222 82-67123
E-mail: Thomas.Fichtl@heidelberg.com
Investor Relations
Maximilian Beyer
Phone: +49 6222 82-67120
E-mail: Maximilian.Beyer@heidelberg.com
