Heidelberg Q3 figures show continued growth

Heidelberg has released its financial results for the third quarter of this financial year, which show the net result after taxes increasing from €7 million to €18 million compared to the same quarter from the previous year.

Heidelberg’s main headquarters is in Wiesloch, Germany.

However, although Heidelberg has seen growth in the last three quarters, overall this year’s performance has been below the previous year’s revenues. Thus the Q3 sales figure of €608m was less than the €640m of the previous year, but the EBITDA (Earnings before Interest, taxes, depreciation and amortisation) rose from €40m to €49m.

Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG commented: “The improvements in results in the third quarter show that Heidelberg is on the right course to achieve sustainable profitability.” He added: “We anticipate we will further increase our annual profit with a strong final quarter.”

This is because many of the orders from Drupa had longer delivery times than normal but should be installed during the fourth quarter, giving an added boost to the company’s figures at the year end. There are good grounds for this optimism as the order backlog of €739m is around 26 percent higher than the previous year.

In the meantime, Heidelberg is continuing to reorganize itself to prioritise its digital offerings. In future, there will be a division that will develop, manufacture, and supply appropriate digital technologies and products for new business models. Another division will devise and market these models. Furthermore, the global sales and service network will be more strongly focused on the digital challenges that customers face.

Hundsdörfer says that the company is going digital: “To do that, we will develop and roll out our own innovative business ideas. However, we will also be strengthening our position in this area through acquisitions.”




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