Heidelberger Druckmaschinen AG (Heidelberg) has completed the first nine months (April 1 to December 31, 2024) and the third quarter (October 1 to December 31, 2024) of the 2024/2025 financial year as part of the communicated expectations. The third quarter The current financial year had significant improvements compared to the first half of the year and the previous year’s quarter. The adjusted EBITDA margin was 9.2 percent in the third quarter (previous year’s quartal: 5.7 percent). The increased cost measures and the high capacity utilization had a positive effect here. Sales volume was increased from quarter to quarter in the course of the previous financial year 2024/2025 and reached the level of the previous year’s quarter (594 million ꞓ) in the third quarter. The Order input rose by around 8.3 percent in the third quarter to 550 million ꞓ (previous year quartal: 508 million ꞓ) and was therefore significantly better than the current development in machine and plant engineering. The EMEA (+ 16 percent) region and the Packaging Solutions (+ 15 percent) segment have contributed to this. The high Order Of 903 million ꞓ, the basis for a very strong final quarter forms.
- Sales in Q3 at the previous year’s level, adjusted EBITDA margin to 9.2 percent significantly improved
- Order input in Q3 by 8.3 percent, after nine months by 7.7 percent over the previous year
- High order stock ensures a strong final quarter
- Annual forecast confirmed that adjusted EBITDA margin should increase in the GJ 2025/2026 to up to around 8 percent
- Packaging remains growth driver
- In the medium term, growth strategy promises sales potential of more than 300 million ꞓ
“In a difficult economic environment, we were able to continuously increase sales and operational results. Thanks to our high order stock, we confirm the achievement of our annual goals, ”said Jürgen Otto, CEO of Heidelberg. “And for next year we will continue to reduce the costs with the implementation of the future plan and efficiency increases. This cost -discipline pays a positive effect on our profitability, which is intended to improve in the next financial year. ”
Due to the good order situation, the company expects a significant increase in sales, especially in the fourth quarter of the financial year. The Adjusted EBITDA After nine months, 86 million ꞓ (previous year: adjusted 135 million ꞓ), the adjusted EBITDA margin was 5.7 percent (last year: 8.0 percent). In particular, the low sales volume in the first quarter and the associated high losses were the cause. In the third quarter of the current financial year, the adjusted EBITDA was increased to 55 million ꞓ after 34 million ꞓ in the previous year. The adjusted EBITDA margin significantly improved from 5.7 percent to 9.2 percent. In the third quarter, provisions of 29 million ꞓ were made for the planned personnel cost reduction measures, which were adjusted. Including this effect was that Ebitda in Q3 26 million ꞓ (previous year: 34 million ꞓ). The Result after tax Sank due to the formation of provision and was in the third quarter at -7 million ꞓ (previous year quartal: 1 million ꞓ) and after nine months at -42 million ꞓ (previous year: 34 million ꞓ).
The Free Cashflow after nine months as expected at -97 million ꞓ (previous year: -54 million ꞓ). In the third quarter, he improved noticeably compared to the previous year and was slightly positive with 4 million ꞓ (previous year quartal: -26 million ꞓ). “Despite the order-related high stocks, our successful NWC management has contributed significantly to a positive Free Cashflow,” said Tania von Goltz, Financial Officer of Heidelberg. “The expected strong results in the final quarter and the dismantling of stocks to the end of the financial year will have a positive effect on the Free Cashflow.”
Segment Packaging remains growth driver
The Segment Packaging could significantly increase the order input. In the first three quarters, an increase of around 11 percent to 959 million ꞓ was recorded in the third quarter of around 15 percent. Megatrends in the packaging market are above all the increasing need for sustainable but also high -quality packaging. Here, the positioning of Heidelberg as a system integrator and overall solution provider has a positive effect and will help to further expand the very strong position in the packaging market. “The packaging pressure is the growth segment in the printing industry, also for Heidelberg. In particular, the product innovation around the board masters for the highly volume packaging print hits customer needs, ”said David Schmedding, board member of technology and sales at Heidelberg. “We want to gradually expand our business and portfolio in this market, in which we offer our customers integrated solutions through automation, robotics and software over the entire manufacturing process Segment Print the order input increased by 4.4 percent to 858 million ꞓ.
In the medium term, growth strategy promises sales potential of more than 300 million ꞓ
To expand its market position, Heidelberg increasingly opens up growth potential in the core business in Packaging and digital printing as well as in the software and lifecycle business. The first digital printing machines from cooperation with Canon go to customers in Switzerland and Germany. This makes the Sales with digital printing solutions including consumables, software and service increase significantly in the future. In addition, the company wants its offer in the growing market of „Green Technologies“ further expand. This includes key areas such as high -precision plant construction, the automotive industry, charging infrastructure and software, or new hydrogen technologies. A first prototype of one Electrolyseurs The hydrogen area is completed in summer. As part of an internal plant, this serves as a show case. The aim is to work with customers, application and technology partners as well as suppliers in the further development into a market-like system for the industrial production of hydrogen and to industrialize it. In the market of Electromobility Heidelberg wants to take a position among the leading system providers of charging solutions for companies and public areas in Europe in the medium term. The focus is on the operation of charging infrastructure with the aim of maximum availability and reliability as a service with stable recurring sales. This path is confirmed by projects with Autobahn GmbH and with companies at regional level. In total, Heidelberg sees for all strategic initiatives until the 2028/2029 financial year Growth potential of more than 300 million ꞓ sales with simultaneous performance and increase in efficiency.
Annual forecast confirmed that adjusted EBITDA margin should increase in the GJ 2025/2026 to up to around 8 percent
With the inclusion of the expectations and requirements published and presented in the area report 2023/2024, the company expects the Fiscal year 2024/2025 continued with sales at the level of the previous year (previous year: 2,395 million ꞓ). The adjusted EBITDA margin is also expected at the level of the previous year (previous year: 7.2 percent). The high order stock and the continuous focus on margins and costs form a good basis for achieving the goals. The implementation of the future plan and the increases in efficiency pay a positive amount of Heidelebrg’s profitability, the adjusted EBITDA margin should improve up to around 8 percent in the next financial year 2025/2026.
Über HEIDELBERG:
Heidelberger Druckmaschinen AG (Heidelberg) is a leading technology company that has stood for innovative strength, quality and reliability in mechanical engineering for 175 years. With a clear focus on growth, Heidelberg, as the overall provider, drives the further development in the core areas of packaging and digital printing, software solutions and the lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency. In addition, the company relies on the expansion of new business areas in the industrial business such as the high -precision plant engineering with integrated control, automation technology and robotics as well as the growing green technology. Due to a strong international presence in around 170 countries, the creativity and competence of its approximately 9,500 employees, own production facilities in Europe, China and the USA as well as one of the largest global sales and service networks, the company is optimally positioned for future growth.
Images and further information about the company are in Investor-Relations– and Presseportal Heidelberger Druckmaschinen AG at www.heidelberg.com available.
Important NOTE:
This press release contains the future -oriented statements based on assumptions and estimates of the company management of the Heidelberger printing machines Aktiengesellschaft. Even if the management of the view is that these are correct, the future development and the future actual results can significantly deviate from these assumptions and estimates due to a variety of factors. These factors can include, for example, the change in the overall economic situation, exchange rates and interest rates as well as changes within the graphic industry. The Heidelberg printing machine stock corporation assumes no warranty and no liability for the future development and the actual results achieved in the future.