Heidelberger Druckmaschinen AG (HEIDELBERG) has successfully met its targets for financial year 2023/2024, with sales remaining stable at around € 2.4 billion and an adjusted EBITDA margin of 7.2 percent. The company’s value creation program has also led to the highest free cash flow in over ten years, despite difficult economic conditions. With its recent participation in the drupa trade show and a new collaboration with Canon in the industrial inkjet printing sector, HEIDELBERG is confident about the prospects for financial year 2024/2025.
HEIDELBERG CEO Dr. Ludwin Monz states, “We have taken a big step toward our goal of achieving sustainable profitability at HEIDELBERG. Even in economically uncertain times, we have remained resolutely on track, which gives us confidence.” The company’s CFO Tania von der Goltz adds, “HEIDELBERG has performed solidly in financial terms. Our value creation program is a key step in creating a more future-proof company. In economically uncertain times, we are expecting stable business development.”
The Packaging Solutions segment has become the largest area of business at HEIDELBERG, accounting for 52 percent of sales in financial year 2023/2024. The company’s participation in the drupa trade show has also led to a recovery in incoming orders at the start of the new 2024/2025 financial year, with an expected € 650 million in the first quarter. This has also allowed for the prompt end of short-time work at the German sites.
Looking ahead to financial year 2024/2025, HEIDELBERG is expecting sales to match the previous year’s figure of € 2.4 billion, assuming no substantial changes in key exchange rates for the company’s business activities. The adjusted EBITDA margin is also expected to remain at the previous year’s level of 7.2 percent.
For more information about HEIDELBERG and its recent achievements, please visit the company’s Investor Relations portal and Press Lounge at www.heidelberg.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.