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HEIDELBERG Expects Further Profitable Growth

Heidelberg is cautiously optimistic because it embarks on monetary 12 months 2022/23. The Group’s order backlog of round €900 million as at March 31, 2022 is the very best in ten years. Like all manufacturing firms, nevertheless, HEIDELBERG is dealing with some sharp will increase in materials, power, logistics, and staffing prices which can be prone to end in value changes. Thanks additionally to substantial effectivity enhancements ensuing from the package deal of measures lately, HEIDELBERG is however assured of with the ability to enhance gross sales from €2.18 billion to round €2.3 billion in monetary 12 months 2022/23 and in addition improve the EBITDA margin to at the very least 8 %.

The Group is benefiting from progress initiatives specializing in the worthwhile core markets of packaging printing, digital enterprise fashions, and the e-mobility sector, which is having fun with dynamic progress. For instance

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, gross sales of electrical car charging stations (wallboxes) climbed by over 120 % to some €50 million within the earlier monetary 12 months and HEIDELBERG is anticipating additional double-digit progress within the present 12 months.

“Over the previous monetary 12 months, HEIDELBERG has additional strengthened its resilience by considerably enhancing its gross sales and outcomes. Financially talking, the Group is in a greater place than for fairly a while. In monetary 12 months 2022/23, too, we want to profit from this, from the profitable progress initiatives specializing in the core markets and our digital enterprise fashions, and in addition from our e-mobility success story. That makes us optimistic about with the ability to counteract the very difficult circumstances, together with the large value will increase. We can be conserving a really shut eye on the markets in order that we are able to take any mandatory countermeasures. As issues stand at current, although, we expect additional progress in gross sales to round €2.3 billion and – primarily on account of operational enhancements – a rise within the EBITDA margin to at the very least 8 %,” says HEIDELBERG CEO, Dr. Ludwin Monz.

Realignment of HEIDELBERG bearing fruit

In monetary 12 months 2021/22 (April 1, 2021, to March 31, 2022), HEIDELBERG benefited from the Group’s profitable realignment over the earlier two years. Sales rose by 14 % to €2.183 billion, which met the goal of at the very least €2.1 billion. Significant progress was achieved in each business and packaging printing, with rising demand for nearly all merchandise and in all areas. Customer investments in new tools had been the principle driving power on this regard. Incoming orders elevated by greater than €450 million to €2.454 billion, which mirrored this improved funding local weather. The order backlog reached a degree of round €900 million (earlier 12 months: €636 million).

HEIDELBERG noticed the profitable growth of its electromobility enterprise proceed. In the Technology Solutions section, the excessive demand for personal electrical car charging stations (wallboxes) drove a rise in gross sales from €22 million to some €50 million. Despite excessive investments in progress, the working margin improved significantly, climbing from 0 to 7.8 %. With round 130,000 models bought, HEIDELBERG is likely one of the market leaders in Germany.

Thanks to the numerous progress in Group gross sales and vastly improved cost-efficiency, EBITDA elevated to €160 million (earlier 12 months: €95 million). Besides operational enhancements, non-recurring asset administration results – particularly revenue from the sale of docufy (round €22 million) and a property within the United Kingdom (roughly €26 million) – additionally made a optimistic contribution to this determine. Write-downs related to the financial sanctions towards Russia within the fourth quarter had the other impact. Corrected for non-recurring expenditure and revenue from the earlier 12 months, the operational enchancment that serves as a foundation for EBITDA was over €100 million. The EBITDA margin primarily based on gross sales reached a degree of seven.3 % (earlier 12 months: 5.0 %). Thanks additionally to the monetary outcome, which improved by €11 million to
€–30 million, the internet outcome after taxes elevated from €–43 million to €33 million.

Balance sheet high quality and free money movement enhance by over €100 million on an operational degree

Mainly as a result of important discount in internet working capital and to revenue from the sale of belongings in the course of the reporting interval, the free money movement rose from €40 million within the earlier 12 months to €88 million. Thanks to the profitable reimbursement of loans, borrowings, and a convertible bond, the internet monetary debt as soon as once more fell significantly, from €67 million to €–11 million. Leverage decreased from 0.7 to –0.1. HEIDELBERG additionally made clear progress with its fairness ratio. This elevated to 11.1 %, in contrast with 5.1 % for the earlier twelve months.

“Our efforts to enhance our money movement and stability sheet high quality are additionally bearing fruit. Going ahead, the main focus will stay on reaching a optimistic free money movement and additional strengthening our monetary state of affairs in order to make HEIDELBERG much more resilient,” provides the corporate’s CFO, Marcus A. Wassenberg.

Confidence for FY 2022/23 regardless of main international uncertainties

Despite main international uncertainties as a result of battle in Ukraine and pandemic-related lockdowns in China, the prospects of HEIDELBERG as soon as once more having fun with worthwhile progress in monetary 12 months 2022/23 are good. Assuming there isn’t a additional drop-off in demand or worsening of the availability chain state of affairs, gross sales are set to extend to round €2.3 billion (FY 2021/22: €2.183 billion). Besides the anticipated quantity and margin enhancements, the corporate can also be seeking to enhance profitability because of the sustained discount of structural prices ensuing from the continued transformation program. On the opposite hand, non-recurring revenue is forecast to be far decrease than the determine of some €48 million that was recorded within the earlier monetary 12 months. Further sharp rises in power and uncooked materials costs, increased staffing prices, and value will increase related to shortages and availability issues for sure merchandise are additionally anticipated. Despite these unfavorable components, the corporate is predicting an additional enchancment within the EBITDA margin to a degree of at the very least 8 % in monetary 12 months 2022/23 (FY 2021/22: 7.3 %). The internet outcome after taxes can also be set to extend at the very least barely in contrast with monetary 12 months 2021/22 (€33 million).

The monetary statements and Annual Report for monetary 12 months 2021/22, picture materials, and extra details about the corporate can be found within the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com

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