Heidelberg starts new financial year with high order volume and improved operating profitability
- Broad market recovery and successes from transformation strategy
- Marked uptick in growth areas - successful trade show in China and strong expansion in e-mobility sector
- Q1 sales up by around a third and incoming orders by nearly 90 percent
- Notable improvement in operating profitability - EBITDA of € 15 million
- Outlook for FY 2021/22: Increased sales of at least € 2 billion, improved EBITDA margin of 6 to 7 percent, and slightly positive net result after taxes
- Sustainably high potential for result and free cash flow through lowering of break-even point to around € 1.9 billion in FY 2022/23
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DGAP-Ad-hoc: Heidelberger Druckmaschinen AG / Key word(s): Preliminary Results
Heidelberger Druckmaschinen AG: Heidelberg surpasses forecast based on preliminary financial figures for financial year 2020/2021
27-Apr-2021 / 18:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
According to preliminary figures, Heidelberger Druckmaschinen AG (Heidelberg) has exceeded its own forecast in terms of net sales and operating margin for the financial year 2020/2021 just ended (April 1, 2020 to March 31, 2021).
Thanks to a strong final quarter, sales of around EUR 1.913 billion were slightly above the forecast range of EUR 1.85 billion to EUR 1.90 billion. Due to rising demand, particularly in China, parts of Europe and, in the final quarter, also in the US, incoming orders rose to a level of around € 2.0 billio