PRESSIdeas Nov 2024
The November 2024 issue of PRESSIdeas magazine for the printing, packaging, publishing and labelling industry in the South East Asia market.
November 2024
HEIDELBERG incoming orders after 6 months
exceed previous yr. level
The company anticipates a very strong second half to fi nancial year 2024/2025; reports high order backlog
and strong drupa orders.
Incoming orders in
the Asia Pacifi c region
recorded the clearest
growth in the fi rst six
months of the current
fi nancial year, increasing
by approximately 10
percent.
Key Notes :
> Incoming orders after
six months above
previous year’s level
thanks to strong
drupa orders.
> High order backlog
provides sound basis
for projected sales
volume in second half
of the year, capacities
being fully utilized.
> Packaging solutions
segment remains
growth driver.
Riding on a high order backlog of € 953 million,
Heidelberger Druckmaschinen AG (HEIDELBERG)
anticipates that the second half of financial year
2024/2025 will be strong, while current developments
over the quarters reflect the pronounced seasonality
that is to be expected. This positive outlook is based
on strong incoming orders in the first half of the
year, which are 7.4 percent up on the previous year,
at € 1.273 billion. Sales of € 915 million were within
expectations, due to purchasing restraint ahead of
the drupa trade show (previous year: € 1,092 million).
“HEIDELBERG is starting a very strong second half of
the year. We are now ramping up the utilization of our
production capacities so we can work through our
order backlog in the third and fourth quarters quickly
and profitably,” says HEIDELBERG CEO Jürgen Otto.
“The forecast sales volume for new machines has
already been almost entirely met with orders and our
production operations are running at full capacity. We
can be confident that we will achieve our targets for
the year.”
HEIDELBERG is still particularly strong in and around
China. Incoming orders in the Asia Pacific region
recorded the clearest growth in the first six months of
the current financial year, increasing by approximately
10 percent.
Based on strong order levels, the company
anticipates a clear increase in sales in the second
half of the current financial year in particular. When
adjusted for special items, the EBITDA margin in the
first six months of financial year 2024/2025 was 3.4
percent (same period of previous year: 9.2 percent)
and was impacted in particular by lower sales in
Q1 and by expenses related to drupa. Strict cost
discipline had a positive impact in the reporting
period. This is another reason why EBITDA improved
significantly compared to the first quarter from € -9
million to € 40 million. During the period under review,
there were no special items that require adjustment.
Compared to the same period of the previous year
(€ 33 million), the result after taxes after six months
dropped in line with the lower adjusted EBITDA to
€ -35 million. In the second quarter, the result after
taxes was positive, at € 7 million (same quarter of
previous year: € 23 million).
After the first half-year, free cash flow was, as
anticipated, € -102 million (same period of previous
year: € -28 million). It improved significantly in the
second quarter, creeping into positive figures, at € 2
million. “Our active cost management is increasingly
bearing fruit by considerably improving free cashflow
over the course of the year,” reports HEIDELBERG
CFO Tania von der Goltz. “Consistent cost control
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