Incoming orders around 934 million Euro
Sales climb by three percent to 742 million Euro
Operating result up to 26 million Euro
Outlook for full financial year 2007/08 unchanged
Heidelberger Druckmaschinen AG (Heidelberg) increased its
sales and earnings in the first quarter of financial year 2007/2008
compared with the previous year. At 742 million Euro, sales by the
Heidelberg Group in the first three months (April 1 - June 30) were
around three percent up on the previous year (719 million Euro).
Incoming orders in the first quarter were 934 million Euro
(previous year: 1.076 billion Euro). The decline compared with the
same quarter of the previous year is attributable to the high
volume of orders received at the Ipex trade show in April 2006. The
order backlog at the end of the first quarter was 1.196 billion
Euro (previous year: 1.346 billion Euro).
"The upward trend in the print media industry is
continuing on the back of positive developments in the global
economy," stated Bernhard Schreier, CEO of Heidelberger
Druckmaschinen. "If we take due account of the effect of the
Ipex trade show in Birmingham in the previous year, incoming orders
attained a very good level in the first quarter of 934 million
The Heidelberg Group recorded an operating result of 26
million Euro in the period under review (previous year: 16 million
Euro). The net profit in the first quarter was eight million Euro
(previous year: five million Euro).
"The operating result of the Heidelberg Group has once
again improved slightly over the previous year," stated
Heidelberg CFO Dirk Kaliebe, "and was able to more than
compensate for the anticipated costs from the collective wage
As of June 30, 2007, the Heidelberg Group had a workforce of
19,239 worldwide (up 68 during the quarter).
Results in the Press and Postpress divisions
In the Press Division (offset printing), sales rose to 639
million Euro in the first three months (previous year: 620 million
Euro). Incoming orders in the period under review amounted to 817
million Euro (previous year: 954 million Euro). The operating
result in the first quarter was 21 million Euro (previous year:
four million Euro); Prepress delivered positive results for the
In the Postpress Division (finishing), quarterly sales were
95 million Euro (previous year: 89 million Euro). Incoming orders
totaled 109 million Euro (previous year: 112 million Euro). The
operating result in the period under review was minus four million
Euro (previous year: break-even) due to exchange rate movements and
to the product mix.
Sales in all regions in the first quarter were on a par with
or exceeded the previous year´s level. In EMEA and
Asia/Pacific, incoming orders in the period under review fell in
comparison with the previous year due to the high volume of orders
received at the Ipex trade show in April 2006.
Outlook for financial year 2007/08 unchanged
During the next three-year period, from 2007/2008 to
2009/2010, the company expects total sales to increase by 10-15
percent. In the current financial year 2007/2008, Heidelberg
predicts moderate growth in the run-up to drupa 2008.
In financial year 2007/2008, Heidelberg is looking to
increase its pure operating result by 10-15 percent - compared to
the adjusted value for the previous year of 302 million Euro. This
marks out a target operating result for 2007/2008 of 330-345
The positive effects of the German tax reform and internal
optimization measures with regard to the tax rate will also play
their part in further increasing the net profit. Overall, the
Company expects an increase in the net profit - excluding one-time
effects - of around four percent of sales in the previous year to
about five percent in financial year 2007/2008.
The complete report for the first quarter of 2007/2008 is
available online at