Financial Year 2006/2007: Heidelberg Presents Nine-Month Figures
Incoming orders for third quarter seven percent up on
Sales around six percent up at 2.589 billion Euro
Operating result up to 202 million Euro
Outlook for full financial year 2006/2007 unchanged
In the first nine months of financial year 2006/2007 (April 1, 2006
- December 31, 2006), Heidelberger Druckmaschinen AG (Heidelberg)
returned figures for sales, incoming orders and operating result
that were up over the previous year. Sales by the Heidelberg Group
during the period under review climbed around six percent to 2.589
billion Euro (previous year: 2.437 billion Euro). Incoming orders
after nine months amounted to 2.913 billion Euro, around seven
percent up on the same period of the previous year (2.725 billion
Euro). The order backlog of 1.280 billion Euro at December 31, 2006
was once again on a very high level.
"The favorable development in the print media industry
has continued thanks to the positive trend in the economy as a
whole in 2006," stated Heidelberg CEO Bernhard Schreier.
"Capacity utilization and production activity in print shops
both increased in the two key markets Germany and the U.S."
The Heidelberg Group recorded an operating result of 202
million Euro in the period under review (previous year: 144 million
Euro). This corresponds to a return on sales of 7.8 percent. The
net profit after nine months - including a positive non-recurring
effect resulting from a corporate income tax credit in the third
quarter of 73 million Euro - was 180 million Euro (previous year:
65 million Euro). Earnings per share after nine months were 2.21
Euro (previous year: 0.76 Euro), of which 0.89 Euro were
attributable to the additional tax revenue.
"We were able to make further progress towards
increasing our productivity in both the third quarter and the nine
months as a whole," stated Heidelberg CFO Dirk Kaliebe.
"We are also making use of the resulting improved cash flow to
implement the share buyback program."
As at December 31, 2006, the Heidelberg Group had a workforce
of 19,156 worldwide (previous year: 18,700). This represents an
increase of around 400 since the end of the last financial year.
Nine-month sales and results show improvement in the
In the Press Division (offset printing), sales rose to 2.251
billion Euro in the first nine months (previous year: 2.130 billion
Euro). Incoming orders in the period under review amounted to 2.551
billion Euro (previous year: 2.395 billion Euro). The operating
result after the first three quarters amounted to 157 million Euro
(previous year: 121 million Euro). The positive business
development within the press division was also affected by the
considerably high demand for the large format, especially for the
Speedmaster XL 105. In the current fiscal year Heidelberg is
particularly investing in new technologies as there are Anicolor
and a new generation of sheetfed printing presses of a larger
format (Speedmaster XL 142/162).
In the Postpress Division (finishing), sales amounted to 309
million Euro, 14 percent up on the figure 12 months ago (previous
year: 271 million Euro). Incoming orders rose by around 13 percent
to 333 million Euro (previous year: 294 million Euro). The
operating result for the period under review amounted to seven
million Euro (previous year: two million Euro).
Sales and incoming orders in the EMEA, North America, Latin
America and Eastern Europe regions in the first nine months
exceeded the comparable figures for the previous year. In the
Asia/Pacific region, figures fell short of the high levels of the
previous year. Primarily the suspension of the import duty
exemption in China in the second and third quarter slowed down
incoming orders and sales. The restoration of the import duty
exemption on March 1, 2007 suggests that the expected improvement
in the order and supply situation for the Chinese market will be
deferred to the new financial year.
On November 7, 2006, Heidelberger Druckmaschinen AG launched
a second share buyback program: a total of up to five percent of
the company's capital stock - a maximum of 4,152,535 shares -
is to be repurchased on the stock market by January 2008 at the
latest. At the end of the quarter, on December 31, 2006, the
company had bought back 909,422 shares, equivalent to 1.1 percent
of the share capital.
Outlook for financial year 2006/2007 unchanged
For financial year 2006/2007, the company anticipates that
sales will be approximately five percent up on financial year
2005/2006. Heidelberg plans to increase its operating result to
approximately ten percent of sales during the current financial
The scheduled publication date for the preliminary figures
for financial year 2006/2007 is May 9, 2007.
For further information, please contact:
Heidelberger Druckmaschinen AG
Tel.: +49 (0)6221 92 47 47
Fax: +49 (0)6221 92 50 69
This Press Information contains statements about future
development that are based on assumptions and estimates by the
management of Heidelberger Druckmaschinen Aktiengesellschaft. Even
if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future
actual results may differ significantly from these
assumptions and estimates due to a variety of factors. These
factors can include changes to the overall economic climate,
changes to exchange rates and interest rates and changes in the
print media industry. Heidelberger Druckmaschinen
Aktiengesellschaft provides no guarantee that future developments
and the results actually achieved in the future will agree with the
assumptions and estimates set out in this press release and assumes
no liability for such.