Financial Year 2006/2007: Heidelberg Presents First-Quarter Figures |
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| 08/01/2006 |
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- Incoming orders around 21 percent up on previous year
- Sales climb by around nine percent to 719 million Euro
- Operating result more than doubled to 16 million Euro
- Outlook for full financial year 06/07 unchanged
Heidelberger Druckmaschinen AG (Heidelberg) increased its sales and earnings in the first quarter of financial year 2006/2007 compared with the previous year. At 719 million Euro, sales by the Heidelberg Group in the first three months (April 1 to June 30) were around nine percent up on the previous year (660 million Euro). Incoming orders in the first quarter increased by around 21 percent to 1.076 billion Euro (previous year: 886 million Euro). At 1.346 billion Euro, the order backlog at the end of the first quarter was up on the figure at March 31, 2006 (1.017 billion Euro) thanks to the good levels of incoming orders.
"The positive trend in the print media industry continued in the first three months of the new financial year," said Bernhard Schreier, Heidelberg's CEO. "The success of the Ipex trade show at the start of the financial year gave us considerable momentum. Our expectations for 2006/2007 are confirmed."
The Heidelberg Group recorded an operating result of 16 million Euro in the period under review (previous year: seven million Euro). The net profit in the first quarter was five million Euro(previous year: minus one million Euro) and was positive again for the first time in four years.
"The high volume of incoming orders in the first quarter proves that investment confidence in the print media industry has strengthened further," said Dr. Herbert Meyer, Heidelberg's CFO. "There was a considerable upturn in business, particularly in Europe and North America. The Asia/Pacific region remained at the high level of the previous year, if one deducts the good volume of incoming orders generated at the China Print trade show in May 2005."
As of June 30, 2006, the Heidelberg Group had a workforce of 18,876 worldwide (previous year: 18,583).
Increased sales and incoming orders in the Press and Postpress divisions
In the Press division (offset printing), sales rose to 620 million Euro in the first three months (previous year: 567 million Euro). Incoming orders in the period under review amounted to 954 million Euro (previous year: 788 million Euro). The operating result in the first quarter stood at four million Euro (previous year: seven million Euro) and included the costs of the Ipex trade show in Birmingham, UK.
In the Postpress division (finishing), quarterly sales were 89 million Euro (previous year: 80 million Euro). Incoming orders totaled 112 million Euro (previous year: 85 million Euro). The operating result in the period under review reached break-even (previous year: minus four million Euro).
In the EMEA, North America and Eastern Europe regions, sales in the first quarter were much higher than the comparable figures of the previous year. Sales in the Asia/Pacific region increased 0.4 percent after adjustments for currency fluctuations.
Outlook for financial year 2006/2007 unchanged
For financial year 2006/2007, the Company expects growth in sales of around five percent on financial year 2005/2006. Heidelberg plans to boost the result of operating activities to around ten percent of sales in the current financial year.
Share buyback program concluded
Heidelberger Druckmaschinen AG concluded last week the share buyback program begun on November 9, 2005. On the basis of the authorization issued by the Annual General Meeting of July 20, 2005, a total of 4,295,424 shares or five percent of capital stock had been bought back up to July 26, 2006 at an average price of 35.00 Euro. This amounts to a total figure of 150,349,212.29 Euro.
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For further Information:
Heidelberger Druckmaschinen AG
Investor Relations
Dirk Kaliebe
Tel: +49 (0)6221 92 60 20
Fax: +49 (0)6221 92 60 61
E-mail:
dirk.kaliebe@heidelberg.com
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Important Note
This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.
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