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Heidelberg expecting profitable growth in FY 2021/2022 and subsequent years


  • Marked rise in demand and successful transformation program inspire confidence
  • Growth and increase in value for packaging printing, digital business models, business in China, and new technologies (such as wallboxes)
  • Outlook for FY 2021/2022 predicts rise in sales to at least € 2 billion, increase in EBITDA margin from 5 percent to between 6 and 7 percent, and slightly positive net result after taxes
  • Break-even threshold set to decrease to around € 1.9 billion in FY 2022/2023, offering significant potential for result and free cash flow

Given an improving order situation and the increasingly positive impact of the Group’s extensive transformation, Heidelberger Druckmaschinen AG (Heidelberg) is confident of returning to profitable growth in financial year 2021/2022 (April 1, 2021 to March 31, 2022). Despite the continuing uncertainties regarding the duration and scope of the negative effects of the COVID-19 pandemic in financial year 2021/2022, the company is therefore expecting sales to climb from € 1,913 million to at least € 2 billion.

“The comprehensive transformation Heidelberg initiated before the coronavirus pandemic hit has made the company leaner and more efficient. Given that demand is now also definitely picking up again in most key sales regions, we’re expecting to achieve a far better operating margin this year, including a slightly positive net result after taxes. The considerable growth potential offered by packaging printing, digital business models, business in China, and new technologies such as wallboxes is also making us confident about the years ahead,” comments Heidelberg CEO Rainer Hundsdörfer.

The company predicts that profitability will grow even more strongly than sales. For example, the expected increase in sales, the lower cost base, and the fact that significant restructuring costs of some 5.0 percent (including restructuring result) will no longer need to be met means the EBITDA margin is set to increase to between 6 and 7 percent. After two years of losses, a positive net result after taxes is also likely to be achieved thanks to a sustained improvement in the financial result.

Focus on profitable core business and expansion of growth areas
FY 2020/2021 highlights include much improved profitability
Clearly positive free cash flow of € 40 million exceeds expectations
Outlook reflects increasing confidence despite uncertainties
Break-even to be lowered significantly to sales of around € 1.9 billion by financial year 2022/2023
Further Information
Important note


Thomas Fichtl
Head of Corporate Public Relations and Press Officer Tel.: +49 (0)6222 82 67123
Fax.: +49 (0)6222 82 67129


Robin Karpp
Head of Investor Relations and Group Communications Tel.: +49 (0)6222 82 67120
Fax.: +49 (0)6222 82 67129

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