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Heidelberg systematically gears portfolio toward profitability and growth - clearly positive EBITDA for first half of financial year 2014/2015

11/12/2014

  • Restructuring of Group continued for sustained profitable growth:
    ◦ Postpress business realigned
    ◦ Leaner, more flexible production structures in sheetfed offset equipment sector
    ◦ Targeted takeovers to invest in growth areas of consumables and digital
  • Half-year EBITDA, including income from Gallus transaction, climbs to € 53 million - decline in sales in line with expectations
  • Outlook: Restructuring of portfolio emphasizes target EBITDA margin of at least 8 percent in financial year 2015/2016

As announced at the Annual Press Conference in June, Heidelberger Druckmaschinen AG (Heidelberg) is systematically gearing its portfolio toward profitability and growth. The company has completed the realignment of its postpress business as planned and on schedule. At the end of October, Heidelberg signed a cooperation agreement with Masterwork Machinery Co., Ltd in China covering postpress packaging equipment. Under this agreement, the Chinese company Masterwork will develop and manufacture future products and solutions for this market segment; marketing and service outside China and Japan will remain in the hands of Heidelberg. The two companies have also agreed to consider joint production of components in China. Negotiations with employee representatives regarding a reduction in the workforce at the Ludwigsburg site have been completed and agreement has been reached on the closure of the Leipzig site. The aim is to place postpress on a profitable footing by focusing on competitive products and to improve the result by approximately € 30 million from the next financial year onward by adapting the business model.

Leaner, more flexible structures in sheetfed offset equipment sector
Acquisitions in growth areas of consumables and digital
Well on track after first half-year of 2014/2015 with EBITDA increased to € 53 million
Outlook: Restructuring of portfolio emphasizes target EBITDA margin of at least 8 percent in financial year 2015/2016
Further information
Important note:

robin_karpp

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

Thomas_Fichtl

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

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