04/15/2026
Based on preliminary figures, Heidelberger Druckmaschinen AG (HEIDELBERG) is on track to meet its projected revenue target for the 2025/26 fiscal year on a currency-adjusted basis. Order intake also continued the trend seen in the final quarters of previous years. In addition, HEIDELBERG continues to successfully implement the personnel and efficiency measures it has initiated and is achieving its fiscal year targets with regard to operating costs.
The adjusted EBITDA margin, however, remains under sustained pressure and, according to preliminary, unaudited figures, is expected at around 6.6%. In early February, in the context of the Q3 2025/26 report, the annual forecast for the adjusted EBITDA margin was adjusted to the lower end of the projected increase. At that time, the primary reasons were negative currency effects and weakening investment demand resulting from a macroeconomic environment increasingly characterized by global uncertainty.
Geopolitical situation impacts operating performance toward the end of the fiscal year
Investment demand weakened sharply once again with the outbreak of the Iran conflict on February 28, 2026 along with persistently stable and thus continuously negative currency effects. A product mix that was weaker year-over-year, as well as initial, accelerated investments in new, promising activities outside the core business (primarily defense) have, based on the current preliminary status, led to a deviation in operating earnings compared to the original expectations at the start of the fiscal year on April 1, 2025. The magnitude of this deviation increased sharply, particularly in March 2026.
Furthermore, HEIDELBERG’s efforts to establish a second pillar of business through the HD Advanced Technologies (HDAT) division are resulting in accelerated and rising initial expenses, particularly due to the successful launch in the defense sector. In this way, the company aims to benefit, among others, from the defense market, which is expected to grow strongly in the future.
HEIDELBERG will publish the final, audited financial results for the 2025/2026 fiscal year on June 10, 2026.
Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has stood for innovation, quality, and reliability in mechanical engineering worldwide for more than 175 years. With a clear focus on growth, HEIDELBERG, as a full-service provider and system integrator, drives further development in its core areas of packaging and digital printing, software solutions, and the lifecycle business with service and consuma-bles, enabling customers to achieve maximum productivity and efficiency. Building on decades of industry and systems expertise, the company is also strategically tapping into new markets in the fields of security, energy, charging infrastructure, and industrial system solutions—with clear scaling capabilities and attractive medium- to long-term growth prospects. Thanks to a strong international presence in approximately 170 countries, the creativity and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the U.S., and one of the largest global sales and service networks, the company is optimally positioned for future growth. www.heidelberg.com
Image: According to preliminary figures, HEIDELBERG is on track in terms of revenue and order intake.
Image material, and further information about the company are available in the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.
This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.
Matthias Hartung
Press Officer – Corporate, Print Systems, and Technology
Tel.: +49 (0)6222 82 67174
Email: matthias.hartung@heidelberg.com
Sascha Donat
Head of Capital Market Relations
Email: sascha.donat@heidelberg.com
04/15/2026
Based on preliminary figures, Heidelberger Druckmaschinen AG (HEIDELBERG) is on track to meet its projected revenue target for the 2025/26 fiscal year on a currency-adjusted basis. Order intake also continued the trend seen in the final quarters of previous years. In addition, HEIDELBERG continues to successfully implement the personnel and efficiency measures it has initiated and is achieving its fiscal year targets with regard to operating costs.
The adjusted EBITDA margin, however, remains under sustained pressure and, according to preliminary, unaudited figures, is expected at around 6.6%. In early February, in the context of the Q3 2025/26 report, the annual forecast for the adjusted EBITDA margin was adjusted to the lower end of the projected increase. At that time, the primary reasons were negative currency effects and weakening investment demand resulting from a macroeconomic environment increasingly characterized by global uncertainty.
Geopolitical situation impacts operating performance toward the end of the fiscal year
Investment demand weakened sharply once again with the outbreak of the Iran conflict on February 28, 2026 along with persistently stable and thus continuously negative currency effects. A product mix that was weaker year-over-year, as well as initial, accelerated investments in new, promising activities outside the core business (primarily defense) have, based on the current preliminary status, led to a deviation in operating earnings compared to the original expectations at the start of the fiscal year on April 1, 2025. The magnitude of this deviation increased sharply, particularly in March 2026.
Furthermore, HEIDELBERG’s efforts to establish a second pillar of business through the HD Advanced Technologies (HDAT) division are resulting in accelerated and rising initial expenses, particularly due to the successful launch in the defense sector. In this way, the company aims to benefit, among others, from the defense market, which is expected to grow strongly in the future.
HEIDELBERG will publish the final, audited financial results for the 2025/2026 fiscal year on June 10, 2026.
Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has stood for innovation, quality, and reliability in mechanical engineering worldwide for more than 175 years. With a clear focus on growth, HEIDELBERG, as a full-service provider and system integrator, drives further development in its core areas of packaging and digital printing, software solutions, and the lifecycle business with service and consuma-bles, enabling customers to achieve maximum productivity and efficiency. Building on decades of industry and systems expertise, the company is also strategically tapping into new markets in the fields of security, energy, charging infrastructure, and industrial system solutions—with clear scaling capabilities and attractive medium- to long-term growth prospects. Thanks to a strong international presence in approximately 170 countries, the creativity and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the U.S., and one of the largest global sales and service networks, the company is optimally positioned for future growth. www.heidelberg.com
Image: According to preliminary figures, HEIDELBERG is on track in terms of revenue and order intake.
Image material, and further information about the company are available in the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.
This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.
Press Officer – Corporate, Print Systems, and Technology
Tel.: +49 (0)6222 82 67174
Head of Capital Market Relations
