10/29/2026
HEIDELBERG is adjusting its earnings forecast for financial year 2026/2027. For the current financial year, HEIDELBERG now expects an adjusted EBITDA margin of 5.6% to 6.6%. Previously, the company had expected a noticeable improvement compared with the prior-year adjusted EBITDA margin of 6.6%.
The adjustment is primarily attributable to the global economic environment and continued cost pressure, negative product mix effects, particularly resulting from developments in the Middle East, and delays in projects in the Technologies segment.
The sales forecast for financial year 2026/2027 remains unchanged. HEIDELBERG continues to expect Group sales to remain stable compared with the prior year (prior year: €2,293 million).
Preliminary figures for the first half of the financial year
Based on preliminary figures, incoming orders amounted to €1,141 million in the first half of the financial year (prior year: €1,111 million) and €604 million in the second quarter (prior year: €551 million). Sales amounted to €913 million in the first half of the financial year (prior year: €985 million) and €509 million in the second quarter (prior year: €519 million). The adjusted EBITDA margin improved sequentially to 6.4% in the second quarter and amounted to 3.7% after six months (prior year: 6.4%).
Net result after taxes amounted to €-9 million after six months (prior year: €0 million) and increased to €24 million in the second quarter (prior year: €11 million), primarily due to a positive difference recognized in income arising from the acquisition of manroland sheetfed. Free cash flow amounted to €-125 million after six months (prior year: €-64 million), primarily due to the increase in net working capital during the financial year.
HEIDELBERG will publish the complete financial results for the first half of financial year 2026/2027 on November 12, 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 systems integrator—is driving further development in its core areas of packaging and digital printing, software solutions, and the lifecycle business with service and consumables, 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 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 well positioned globally.
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 press release contains forward-looking statements based on assumptions and estimates made by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Although management believes these assumptions and estimates to be accurate, actual future developments and results may differ significantly from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates, and interest rates, as well as changes within the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft makes no warranty and assumes no liability that future developments and actual results will correspond to the assumptions and estimates expressed in this press release.
Thomas Fichtl
Head of Global Communications
Tel.: +49 (0)6222 82 67123
Email: thomas.fichtl@heidelberg.com
Marc Schellenberger
Head of Investor Relations
Email: marc.schellenberger@heidelberg.com
10/29/2026
HEIDELBERG is adjusting its earnings forecast for financial year 2026/2027. For the current financial year, HEIDELBERG now expects an adjusted EBITDA margin of 5.6% to 6.6%. Previously, the company had expected a noticeable improvement compared with the prior-year adjusted EBITDA margin of 6.6%.
The adjustment is primarily attributable to the global economic environment and continued cost pressure, negative product mix effects, particularly resulting from developments in the Middle East, and delays in projects in the Technologies segment.
The sales forecast for financial year 2026/2027 remains unchanged. HEIDELBERG continues to expect Group sales to remain stable compared with the prior year (prior year: €2,293 million).
Preliminary figures for the first half of the financial year
Based on preliminary figures, incoming orders amounted to €1,141 million in the first half of the financial year (prior year: €1,111 million) and €604 million in the second quarter (prior year: €551 million). Sales amounted to €913 million in the first half of the financial year (prior year: €985 million) and €509 million in the second quarter (prior year: €519 million). The adjusted EBITDA margin improved sequentially to 6.4% in the second quarter and amounted to 3.7% after six months (prior year: 6.4%).
Net result after taxes amounted to €-9 million after six months (prior year: €0 million) and increased to €24 million in the second quarter (prior year: €11 million), primarily due to a positive difference recognized in income arising from the acquisition of manroland sheetfed. Free cash flow amounted to €-125 million after six months (prior year: €-64 million), primarily due to the increase in net working capital during the financial year.
HEIDELBERG will publish the complete financial results for the first half of financial year 2026/2027 on November 12, 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 systems integrator—is driving further development in its core areas of packaging and digital printing, software solutions, and the lifecycle business with service and consumables, 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 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 well positioned globally.
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 press release contains forward-looking statements based on assumptions and estimates made by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Although management believes these assumptions and estimates to be accurate, actual future developments and results may differ significantly from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates, and interest rates, as well as changes within the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft makes no warranty and assumes no liability that future developments and actual results will correspond to the assumptions and estimates expressed in this press release.
Head of Global Communications
Tel.: +49 (0)6222 82 67123
Head of Investor Relations
