Headquarters of Heidelberger Druckmaschinen AG in Heidelberg
After nine months of financial year 2013/2014 (April 1 to December 31, 2013), Heidelberger Druckmaschinen AG (Heidelberg) remains on track with regard to earnings trend and profitability. After three quarters, the operating result is up significantly on the previous year. In the third quarter (October 1 to December 31, 2013), EBITDA remained at the previous year’s level despite the marked drop in sales. As a result, the company is on track to achieve its targets for the current financial year.
“After nine months, Heidelberg has made significant progress regarding profitability,” said Heidelberg CEO Gerold Linzbach. “As we expect our sales to pick up and the result to increase in the final quarter, we remain confident that we will meet our target of achieving a net profit.”
Group sales after nine months for the period under review stood at € 1.685 billion (previous year: € 1.905 billion). Negative exchange rate movements accounted for around a third of this drop. This also led to restrained investment activity in new machinery sales among customers in Asia/Pacific and South America, particularly Brazil, which were the regions hit hardest by these developments. Furthermore, Heidelberg continued to scale back its involvement in low-margin areas of business. In contrast, the North America region – particularly the United States – showed a revival in demand.
The report on the third quarter of financial year 2013/2014, image material, and further information about the company can be accessed at www.heidelberg.com.
The Annual Accounts Press Conference for 2013/2014 is scheduled for June 11, 2014.
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