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Heidelberg profitability up significantly after nine months –earnings target confirmed

02/05/2014

  • Operating result (EBITDA) excluding special items after nine months increased from € 4 million to € 67 million –
  • EBIT positive at € 10 million (previous year: € –58 million)
  • Sales below previous year at around € 1.7 billion – negative impact of strong euro
  • Free cash flow after nine months including restructuring expenses almost balanced out at € –10 millionFinancial framework successfully extended to 2017/2018
  • Financial framework successfully extended to 2017/2018
  • Outlook: Net profit remains target for financial year 2013/2014

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.

Next dates:

The Annual Accounts Press Conference for 2013/2014 is scheduled for June 11, 2014.


Thomas_Fichtl

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

robin_karpp

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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