Obtain an offer

Heidelberg grows and records significant annual net profit

05/10/2016

  • Sales nearly 8 percent up at €2.5 billion
  • EBITDA of €189 million – EBITDA margin close to 8 percent
  • Annual net profit of €28 million – result improves by €100 million
  • High-yield bond to be redeemed early
  • Solid financial structure for planned further expansion

Based on preliminary figures, Heidelberger Druckmaschinen AG (Heidelberg) has recorded a net result after taxes for financial year 2015/2016 (April 1, 2015 to March 31, 2016) that corresponds to a €100 million turnaround – from €–72 million to €28 million – and has thus achieved its goal of a significant net annual profit for the year under review. The improved operating result underlines that the strategic reorientation is having an impact and the company has embarked on a period of sustained profitability and growth. A healthy balance sheet also paves the way for further expansion.

“Heidelberg is back to making profits and is looking to the future with optimism. The year under review marks a turning point in our strategic reorientation. As promised, the course is now set for growth and sustained profitability,” said CEO Gerold Linzbach.

Sales after 12 months climbed to €2.512 billion (previous year: €2.334 billion). The growth after adjustment for exchange rate movements (€2.426 billion) was as expected at 4 percent. A good final quarter in the period under review took incoming orders beyond the previous year’s figure (€2.434 billion) to €2.492 billion. EBITDA excluding special items in the period under review totaled €189 million (previous year: €188 million, including special items amounting to some €50 million). This corresponds to an EBITDA margin of 7.8 percent (previous year excluding special items: 5.9 percent) of sales adjusted for exchange rate movements. Special items in the reporting period amounted to some €–21 million (previous year: €–99 million). The financial result improved substantially to €–65 million (previous year: €–96 million). Based on preliminary figures, this led to a net result after taxes of €28 million (previous year: €–72 million).

The free cash flow at the end of the financial year was still negative at approx. €–30 million (previous year: €–17 million), primarily due to restructuring costs and the PSG acquisition. The net financial debt in the quarter under review remained at a low level of around €280 million (March 31, 2015: €256 million) and the leverage was some way below the target value of 2 at 1.5.

High-yield bond to be redeemed early
Other dates

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

How can we help you?

We look forward to your message. In order to be able to react quickly to your request, we need some information. *These fields are required.