Heidelberg reaches important strategic milestones – forecast for year as a whole confirmed
- Order backlog of €804 million in Q3 indicates strong final quarter
- Nine-month sales of €1,693 million approximately 2 percent up on previous year
- Solid operating result (EBITDA) of €101 million – net result after taxes improves
- Targets for financial year 2018/2019 as a whole still in sight
Heidelberger Druckmaschinen AG
Throughout financial year 2018/2019, Heidelberger Druckmaschinen AG (Heidelberg) is consistently pursuing its strategy of using digitization and collaborations to establish business models that deliver sustainable profitability. This includes, on the one hand, the move announced January 23, 2019 to reinforce activities in the growth market of packaging printing by expanding the partnership with China-based Masterwork. The intension is to expand the strong market position in this segment, better address the potential in China and Asia, and achieve efficiency improvements by further extending cooperation in production. On the other hand, Heidelberg has also reached key milestones in the roll-out of its “Heidelberg goes digital” strategy. Following the signing of 26 contracts for the new subscription model in the first nine months, the next interim target, as previously announced, is 30 contracts by the end of the financial year. This corresponds to an order volume of approximately €150 million.