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Solid second quarter improves half-year balance sheet – economic uncertainties remain

11/06/2019

  • Q2 sales up 9 percent to € 622 million
  • EBITDA (excluding restructuring result) rises to € 55 million in Q2
  • Focus on increasing liquidity and safeguarding profitability
  • Outlook for financial year 2019/2020 remains unchanged

In the second quarter (July 1 through September 30, 2019), Heidelberger Druckmaschinen AG (Heidelberg) succeeded in almost compensating for the relatively weak start to the year. As a result, sales for the quarter (up 9 percent to € 622 million), EBITDA (excluding restructuring result) (up 28 percent to € 55 million), and incoming orders (up 1 percent to € 648 million) all improved. The main boost to business came from the ongoing digitization of processes (Push-to-Stop technology) in the core business of sheetfed offset printing, which is currently generating higher sales in the United States and China in particular. Digital business models such as subscription are also making a positive contribution, as is the growing proportion of recurring sales from contract business and e-commerce. Subscription business now accounts for over 10 percent of the order backlog, for instance. The medium-term goal at Heidelberg is to significantly reduce the company’s exposure to economic fluctuations by generating around a third of total sales from recurring business.

Heidelberg responds to continuing economic uncertainties
Improved operational development in second quarter – economic uncertainties remain
Progress with free cash flow in second quarter
Outlook for financial year 2019/2020 remains unchanged
Thomas_Fichtl

Thomas Fichtl
Head of Corporate Public Relations and Press Officer Phone: +49 (0)6221 92 59 00
Fax.: +49 (0)6221 92 99 59 00

robin_karpp

Robin Karpp
Head of Investor Relations and Group Communications Phone: +49 (0)6222 82 67120
Fax.: +49 (0)6222 82 67129

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