SHERIDAN, WYOMING – August 4, 2024 – Heidelberger Druckmaschinen AG (HEIDELBERG), a global leader in printing technologies, announced a significant increase in order intake for the first quarter of fiscal year 2024/2025,driven by the highly successful drupa trade show. The company reported an order volume of €701 million, exceeding its own projections of €650 million and marking the highest order value since 2016.
Strong Order Backlog Supports Positive Outlook
This substantial order intake has resulted in a robust order backlog of €923 million, providing a solid foundation for revenue growth throughout the remainder of the fiscal year. While Q1 revenue was impacted by pre-drupa purchasing restraint, HEIDELBERG remains confident in its ability to deliver improved financial performance in the coming quarters.
"The exceptional order volume from drupa underscores the industry's confidence in HEIDELBERG's innovative solutions and reinforces our position as a trusted partner for printing businesses worldwide," said Jürgen Otto, CEO of HEIDELBERG. "We are actively addressing our cost structure and operational efficiency to ensure we capitalize on this momentum and achieve our financial targets."
Strategic Partnership with Canon to Drive Digital Growth
HEIDELBERG's strategic partnership with Canon, unveiled at drupa, is expected to accelerate the company's growth in the rapidly expanding digital industrial commercial printing market. This collaboration will enable HEIDELBERG to leverage Canon's expertise in digital printing technologies and expand its portfolio of solutions for this high-growth segment.
Financial Performance and Outlook
In Q1 2024/2025, HEIDELBERG reported revenue of €403 million, reflecting the anticipated pre-drupa slowdown.The company's adjusted operating result (EBITDA) was -€9 million, with a corresponding margin of -2.3%. Despite these initial challenges, HEIDELBERG remains committed to achieving its annual forecast, projecting stable earnings development and consistent revenue growth for the full fiscal year.
"We are confident that the strong order backlog and ongoing efforts to optimize our cost structure will drive positive financial results in the coming quarters," said Tania von der Goltz, CFO of HEIDELBERG. "We remain focused on delivering innovative solutions, expanding our market presence, and creating long-term value for our shareholders."
About Heidelberger Druckmaschinen AG
HEIDELBERG is a global leader in the development and manufacture of printing presses, prepress equipment, and software solutions for the printing industry. The company's comprehensive portfolio of products and services caters to a wide range of customer needs, from commercial printers to packaging converters. With a focus on innovation,sustainability, and customer-centricity, HEIDELBERG is committed to shaping the future of the printing industry.