Heidelberg executives and shareholders gathered at its recent Annual General Meeting to discuss the company’s strategic orientation for financial year 2021/2022, balance sheet figures for the past financial year (April 1, 2021 to March 31, 2022), and future plans.
At his first Annual General Meeting for the company, the chairman of the management board, Dr. Ludwin Monz, confirmed the development of Heidelberg’s core printing business and mentioned that it will establish into new business areas.
“In the future, Heidelberg will have to strike a balance between the further development of the core business of printing on the one hand and the development of new business on the other. Accordingly, we will take a two-pronged approach to our strategy,” he said.
He added that Heidelberg intends to remain as one of the technology leaders in the printing sector. Therefore, the company will continue to invest in the core markets of commercial and packaging printing.
According to Dr. Monz, the success in the printing sector should provide the financial scope for the business’ further expansion in new fields such as electromobility and to fund further potential through a wide range and depth of technologies as well as extensive capabilities in product innovation, industrial production, global sales and service.
“These capabilities help Heidelberg to develop new business areas,” he said.
Dr. Monz also mentioned that in the past two financial years, the financial and strategic realignment of the company has created good conditions for further positive development.
“The good order situation and the high order backlog also make Heidelberg confident, while the global economic situation and the challenging political situation continue to call for caution. At the start of the new 2022/23 financial year, business developed stably,” he said.
“Assuming a stable global economic development, Heidelberg expects growth, the improvement of the EBITDA margin and an improved after-tax result in the 2022/23 financial year.”
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