Heidelberg has announced its operating profitability for the third quarter of its of financial year 2021/2022 (October 1 to December 31, 2021), which has seen incoming orders in the third quarter increase by 16 per cent to €643 million.
It mentioned that after nine months, this figure stood at €1,888 million, which is 33 per cent higher than the previous year. Heidelberg also said that the higher order backlog of €951 million at the end of the quarter exceeded the pre-pandemic level.
Sales were also up on the previous year – by 20 per cent at €582 million for the third quarter and by 21 per cent at €1,565 million after nine months.
EBITDA rose significantly in the third quarter, by 36 per cent to €57 million. EBITDA after nine months amounted to €132 million, which is 21 per cent higher than in the previous year.
According to the company, the operating improvement was primarily due to an increased business volume and better margins as a result of its transformation.
Heidelberg CEO Rainer Hundsdörfer said these successes are particularly impressive since the availability of parts is creating big challenges across the industry.
“The success of our efforts to transform Heidelberg is becoming ever clearer. Our core business is doing well thanks to our high level of innovation and our focus on customer benefits, and our digital business models are making a key contribution, too,” he said.
“What’s more, the dynamic growth in demand for electromobility solutions continues unabated. In this sector, we are systematically pressing ahead with our expansion outside Germany and, in the future, we will continue the strategic development of our business model through acquisitions and collaboration.
“Overall, we are well positioned for the future. Moreover, the healthy order backlog creates a sound basis as we look toward the start of financial year 2022/2023.”
For the years ahead, Heidelberg has systematically geared the group toward profitable growth in the areas of packaging printing and digital business models, in China, and also in new technology applications – especially electromobility and printed electronics.
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