EQS-News: HEIDELBERG achieves targets and closes financial year 2023/2024 successfully
Source: EQS
CEO Dr. Value enhancement program: More financial leeway for the further development of the company As part of the value enhancement program, HEIDELBERG has identified more than 250 measures to increase productivity and strengthen the financial base, which are being implemented on an ongoing basis. In the 2023/2024 financial year, the measures initiated at an early stage successfully compensated for the considerable negative impact on earnings from declining production volumes and rising costs. Measures to specifically optimize net working capital also had a positive impact on free cash flow. Incoming orders were also solid in the past 2023/2024 financial year. Although this was around 6 percent down on the previous year, it developed better than the industry average thanks to HEIDELBERG's good market position. After a weaker third quarter (€ 508 million), the situation improved significantly in the fourth quarter with incoming orders of just under € 600 million. This positive development was driven by strong business in Innovations at drupa - broad customer base as a strength HEIDELBERG is preparing for a successful drupa trade fair with technological innovations that support print shops with their biggest challenges. Automation and digitalization of the value chain as well as solutions for more resource-efficient production are the focus in both of the company's segments. Innovative products in the field of offset, digital and flexo printing, supplemented by collaborative robotics for the post-processing of print products, will demonstrate the company's forward-looking orientation at the upcoming trade fair. HEIDELBERG will rely even more heavily on its broad and established customer base as well as its globally organized and industry-leading sales and service for the future success of the company in order to profitably shape growth ambitions in new market segments. Image 1: The new HEIDELEBRG Speedmaster XL 106 of the Peak Performance Generation will be unveiled at drupa 2024. It is future-oriented and even more powerful with cloud functions. It will also be equipped with even more intelligent AI software. Fully automated printing plate logistics mean that fewer staff are needed for high productivity. Image 2: The new HEIDELBERG "StackStar C" collaborative robot does not require a safety fence, but has an innovative safety concept that works with mobile markers, among other things. The "StackStar C" relieves people in the further processing of printed matter. Images and further information about the company are available on the HEIDELBERG at the drupa 2024: drupa Interview
For further information: Corporate Communications Phone: +49 6222 82- 67123 E-Mail: Thomas.Fichtl@heidelberg.com
Phone: +49 6222 82-67179 E-Mail: Oliver.Claas@heidelberg.com
Investor Relations Tel: +49 (0)6222 82-67120 E-Mail: Maximilian.Beyer@heidelberg.com Important note: This press release contains forward-looking statements based on assumptions and estimates made by the management of
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Language: | English |
Company: | |
Kurfü |
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69115 Heidelberg | |
Phone: | +49 (0)6222 82-67120 |
Fax: | +49 (0)6222 82-67129 |
E-mail: | investorrelations@heidelberg.com |
Internet: | www.heidelberg.com |
ISIN: | DE0007314007 |
WKN: | 731400 |
Indices: | SDAX |
Listed: | Regulated Market in |
EQS News ID: | 1903305 |
End of News |
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1903305 15.05.2024 CET/CEST