Heidelberg Reports First Six Months

PrintAction Staff
November 17, 2015
By PrintAction Staff
Heidelberger Druckmaschinen AG of Germany states it is on course after the first half of its financial year 2015/2016 with increased sales over the previous year’s corresponding period. Group sales after six months increased to €1.162 billion compared to the previous period at €996 million. Heidelberg reports sales were up in all regions except Eastern Europe, where they remained stable. Incoming orders in the period under review improved to €1.323 billion (previous year: €1.167 billion).

“After the first half of the current financial year, we are on course to achieve our targets for the year,” said Dirk Kaliebe, CFO and Deputy CEO of the company. “As in previous years, we are expecting a further increase in sales and in the result in the second half of the financial year.”

Heidelberg also reports EBITDA, excluding special items, totaled €79 million (previous year: €53 million) and EBIT excluding special items €43 million (previous year: €19 million). Both these figures benefited from income from the takeover of consumables distributor European Printing Systems Group (PSG), amounting to some €19 million in the current financial year, compared with income of €18 million from the Gallus transaction in the previous year.

At €–30 million, Heidelberg’s free cash flow in the period under review remained at the same level as in the previous year. The company’s net financial debt at September 30 increased slightly to €284 million (March 31, 2015: €256 million). As at September 30, 2015, the Heidelberg Group had a global workforce of 11,753 plus 473 trainees (previous year: 12,393 plus 550 trainees). This includes around 380 new employees from the acquisition of PSG.

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