• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Energy-Curable Ink Market Continues to Grow

    The 2023 Resin Report

    Arriving Soon: The EU's New Dawn for Industry

    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Markem-Imaje Introduces New Hybrid Continuous Inkjet Printer

    Orion Debottlenecks German Facility for High-Jetness Carbon Blacks

    Barentz Expanding Market Acceleration Team

    WestRock Holds Ground-Breaking on New Corrugated Box Plant in Washington

    MNYPIA Names John Hrdlick 2023 Anthony Mauriello Award Honoree
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Markem-Imaje Introduces New Hybrid Continuous Inkjet Printer

    HP Debuts the HP Indigo 200K Digital Press

    Zebra Develops New Supply Chain Sensor Ecosystem

    Kodak Reports 4Q, Full-Year 2022 Financial Results

    Fujifilm Releases Uvijet HZ Thermoforming Ink for Acuity Prime Series
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Orion Debottlenecks German Facility for High-Jetness Carbon Blacks

    Evonik Invests in UK-Based Interface Polymers

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    The 2023 Resin Report
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    GMG and Sun Chemical Partnering on Digital Color Workflow

    Ross’ Multi-Shaft Mixer Designed for Medium Viscosity and Shear

    Excelitas Technologies Acquires Phoseon Technology
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Evonik Corporation

    Micro Powders, Inc.

    Hockmeyer Equipment Corp.

    ChromaScape LLC

    Orion Engineered Carbons
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Heidelberg Reports 1Q 2019 Results

    Cyclical reluctance to invest weighs on start of 2019/20 financial year.

    Heidelberg Reports 1Q 2019 Results
    Source: Heidelberg
    07.22.19
    The business performance of Heidelberger Druckmaschinen AG in the first quarter (April 1, 2019 to June 30, 2019) of financial year 2019/20 was impacted in particular at the end of the reporting period by the increasing reluctance to invest and the corresponding shift in sales due to the economic downturn. In the traditionally weakest quarter of the year, the company recorded sales of €502 million, compared with €541 million in the same period of the previous year. Especially in Germany and parts of Europe, it was not possible to repeat the previous year’s performance. 
     
    Demand for contract offerings (service, software and supply contracts for consumables and, in the final stage, subscription contracts including equipment) developed positively, with the proportion of recurring revenues rising by almost 10% year-on-year to around €80 million. Due to the ramp up, however, it has not yet been possible to compensate for the overall decline in sales.
     
    Despite significantly higher demand in China as a result of the positive outcome of the Print China trade fair, as at June 30, 2019, incoming orders were down on the previous year (€665 million) at €615 million. At around €14 million (including the IFRS 16 effect of around €4 million), EBITDA excluding restructuring result was also below the unadjusted prior year figure of around €20 million. After taxes, the Group reported approximately €-31 million (previous year: €–15 million). In view of the net working capital build up during the year and investments in the expansion of digital business models, free cash flow was negative at €–83 million (previous year: €–45 million).
     
    For the 2019/20 financial year as a whole, Heidelberg continues to anticipate sales at the previous year’s level. Despite the economic downturn and the associated reluctance to invest in the equipment business, the company expects to compensate for this by further stable expansion of the contract business.
     
    “The increasing share of recurring contract business will have an increasingly stabilizing effect on our total sales,” CEO Rainer Hundsdörfer said. “We will counter the negative impact on earnings with short term measures and sustainable structural improvements.”
     
    Investment projects in the new product and solution offerings from Heidelberg’s ongoing digital transformation will be implemented as planned. The goal remains to strengthen the contract and subscription business with recurring revenues, to expand the share of wallet per customer and to significantly reduce the impact of economic cyclicality on the company. In the medium term, the share of sales from recurring contract business is to be increased to approximately one-third of total sales.
    Related Searches
    • Inkjet Inks and Toners
    • UV and EB Inks
    • heidelberg
    • Sheetfed Inks
    Related Knowledge Center
    • Inkjet Inks and Toners
    • UV and EB Inks
    • Sheetfed Inks
    • Publication Offset Inks
    Suggested For You
    Packaging Drives Growth in Asia-Pacific Ink Market Packaging Drives Growth in Asia-Pacific Ink Market
    Heidelberg/Gallus Focusing on Digitization of Label Production at Labelexpo Europe 2019 Heidelberg/Gallus Focusing on Digitization of Label Production at Labelexpo Europe 2019
    Specialty Printing Consumables Market to Register 4.1% CAGR from 2019-2025: Grand View Research Specialty Printing Consumables Market to Register 4.1% CAGR from 2019-2025: Grand View Research
    Heidelberg Acquires Software Start-up Crispy Mountain Heidelberg Acquires Software Start-up Crispy Mountain
    Heidelberg Announces Personnel Change in Management Board Heidelberg Announces Personnel Change in Management Board
    Uflex Net Revenue Up by 18.5% for FY2018-19 Uflex Net Revenue Up by 18.5% for FY2018-19
    Heidelberg Reports Strong Interest from Customers at Packaging Days Heidelberg Reports Strong Interest from Customers at Packaging Days
    Heidelberg Achieves Targets for 2018/19 Heidelberg Achieves Targets for 2018/19
    Heidelberg Highlights Digital Solutions at Print China 2019 Heidelberg Highlights Digital Solutions at Print China 2019
    DowDuPont Reports First Quarter 2019 Results DowDuPont Reports First Quarter 2019 Results
    Sonoco Reports First Quarter 2019 Results Sonoco Reports First Quarter 2019 Results
    Heidelberg Completes Capital Increase Heidelberg Completes Capital Increase
    Pigment Manufacturers Face Numerous Challenges in 2019 Pigment Manufacturers Face Numerous Challenges in 2019
    The 2019 European Ink Review The 2019 European Ink Review
    SAXOPRINT Invests in New Large-Format Press from Heidelberg SAXOPRINT Invests in New Large-Format Press from Heidelberg

    Related Features

    • Ink Manufacturers News | Inkjet Inks and Toners | Sheetfed Inks | Suppliers News | UV and EB Inks
      Packaging Drives Growth in Asia-Pacific Ink Market

      Packaging Drives Growth in Asia-Pacific Ink Market

      India, Vietnam, Thailand, Bangladesh, Indonesia and Malaysia are seen as particularly strong opportunities.
      David Savastano, Editor 07.28.19

    • Breaking News | Inkjet Inks and Toners | Printers News
      Heidelberg/Gallus Focusing on Digitization of Label Production at Labelexpo Europe 2019

      Heidelberg/Gallus Focusing on Digitization of Label Production at Labelexpo Europe 2019

      Unveiling Digital Printbar for a 'new dimension' in digital embellishment.
      07.16.19

    • Breaking News | Inkjet Inks and Toners | Market Research
      Specialty Printing Consumables Market to Register 4.1% CAGR from 2019-2025: Grand View Research

      Specialty Printing Consumables Market to Register 4.1% CAGR from 2019-2025: Grand View Research

      The market size was valued at USD $308.6 million in 2018.
      07.11.19


    • Breaking News | Inkjet Inks and Toners | Mergers and Acquisitions | Printers News | Sheetfed Inks
      Heidelberg Acquires Software Start-up Crispy Mountain

      Heidelberg Acquires Software Start-up Crispy Mountain

      Expands cloud-based applications, opens platform for third-party applications.
      06.06.19

    • Breaking News | Inkjet Inks and Toners | Personnel | Printers News | Sheetfed Inks
      Heidelberg Announces Personnel Change in Management Board

      Heidelberg Announces Personnel Change in Management Board

      CFO Dirk Kaliebe informed the Supervisory Board that he was not seeking to renew his current contract, which expires in 2021.
      05.29.19

    Loading, Please Wait..
    Trending
    • WestRock Holds Ground-Breaking On New Corrugated Box Plant In Washington
    • HP Debuts The HP Indigo 200K Digital Press
    • Fujifilm Releases Uvijet HZ Thermoforming Ink For Acuity Prime Series
    • The Key Ingredients To Ink
    • Ink World Interview: Lisa Pruett, President, Packaging Solutions, Forms And Labels For RRD
    Breaking News
    • Markem-Imaje Introduces New Hybrid Continuous Inkjet Printer
    • Orion Debottlenecks German Facility for High-Jetness Carbon Blacks
    • Barentz Expanding Market Acceleration Team
    • WestRock Holds Ground-Breaking on New Corrugated Box Plant in Washington
    • MNYPIA Names John Hrdlick 2023 Anthony Mauriello Award Honoree
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • The Pigment Market Continues to Grow in 2023
    • The Inkjet Ink Market in 2023
    • Sustainability and Raw Materials
    • TSCA and the Ink Industry
    • The 2023 Equipment Report
    • Mike Oberski Receives NAPIM’s TAM Service Award
    • Developments and Clarifications in EU Food Contact Regulations
    • Specialty Inks are Nocopi Technologies’ Forte
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    IFF Achieves Industrial-Scale Production of Anaerobic Probiotic Strain
    Jones Healthcare Group Primed to Help Nutraceutical Brands Comply with New Packaging Rules
    Coatings World

    Latest Breaking News From Coatings World

    Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks
    Barentz Expands Market Acceleration Team
    Röhm Launches DEGALAN proTerra
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Relay Robotics Adds Three Executives to its Product Team
    FDA Clears Atalante Hands-Free Self-Balancing Device
    Kerecis Debuts New Fish-Skin Burn Products
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Hovione, Laxxon Medical Partner on 3D Screen Printed Pharmaceutical Apps
    Stäubli Robotics to Showcase Next Gen Pharma Robots at Interphex 2023
    Remedium, Exothera Partner on Scale-Up, Demonstration Runs for AAV2-FGF18
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Puig’s Net Revenue Grows 40% to Over $3.9 Billion in 2022
    Wella Company Appoints Frank Smalla as Chief Financial Officer & Chief Operating Officer
    True Botanicals Secures Series B Investment from NextWorld Evergreen
    Happi

    Latest Breaking News From Happi

    True Botanicals Announces Series B Investment From NextWorld Evergreen
    Rodan + Fields Celebrates 15 Years with Limited-Edition Birthday Box
    Johnson’s Baby Releases Body Wash, Shampoo and Face and Body Cream for Sensitive Skin
    Ink World

    Latest Breaking News From Ink World

    Markem-Imaje Introduces New Hybrid Continuous Inkjet Printer
    Orion Debottlenecks German Facility for High-Jetness Carbon Blacks
    Barentz Expanding Market Acceleration Team
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Mark Andy introduces ProWORX Label Suite
    Brook + Whittle to install first HP Indigo V12 digital press in US
    HP debuts HP Indigo 200K digital press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Responsible Flushing Alliance Holds Annual Meeting
    Berry Releases 2022 Impact Report
    Kimberly-Clark Ranks Third Among 100 Most Sustainable Companies
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Missouri Neurosurgeon Settles Federal Kickback Lawsuit for $825K
    Head and Neck Injury Severity Rising in High School Athletes
    Loci Orthopaedics Earns New Patent for Thumb Base Joint Implant System
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Global Fab Equipment Spending on Track for 2024 Recovery: SEMI
    NextFlex Launches $4.4 Million Funding Opportunity
    Confidex Partners with Mesh Specialist Wirepas

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login