• 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
    Jim Kochanny, INX International Ink Co.

    Neil Hersh - ECKART America

    The Packaging Ink Market in 2023

    Sustainability and the Ink Industry

    Industry is Looking Forward to the 2023 European Coatings Show
    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
    ACTEGA, Makro Labelling to Advance Signite Technology

    BCF Requests Greater Urgency on REACH Impasse

    Updated Method Published for Entire BASF Product Portfolio

    Siegwerk Offers AWA Shrink Sleeve Label Technologies Workshop

    Active Minerals International Announces Price Increase
    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

    Roland DGA to Hold Open House Event at its Atlanta Imagination Center

    Richnerstutz AG Acquires an EFI VUTEk Q5r Superwide Roll-to-Roll Printer

    hubergroup Print Solutions Restructures UV Poly/Tin Offset Portfolio

    Mexar’s Emphasis on Pigment-Based Digital Textile Inks Pays Off

    Paul Edwards Joins INX as Digital Division VP
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Active Minerals International Announces Price Increase

    Evonik: Weak Economy Characterizes Difficult 1Q 2023

    Neil Hersh - ECKART America

    Brilliant Group Adds Mike Oberski, Alex Gerasimov

    TrustChem USA Appoints Michele Claeson VP of Sales
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    IM GROUP Gathers Best Industrial Tinting System for 10th Year in a Row

    Ross Offers Large Scale Condensate Receiver Tanks, Other Pressure Vessels

    ROSS V Cone Tumble Blenders Set for High Accuracy Mixtures

    Phoseon to Show Latest UV LED Curing Systems at Labelexpo Mexico

    Dr. Gregory Pace Joins RadTech
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Shin Etsu Silicones of America

    ROSS Mixers

    Orion Engineered Carbons

    Micro Powders, Inc.

    Heubach Group | Heubach Colorants USA, LLC
    Industry Events
    Live from Show Event
    Webinars
    • 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 Anticipates Strong 2019-2020

    A better order situation will compensate in part for the company’s weak first quarter in Europe, in particular.

    Heidelberg Anticipates Strong 2019-2020
    08.07.19
    Heidelberg has embarked on the second quarter of financial year 2019-2020 with a far better order situation, compensating in part for the weak first quarter in Europe, in particular.
     
    The company is continuing its digital transformation and expanding its digital business models with a view to significantly reducing its exposure to economic fluctuations and increasing the share of recurring business in the medium to long term. Demand for the contract and subscription offerings that are the main focus of this strategy continued to grow in the first quarter of financial year 2019-2020.
     
    The medium-term goal is to increase the share of recurring sales – primarily from contract and subscription business – to around one-third of total sales. With customer demand rising, Heidelberg is expanding its subscription portfolio and is now offering additional contract options. 
     
    Toward the end of the first quarter, in particular, the need for further strategic development of the company was highlighted by the increasing reluctance to invest, especially in Western Europe, and associated shifts in sales due to the economic slowdown.
     
    Quarterly sales, EBITDA excluding restructuring result, and the net result after taxes, for example, were all down on the corresponding figures for the previous year. In mid-July, Heidelberg adapted its outlook for financial year 2019-2020 as a whole to reflect the changed business expectations.
     
    Despite an improving order situation at the beginning of the second quarter and continuing positive effects from the successful Print China 2019 trade show, Heidelberg has introduced measures to boost results. These include strategies to make working hours more flexible in the short term – such as working-time accounts and short-time working – and structural projects to achieve a sustained increase in profitability.
     
    “The good start to the second quarter means we’re confident of achieving our planned business volume for the financial year. What’s more, the positive impact of the numerous measures we’ve introduced to improve our results and free cash flow will be felt in the second half of the financial year,” said Heidelberg CEO Rainer Hundsdörfer.
     
    In the face of growing economic uncertainty, above all in Central Europe, sales at Heidelberg fell from €541 million to €502 million in the first quarter of 2019-2020 (April 1, to June 30, 2019). Despite far higher demand in China following the successful Print China trade show, incoming orders of €615 million as at June 30, 2019 were down on the previous year’s figure (€665 million). The order backlog increased by around 12%, from €654 million at the end of the previous financial year on March 31, 2019 to €730 million as at June 30, 2019. This is partly due to the new subscription contracts, which will be reflected in the sales figures over their respective terms.
     
    Heidelberg is expecting sales for financial year 2019-2020 as a whole to match the previous year’s level. The company anticipates that further stable expansion of its contract business will compensate for the economic slowdown and the associated reluctance to invest in equipment. In the current financial year, Heidelberg is targeting EBITDA excluding restructuring result of between 6.5% and 7% of sales, and is expecting to break even after taxes.
    Related Searches
    • Sheetfed Inks
    • Inkjet Inks and Toners
    • heidelberg
    • UV and EB Inks
    Related Knowledge Center
    • UV and EB Inks
    • Inkjet Inks and Toners
    • Publication Offset Inks
    • Sheetfed Inks
    Suggested For You
    Ink Industry Expanding in Asia-Pacific Region Ink Industry Expanding in Asia-Pacific Region
    Chinese Print Shops Growing with Heidelberg Machines from Shanghai Plant Chinese Print Shops Growing with Heidelberg Machines from Shanghai Plant
    15 Uflex Limited 15 Uflex Limited
    Packaging Drives Growth in Asia-Pacific Ink Market Packaging Drives Growth in Asia-Pacific Ink Market
    Heidelberg Reports 1Q 2019 Results Heidelberg Reports 1Q 2019 Results
    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
    BOBST Showcases Innovations at K 2019, 3 Regional Open Houses BOBST Showcases Innovations at K 2019, 3 Regional Open Houses
    Evonik Expands Fumed Silica Capacity Evonik Expands Fumed Silica Capacity
    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
    Koenig & Bauer Showcases Press, Process Technologies at Print China Koenig & Bauer Showcases Press, Process Technologies at Print China
    Pigment Manufacturers Face Numerous Challenges in 2019 Pigment Manufacturers Face Numerous Challenges in 2019
    High Prospects for Ethiopia’s Printing Inks Market High Prospects for Ethiopia’s Printing Inks Market
    Komori Showcases Printing Solutions at Print China 2019 Komori Showcases Printing Solutions at Print China 2019

    Related Online Exclusives

    • Ink Industry Expanding in Asia-Pacific Region

      Ink Industry Expanding in Asia-Pacific Region

      The packaging market is growing throughout the Asia-Pacific region, and ink companies are building up their operations there.
      David Savastano, Editor 07.31.19

    • Breaking News | Printers News | Sheetfed Inks | UV and EB Inks
      Chinese Print Shops Growing with Heidelberg Machines from Shanghai Plant

      Chinese Print Shops Growing with Heidelberg Machines from Shanghai Plant

      Now every fifth printing unit is produced in Shanghai.
      07.30.19

    • 15 Uflex Limited

      15 Uflex Limited

      ...
      07.29.19


    • 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 | Financial News | Inkjet Inks and Toners | Printers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      Heidelberg Reports 1Q 2019 Results

      Heidelberg Reports 1Q 2019 Results

      Cyclical reluctance to invest weighs on start of 2019/20 financial year.
      07.22.19

    Loading, Please Wait..
    Trending
    • BR Printers Adds Two HP PageWide Web Presses T240 HD
    • Updated Method Published For Entire BASF Product Portfolio
    • ACTEGA, Makro Labelling To Advance Signite Technology
    • Roland DGA To Hold Open House Event At Its Atlanta Imagination Center
    • Despite Growth, There Are Challenges Ahead For Digital Printing
    Breaking News
    • ACTEGA, Makro Labelling to Advance Signite Technology
    • BCF Requests Greater Urgency on REACH Impasse
    • Updated Method Published for Entire BASF Product Portfolio
    • Siegwerk Offers AWA Shrink Sleeve Label Technologies Workshop
    • Active Minerals International Announces Price Increase
    View Breaking News >
    CURRENT ISSUE

    April 2023

    • The Packaging Ink Market in 2023
    • Sustainability and the Ink Industry
    • Energy-Curable Ink Market Continues to Grow
    • The 2023 Resin Report
    • Arriving Soon: The EU's New Dawn for Industry
    • Industry is Looking Forward to the 2023 European Coatings Show
    • Videojet Makes Its Mark in Coding Solutions
    • 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

    Verdure Sciences Receives Award for Sustainable, Ethical Turmeric Sourcing
    BGG Receives Patent for Saw Palmetto ID Method
    Premium Label & Packaging Solutions Receives Safe Quality Food (SQF) Certification
    Coatings World

    Latest Breaking News From Coatings World

    Boeing Starts Construction on New St. Louis Facility
    Brand Finance: Post-COVID Recovery Slows for Chemicals Industry Battling Energy Crisis
    BCF Calls for Greater Urgency on REACH Impasse
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    CareDx, Miromatrix Collaborate on Bioengineered Organs Research
    Capitainer Releases to Market its Fully Automated Sample Handler
    Titan Medical Licenses Most IP to Intuitive; CEO Steps Down
    Contract Pharma

    Latest Breaking News From Contract Pharma

    AVROBIO Sells Cystinosis Gene Therapy for $87.5 Million
    Meiji Seika Pharma, Adcock Ingram Pharma Complete Construction of New Manufacturing Facility
    JSR Life Sciences Consolidates KBI Biopharma and Selexis SA
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Unilever Uses AI for Product Development
    Beautycounter Names New Interim CEO
    Shaz & Kiks Available at Sephora
    Happi

    Latest Breaking News From Happi

    Covergirl Introduces Clean Fresh Yummy Gloss Collection
    Shaz and Kiks Launches at Sephora
    Beautycounter Appoints Board Director Mindy Mackenzie Interim CEO
    Ink World

    Latest Breaking News From Ink World

    ACTEGA, Makro Labelling to Advance Signite Technology
    BCF Requests Greater Urgency on REACH Impasse
    Updated Method Published for Entire BASF Product Portfolio
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    ACTEGA teams with Makro Labelling to advance Signite technology
    Constantia Flexibles and SB Packagings commence joint venture
    Inland donates new VersaStudio printer to local high school
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Mann+Hummel Names President Air Filtration Americas
    KNH Launches Eco-Friendly Menstrual Pads
    Niine Introduces India's First PLA-Based Sanitary Pads
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Enrollment Completed in Anika Therapeutics' Hyalofast Study
    Exactech Releases Next-Gen GPS Shoulder
    Data Shows Favorable Survivorship of MISHA Knee System & Reduction of Arthroplasty Risk in Patients
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    onsemi Presents Path to Accelerate Revenue Growth
    STMicroelectronics Introduces Waterproof MEMS Pressure Sensor
    Graphene Flagship to Join Euro Nano Forum 2023

    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