05.03.21
Heidelberger Druckmaschinen AG had an excellent FY 2020-2021. According to unaudited preliminary figures, Heidelberg exceeded its own forecast in terms of net sales and operating margin for the financial year just ended (April 1, 2020 to March 31, 2021).
Thanks to a strong final quarter, sales of approximately €1.913 billion were slightly above the forecast range of €1.85 billion to €1.9 billion. Due to rising demand particularly in China, parts of Europe and, in the final quarter, also in the US, incoming orders rose to a high level of around €2 billion by the end of the financial year.
In the fourth quarter alone, the order intake improved significantly to €579 million, from €462 million in the same quarter of the previous year. The order backlog increased to a level of €636 million, providing a favorable basis for the new financial year.
"With a strong final spurt, we have been able to continue our recovery in business volume since the Corona-induced low in the summer," said Rainer Hundsdörfer, Heidelberg’s CEO. "The upturn in the regions makes us confident that we will be able to continue our upward trend in net sales and margin in the future."
At €146 million, EBITDA excluding restructuring result in financial year 2020/2021 was significantly higher than in the previous year (€102 million). The EBITDA margin of around 7.6% exceeded the company's own forecast of approximately 7%.
"The consistent and rapid implementation of our transformation program has stabilized Heidelberg during the pandemic and, with the tailwind of the market recovery setting in, provides the foundation for profitable growth," said Marcus A. Wassenberg, the company's CFO.
Thanks to a strong final quarter, sales of approximately €1.913 billion were slightly above the forecast range of €1.85 billion to €1.9 billion. Due to rising demand particularly in China, parts of Europe and, in the final quarter, also in the US, incoming orders rose to a high level of around €2 billion by the end of the financial year.
In the fourth quarter alone, the order intake improved significantly to €579 million, from €462 million in the same quarter of the previous year. The order backlog increased to a level of €636 million, providing a favorable basis for the new financial year.
"With a strong final spurt, we have been able to continue our recovery in business volume since the Corona-induced low in the summer," said Rainer Hundsdörfer, Heidelberg’s CEO. "The upturn in the regions makes us confident that we will be able to continue our upward trend in net sales and margin in the future."
At €146 million, EBITDA excluding restructuring result in financial year 2020/2021 was significantly higher than in the previous year (€102 million). The EBITDA margin of around 7.6% exceeded the company's own forecast of approximately 7%.
"The consistent and rapid implementation of our transformation program has stabilized Heidelberg during the pandemic and, with the tailwind of the market recovery setting in, provides the foundation for profitable growth," said Marcus A. Wassenberg, the company's CFO.