HEIDELBERG – H1 23/24 results

HEIDELBERG says it is well on track after six months of the financial year 2023/2024. This is the result of a slight improvement in sales in the key EMEA region thanks to growth in the packaging segment.

After adjustment for exchange rate movements, the company achieved sales of €1.092 bn in the first half-year (April 1 – September 30, 2023), which matched the previous year (€1.120 bn). Incoming orders after six months totaled €1.184 bn after adjustment for exchange rate movements, which was also equivalent to the previous year’s level (€1.229 bn). The adjusted EBITDA was an improvement on the same period of the previous year, with the half-year figure amounting to €101m (adjusted result for previous year: €92m). The corresponding adjusted EBITDA margin increased to 9.2% (previous year: 8.2%).

The forecast for financial year 2023/2024 remains as published on June 14, 2023. Assuming the global economy does not see weaker growth than predicted by the economic research institutions, the company is still expecting sales in financial year 2023/2024 to match the previous year’s figure of €2.435 bn.

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