Heidelberg has made a positive start its financial year 2021/22 (April 1, 2021 to March 31, 2022). Thanks to a broad market recovery in virtually all regions and growing successes from the Group’s transformation strategy, the company has been able to deliver the promised improvements in sales and operating profitability in the first quarter.
Sales for Q1 increased by around a third compared with the equivalent period of the previous year, from €330m to € 441m. EBITDA, which was influenced in the equivalent quarter of the previous year by high earnings of €73m from the reorganisation of retirement provision and the widespread use of short-time working, improved substantially on an operational level to €15m. Despite clearly reduced sales, the figure for the period under review exceeded the pre-crisis level recorded in FY 2019/20 (€11m).
“As demonstrated by our encouraging initial quarter of financial year 2021/22, Heidelberg is really delivering. Buoyed by the global economic recovery and the notable improvement in operating profitability, we are also optimistic about meeting the targets announced for the year as a whole,” reports Rainer Hundsdörfer, CEO, Heidelberg.