Heidelberg reports on Q1 2023-24

Heidelberg has made a good start to the new financial year thanks to the recovery in Asia and growth in the packaging segment. The company’s sales in the first three months (April 1 to June 30, 2023) climbed to €544m (from €530m last year).

The adjusted operating result (EBITDA) of €42m was €18m up on the adjusted figure for the corresponding quarter of the previous year. The corresponding EBITDA margin was 7.7% (previous year: 4.6%). The net result after taxes improved to €10m (previous year: €5m). On a regional level, incoming orders grew strongly in Asia but demand in other markets was rather muted.

In the Packaging Solutions segment, the company recorded particularly strong growth of around 25% in incoming orders. “Heidelberg is strategically well positioned in its core market of printing and can thus cushion restrained developments in other areas,” says Ludwin Monz, CEO. “Thanks to the new Boardmaster for highly productive packaging printing that was unveiled in May 2023, the company already generated initial sales in the first quarter.”

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