Heidelberg reports on Q3

In the first nine months of financial year 2019/20 (1 April to 31 December, 2019), Heidelberg recorded stable development in total sales and incoming orders. However, the persistently difficult market environment led to a decline in sales and operating profit in the third quarter.

At €1,900m after nine months, order intake was on a par with the previous year (previous year €1,912m). At €636m, incoming orders in the third quarter were up on the previous year’s figure of €606m. Order volumes increased in China and the USA in particular, while business in Germany and other parts of Europe remains weak. At €1,690m after nine months of the fiscal year, sales were still at the previous year’s level (previous year €1,693m). However, sales in the third quarter of the current fiscal year were lower than expected at €567m due to the reluctance to invest in Germany, Great Britain and the rest of Central Europe as a result of the economic situation, and were below the previous year’s figure of €579m.

EBITDA excluding the restructuring result was €47m in the third quarter (1 October to 31 December, 2019), compared with €39m in the prior-year quarter.

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