Solid performance for Heidelberg in first nine months

Thanks to strong demand from North America and Europe, along with sustained growth in the packaging segment, Heidelberg is well on track after nine months of the current 2022/23 financial year.

In the third quarter just ended, from October to December 2022, the Group bucked the general trend in the mechanical engineering industry by recording stable incoming orders of €630 million. This led to a high order backlog of almost €1 bn. At €609 million, sales in the third quarter were around 5% up on the equivalent quarter of the previous year. Adjusted for non-recurring effects, EBITDA was €18m higher than in the previous year, primarily due to the positive impact of rising sales.

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