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.