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DGAP-Ad-hoc: Heidelberger Druckmaschinen AG / Key word(s): Preliminary Results According to preliminary figures, Heidelberger Druckmaschinen AG (Heidelberg) has exceeded its own forecast in terms of net sales and operating margin for the financial year 2020/2021 just ended (April 1, 2020 to March 31, 2021). Thanks to a strong final quarter, sales of around EUR 1.913 billion were slightly above the forecast range of EUR 1.85 billion to EUR 1.90 billion. Due to rising demand, particularly in China, parts of Europe and, in the final quarter, also in the US, incoming orders rose to a level of around € 2.0 billion by the end of the financial year. In the fourth quarter alone, the order intake improved year-on-year from € 462 million to € 579 million. As a result of the positive effects realized under the transformation program and the higher sales volume in the final quarter, the operating return exceeds the company's own forecast. At around € 146 million, EBITDA excluding restructuring result in financial year 2020/2021 was significantly higher than in the previous year (€ 102 million). The EBITDA margin of around 7.6 percent thus exceeded the company's own forecast of around 7 percent. The company will publish its financial statements and annual report for financial year 2020/2021 on June 9, 2021. Important note: Contact: Heidelberger Druckmaschinen AG Corporate Public Relations Thomas Fichtl Phone: +49 (0)6222 82-67123 Fax: +49 (0)6222 82-67129 E-mail: thomas.fichtl@heidelberg.com Investor Relations Robin Karpp Phone: +49 (0)6222 82-67120 Fax: +49 (0)6222 82-99 67120 E-Mail: robin.karpp@heidelberg.com Information and Explanation of the Issuer to this News: Heidelberg surpasses forecast thanks to strong final quarter in FY 2020/2021 - Sales in FY 2020/2021 slightly above expectations at around € 1.913 billion - Substantially improved order situation in the final quarter increases incoming orders to around € 2 billion - Transformation program is taking effect: EBITDA margin excluding restructuring result at 7.6 percent better than forecast - Positive free cash flow and low net financial debt According to preliminary figures (unaudited), Heidelberger Druckmaschinen AG (Heidelberg) has exceeded its own forecast in terms of net sales and operating margin for the financial year 2020/2021 just ended (April 1, 2020 to March 31, 2021). Thanks to a strong final quarter, sales of around € 1.913 billion were slightly above the forecast range of € 1.85 billion to € 1.90 billion. Due to rising demand particularly in China, parts of Europe and, in the final quarter, also in the US, incoming orders rose to a high level of around € 2.0 billion by the end of the financial year. In the fourth quarter alone, the order intake improved significantly to €579 million, from € 462 million in the same quarter of the previous year. The order backlog thus increased to a level of € 636 million, providing a favorable basis for the new financial year. 'With a strong final spurt, we have been able to continue our recovery in business volume since the Corona-induced low in the summer,' said Rainer Hundsdörfer, Heidelberg's CEO. 'The upturn in the regions makes us confident that we will be able to continue our upward trend in net sales and margin in the future.' As a result of the positive effects realized under the transformation program and the higher sales volume in the final quarter, the operating return exceeded the company's own forecast. At € 146 million, EBITDA excluding restructuring result in financial year 2020/2021 was significantly higher than in the previous year (€102 million). The EBITDA margin of around 7.6 percent exceeded the company's own forecast of around 7 percent, even though the expected income from the sale of land at the Wiesloch site will only be recognized in the new financial year. 'The consistent and rapid implementation of our transformation program has stabilized Heidelberg during the pandemic and, with the tailwind of the market recovery setting in, provides the foundation for profitable growth,' said Marcus A. Wassenberg, the company's CFO. As expected, the preliminary result after taxes in financial year 2020/21 has improved significantly year-on-year. Due to the favorable final quarter, the loss is expected to be somewhat lower than previously anticipated. Thanks in particular to the sharp reduction in net working capital and income from asset management in the reporting period, free cash flow for the financial year as a whole will be clearly positive and net financial debt will be kept at a low level. The company will publish its financial statements and annual report for financial year 2020/2021 on June 9, 2021. Image material, and further information about the company are available in the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com. Heidelberg IR now on Twitter: Further information: Investor Relations Important note:
27-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Heidelberger Druckmaschinen AG |
| Kurfürsten-Anlage 52-60 | |
| 69115 Heidelberg | |
| Germany | |
| Phone: | +49 (0)6222 82-67121 |
| Fax: | +49 (0)6222 82-67129 |
| E-mail: | investorrelations@heidelberg.com |
| Internet: | www.heidelberg.com |
| ISIN: | DE0007314007 |
| WKN: | 731400 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1189527 |
| End of Announcement | DGAP News Service |
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1189527 27-Apr-2021 CET/CEST
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