{"id":2976,"date":"2023-06-14T18:56:43","date_gmt":"2023-06-14T09:56:43","guid":{"rendered":"http:\/\/ctiweb.co.jp\/con\/en\/?p=2976"},"modified":"2023-06-14T18:56:43","modified_gmt":"2023-06-14T09:56:43","slug":"heidelberg-sets-a-new-course-following-a-successful-financial-year","status":"publish","type":"post","link":"https:\/\/ctiweb.co.jp\/con\/en\/heidelberg-sets-a-new-course-following-a-successful-financial-year","title":{"rendered":"HEIDELBERG sets a new course following a successful financial year"},"content":{"rendered":"\n<ul class=\"wp-container-2 wp-block-gallery-1 wp-block-gallery columns-3 is-cropped\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023-1024x683.jpg\" alt=\"\" data-id=\"2977\" data-link=\"https:\/\/ctiweb.co.jp\/con\/en\/?attachment_id=2977\" class=\"wp-image-2977\" srcset=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023-1024x683.jpg 1024w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023-300x200.jpg 300w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023-768x512.jpg 768w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023-1200x800.jpg 1200w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/01_HEIDELBERG_Vorstand_2023.jpg 2000w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption> <br>HEIDELBERG CEO Dr. Ludwin Monz and CFO Tania von der Goltz present the company\u2019s balance sheet and strategy <\/figcaption><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy-1024x683.jpg\" alt=\"\" data-id=\"2978\" data-link=\"https:\/\/ctiweb.co.jp\/con\/en\/?attachment_id=2978\" class=\"wp-image-2978\" srcset=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy-1024x683.jpg 1024w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy-300x200.jpg 300w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy-768x512.jpg 768w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy-1200x800.jpg 1200w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/02_HEIDELBERG_Strategy.jpg 1500w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption> <br>The dual-track strategy of HEIDELBERG \u2013 making an impression on the printing market beyond its business with sheetfed offset presses and unlocking new markets. <\/figcaption><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/03_HEIDELBERG_Boardmaster-1024x683.jpg\" alt=\"\" data-id=\"2979\" data-link=\"https:\/\/ctiweb.co.jp\/con\/en\/?attachment_id=2979\" class=\"wp-image-2979\" srcset=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/03_HEIDELBERG_Boardmaster-1024x683.jpg 1024w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/03_HEIDELBERG_Boardmaster-300x200.jpg 300w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/03_HEIDELBERG_Boardmaster-768x512.jpg 768w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/03_HEIDELBERG_Boardmaster-1200x800.jpg 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption> <br>With a machine availability of up to 90 percent, the new high-tech Boardmaster web printing system from HEIDELBERG doubles productivity in industrial packaging production <\/figcaption><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1024\" height=\"677\" src=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/04_Gallus_One-1024x677.jpg\" alt=\"\" data-id=\"2980\" data-link=\"https:\/\/ctiweb.co.jp\/con\/en\/?attachment_id=2980\" class=\"wp-image-2980\" srcset=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/04_Gallus_One-1024x677.jpg 1024w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/04_Gallus_One-300x198.jpg 300w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/04_Gallus_One-768x508.jpg 768w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/04_Gallus_One-1200x793.jpg 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption> <br>With its Gallus One fully digital label press, HEIDELBERG intends to build on its position in the growing label market <\/figcaption><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/05_HEIDELBERG-1024x683.jpg\" alt=\"\" data-id=\"2981\" data-link=\"https:\/\/ctiweb.co.jp\/con\/en\/?attachment_id=2981\" class=\"wp-image-2981\" srcset=\"https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/05_HEIDELBERG-1024x683.jpg 1024w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/05_HEIDELBERG-300x200.jpg 300w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/05_HEIDELBERG-768x512.jpg 768w, https:\/\/ctiweb.co.jp\/con\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/05_HEIDELBERG-1200x800.jpg 1200w\" sizes=\"(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption> <br>HEIDELBERG is setting a new course following a successful financial year <\/figcaption><\/figure><\/li><\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.heidelberg.com\/global\/de\/index.jsp\">Heidelberger Druckmaschinen AG<\/a><\/strong> (HEIDELBERG) exceeded its targets in the challenging financial year 2022\/2023. The technology company generated sales of \u20ac2.435 billion compared with \u20ac2.183 billion in the previous year, which represents an increase of around 12 percent. The adjusted operating result rose from 5.1 percent to 7.2 percent. The free cash flow was positive at \u20ac72 million, but this figure benefited from non-recurring effects. \u201cWe achieved a good outcome in a challenging environment in the financial year just closed,\u201d says HEIDELBERG CEO Dr. Ludwin Monz. \u201cFaced with further cost increases and a level of profitability that remains low, HEIDELBERG is initiating a value creation program,\u201d he adds. The aim is to further boost the company\u2019s financial strength and step-up investments in growth areas.<\/p>\n\n\n\n<p>The new business strategy will lay the foundation for future investments. With its dual-track strategy, HEIDELBERG is pursuing two key strategic approaches. Firstly, the company is looking to make an impression on the printing market beyond its business with sheetfed offset presses, especially in the packaging market and digital printing. And, secondly, as it has already done with its wallbox business, HEIDELBERG will be unlocking new markets alongside its core business. To deliver innovation and, in particular, the associated growth, HEIDELBERG requires the necessary resources \u2013 whether to further strengthen its product portfolio in the growing packaging sector or to fund a development budget for the successful expansion of digital printing. With this in mind, the company is looking to significantly increase its free cash flow in the medium term. \u201cWe will provide and redistribute the resources for growth through our own internal efforts so as to successfully implement our growth strategy,\u201d explains HEIDELBERG CFO Tania von der Goltz. That particularly applies to the market environment, which remains challenging and shapes the outlook for 2024.<\/p>\n\n\n\n<h2>Scope for growth \u2013 targeting a higher free cash flow <\/h2>\n\n\n\n<p>To deliver innovation and, in particular, the associated growth, HEIDELBERG requires the necessary resources \u2013 whether to further strengthen its product portfolio in the growing packaging sector or to fund a development budget for the successful expansion of digital printing. With this in mind, the company is looking to significantly increase its free cash flow in the medium term. \u201cWe will provide and redistribute the resources for growth through our own internal efforts so as to successfully implement our growth strategy,\u201d explains HEIDELBERG CFO Tania von der Goltz. That particularly applies to the market environment, which remains challenging and shapes the outlook for 2024. <\/p>\n\n\n\n<h2>Successful financial year 2022\/2023 in a difficult economic environment<br><\/h2>\n\n\n\n<p>Thanks to a strong final quarter, sales in financial year 2022\/2023 were slightly higher than the forecast level of \u20ac2.3 billion, amounting to around \u20ac2.435 billion (previous year: \u20ac2.183 billion). Strong growth in the Packaging Solutions segment made a particular contribution to the result. The order backlog on March 31, 2023, remained high at around \u20ac848 million (previous year \u20ac901 million).<\/p>\n\n\n\n<p>Price adjustments and positive sales developments had a particular impact on EBITDA. At 8.6 percent, the EBITDA margin exceeded the target of at least 8 percent. Adjusted for earnings from the sale of fixed assets, the EBITDA margin was 7.2 percent (previous year: 5.1 percent). Due to the higher absolute EBITDA level and financial and tax results that benefited from non-recurring relief, the net result after taxes amounted to \u20ac91 million. This result was thus much better than the predicted slight improvement on the previous year\u2019s figure (\u20ac33 million). It also exceeded market expectations, which had already moved beyond the original forecast in the course of the financial year.<\/p>\n\n\n\n<h2>Free cash flow buoyed by non-recurring effects <\/h2>\n\n\n\n<p>At \u20ac72 million, the free cash flow was lower than in the previous year (\u20ac88 million). As in earlier years, the cash flow benefited from non-recurring effects such as land sales. The operating cash flow was boosted by the improved results situation but negatively affected by the volume-related increase in inventories. The net financial position (cash minus financial liabilities) improved to \u20ac51 million at the end of the reporting period (previous year: \u20ac11 million). HEIDELBERG is also making progress with its equity ratio, which increased to around 23 percent (previous year: 11 percent) at the end of the financial year. Alongside the higher actuarial interest rate for pensions in Germany and the planned revaluation of land, this is above all due to the positive net result after taxes.<\/p>\n\n\n\n<h2>Increased investments in growth markets of packaging and digital printing \u2013 international expansion of business with charging solutions <\/h2>\n\n\n\n<p>As the global demand for packaged goods continues to increase, packaging and label printing is enjoying particular growth, making it an important core segment for HEIDELBERG. The Packaging Solutions segment already accounts for around half of the company\u2019s sales. This proportion has gradually increased in recent years, a development to which innovations have also contributed. The new generation of Speedmaster XL 106 sheetfed offset presses enables folding carton manufacturers, in particular, to increase their net output by up to 10 percent. The Boardmaster flexographic web printing system, a completely new development, doubles the productivity of price-sensitive folding carton printing compared to the predecessor model. HEIDELBERG intends to use this technology to support its strategy and growth. In line with its dual-track strategy, it is also focusing on growth in digital printing \u2013 a segment that is enjoying the strongest growth in the label market, with a rate of around 6 percent. The company is looking to build on its position in this market with Gallus One, the first fully digital and highly automated label printing system.<\/p>\n\n\n\n<p>Thanks to its charging solutions for electric cars, HEIDELBERG has successfully positioned itself in the growth market of domestic electric mobility in Germany through its subsidiary Amperfied GmbH. To reach a larger customer base in the future, the company is further driving its expansion into other European countries. A wallbox with a solar function is also being added to the product portfolio to benefit from the growing number of domestic photovoltaic installations.<\/p>\n\n\n\n<h2>Outlook for FY 2023\/2024 \u2013 shaped by uncertainties in global economic policy<\/h2>\n\n\n\n<p>Financial year 2023\/2024 will continue to be affected by exceptionally challenging conditions, such as increasing material, energy, and personnel costs. HEIDELBERG is intending to carry on compensating for this by increasing its sales prices.<\/p>\n\n\n\n<p>Weighing up the opportunities and risks \u2013 and assuming the global economy does not see weaker growth than is forecast by the relevant institutes, or even go into recession \u2013 HEIDELBERG expects sales for financial year 2023\/2024 in line with the previous year\u2019s figure (previous year: \u20ac2.435 billion). A further supposition in this context is that there will be no substantial changes in key exchange rates for the company\u2019s business activities.<\/p>\n\n\n\n<p>Rising production costs are likely to have a particularly negative impact on results. Energy costs are also expected to be higher than in the previous year, which benefited from favorable hedging transactions. To compensate for these effects, HEIDELBERG is intending to continue increasing the prices of its products. The adjusted EBITDA margin is therefore expected to remain at the previous year\u2019s figure (previous year: 7.2 percent). Results in the Print Solutions and Packaging Solutions segments are likely to develop in line with the respective market trend, while the Technology Solutions segment\u2019s profit contribution is expected to be slightly better than in the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heidelberger Druckmaschinen AG (HEIDELBERG) exceeded its targets in the challenging financial year 2022\/2023. The technology company generated sales of \u20ac2.435 billion compared with \u20ac2.183 billion in the previous year, which represents an increase of around 12 percent. The adjusted operating result rose from 5.1 percent to 7.2 percent. The free cash flow was positive at \u20ac72 million, but this figure benefited from non-recurring effects. \u201cWe achieved a good outcome in a challenging environment in the financial year just closed,\u201d says HEIDELBERG CEO Dr. Ludwin Monz. \u201cFaced with further cost increases and a level of profitability that remains low, HEIDELBERG is initiating a value creation program,\u201d he adds. The aim is &hellip; <a href=\"https:\/\/ctiweb.co.jp\/con\/en\/heidelberg-sets-a-new-course-following-a-successful-financial-year\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> \"HEIDELBERG sets a new course following a successful financial year\"<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":2981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[10],"_links":{"self":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2976"}],"collection":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/comments?post=2976"}],"version-history":[{"count":1,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2976\/revisions"}],"predecessor-version":[{"id":2982,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2976\/revisions\/2982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/media\/2981"}],"wp:attachment":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/media?parent=2976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/categories?post=2976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/tags?post=2976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}