Heidelberg posts higher operating profitability in Q3FY22

By 15 Feb 2022

Heidelberg has announced the third-quarter results of the financial year 2021-2022 (1 October to 31 December 2021) indicating that the order situation at the company has further recovered. The incoming orders in the third quarter increased by 16% to Euro 643-million, which Heidelberg said, came as a result of the positive impact of the Group transformation initiative.

Heidelberg's EBITDA after nine months, at Euro 132 million, was 21% higher than in the previous year.

At the end of the nine months, the incoming order figure stood at Euro 1,888-million, which is 33% higher than in the previous year. The higher-order backlog of  Euro 951-million at the end of the quarter even exceeded the pre-pandemic level. Sales were also up on the previous year – by 20% at Euro 582-million for the third quarter and by 21% at Euro 1,565 million after nine months.

The EBITDA rose significantly in the third quarter, by 36% to Euro 57-million. EBITDA after nine months amounted to Euro 132 million, which is 21% higher than in the previous year.

Heidelberg said, that despite the challenges across the industry such as the availability of parts, the company reported an impressive performance. “Alternative components and coordinating closely with suppliers on a day-to-day basis, and a large vertical range of manufacture”, were cited as reasons for the success.

“The success of our efforts to transform Heidelberg is becoming ever clearer. Our core business is doing well thanks to our high level of innovation and our focus on customer benefits, and our digital business models are making a key contribution, too. What’s more, the dynamic growth in demand for electromobility solutions continues unabated. In this sector, we are systematically pressing ahead with our expansion outside Germany and, in the future, we will continue the strategic development of our business model through acquisitions and collaboration. Overall, we are well-positioned for the future. Moreover, the healthy order backlog creates a sound basis as we look toward the start of the financial year 2022/2023,” commented Rainer Hundsdörfer, CEO of Heidelberg.

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