9 November 2022
Heidelberg Profits Double, Backorders Exceed 1 Billion
HEIDELBERG , GERMANY— 
Speedmaster Heidelbergs's flagship offset press
Speedmaster Heidelbergs's flagship offset press
Heidelberger continued its strong start to the year and has significantly improved its sales and result for the first half-year. Sales climbed to €590 million in the second quarter. At €1,120 million, sales for the first half-year are around 14 percent up on the previous year. The Packaging Solutions segment enjoyed particularly strong growth, from a modest €415 million in the previous year to €535 million.
Worlds largest offset sheet fed press manufacturer
Worlds largest offset sheet fed press manufacturer
Due to the higher sales, EBITDA improved to €68 million in the second quarter. This far exceeded the previous year’s figure of €38 million, which was adjusted for non-recurring income (unadjusted figure: €60 million). A better price quality of sales that countered the substantial increases in the costs of raw materials and intermediate products also contributed to the higher EBITDA, which reached €104 million for the half-year (previous year’s (unadjusted) figure: €75 million). Just six months into the year, profits exceeds the level for the whole of the previous year. In the second quarter, incoming orders also continued rising, to some €622 million (up 5 percent). This was supported by high demand from Central Europe and North America. Half-year incoming orders reached a level of €1,229 million, as a result of which the order backlog is above €1 billion for the first time in years. 
Comments:
3. Mr Beastly says:
14 November 2022 at 7:21 PM
not to mention profits double as Euro crashes and raising pricing
2. Concerned Printer says:
11 November 2022 at 4:20 PM
Together with the end of funding for private charging stations in Germany, longer delivery times for new electric cars had a particular impact. This resulted in weaker growth in the short term and will continue to have a slight weakening effect for the time being.
1. Concerned Printer says:
11 November 2022 at 4:15 PM
SO Heidelberg has 500 machines order for 2023? Not sure if I can belive this?
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