-- Incoming orders around EUR 934 million
-- Sales climb by 3 percent to EUR 742 million
-- Operating result up to EUR 26 million
-- Outlook for full financial year 2007/08 unchanged
HEIDELBERG, GERMANY, August 2 /CNW/ - Heidelberger Druckmaschinen AG
(Heidelberg) (FWB:HDD) increased its sales and earnings in the first quarter
of financial year 2007/2008 compared with the previous year. At EUR 742
million, sales by the Heidelberg Group in the first three months (April 1 to
June 30) were around 3 percent up on the previous year (EUR 719 million).
Incoming orders in the first quarter were EUR 935 million (previous year: EUR
1.076 billion). The decline compared with the same quarter of the previous
year is attributable to the high volume of orders received at the IPEX trade
show in April 2006. The order backlog at the end of the first quarter was EUR
1.196 billion (previous year: EUR 1.346 billion).
"The upward trend in the print media industry is continuing on the back
of positive developments in the global economy," stated Bernhard Schreier, CEO
of Heidelberger Druckmaschinen. "If we take due account of the effect of the
IPEX trade show in Birmingham in the previous year, incoming orders attained a
very good level in the first quarter of EUR 935 million."
The Heidelberg Group recorded an operating result of EUR 26 million in
the period under review (previous year: EUR 16 million). The net profit in the
first quarter was EUR 8 million (previous year: EUR 5 million).
"The operating result of the Heidelberg Group has once again improved
slightly over the previous year," stated Heidelberg CFO Dirk Kaliebe, "and was
able to more than compensate for the anticipated costs from the collective
As of June 30, 2007, the Heidelberg Group had a workforce of 19,239
worldwide (up 68 during the quarter).
Results in the Press and Postpress divisions
In the Press Division (offset printing), sales rose to EUR 639 million in
the first three months (previous year: EUR 620 million). Incoming orders in
the period under review amounted to EUR 817 million (previous year: EUR 954
million). The operating result in the first quarter was EUR 21 million
(previous year: EUR 4 million); Prepress delivered positive results for the
In the Postpress Division (finishing), quarterly sales were EUR 95
million (previous year: EUR 89 million). Incoming orders totaled EUR 109
million (previous year: EUR 112 million). The operating result in the period
under review was EUR minus 4 million (previous year: break-even) due to
exchange rate movements and to the product mix.
Sales in all regions in the first quarter were on a par with or exceeded
the previous year's level. In EMEA and Asia/Pacific, incoming orders in the
period under review fell in comparison with the previous year due to the high
volume of orders received at the IPEX trade show in April 2006.
Outlook for financial year 2007/08 unchanged
During the next three-year period, from 2007/2008 to 2009/2010, the
Company expects total sales to increase by 10 to 15 percent. In the current
financial year 2007/2008, Heidelberg predicts moderate growth in the run-up to
In financial year 2007/2008, Heidelberg is looking to increase its pure
operating result by 10 to 15 percent - compared to the adjusted value for the
previous year of EUR 302 million. This marks out a target operating result for
2007/2008 of EUR 330 million to EUR 345 million.
The positive effects of the German tax reform and internal optimization
measures with regard to the tax rate will also play their part in further
increasing the net profit. Overall, the Company expects an increase in the net
profit - excluding one-time effects - of around 4 percent of sales in the
previous year to about 5 percent in financial year 2007/2008.
The complete report for the first quarter of 2007/2008 is available
online at www.heidelberg.com.
For further information visit the Internet Press Lounge at
Publication of the half-yearly results for financial year 2007/2008 is
scheduled for November 6, 2007.
This Press Information contains statements about future development that
are based on assumptions and estimates by the management of Heidelberger
Druckmaschinen Aktiengesellschaft. Even if the management is of the opinion
that these assumptions and estimates are accurate, future actual developments
and future actual results may differ significantly from these assumptions and
estimates due to a variety of factors. These factors can include changes to
the overall economic climate, changes to exchange rates and interest rates and
changes in the graphic arts industry. Heidelberger Druckmaschinen
Aktiengesellschaft provides no guarantee that future developments and the
results actually achieved in the future will agree with the assumptions and
estimates set out in this press release and assumes no liability for such.
For further information:
For further information: Heidelberger Druckmaschinen AG Corporate
Communications Thomas Fichtl Phone: +49 6221 92 4747 Fax: +49 6221 92 5069