Heidelberger Druckmaschinen AG
OTC:HBGRF
Heidelberger Druckmaschinen AG
Heidelberger Druckmaschinen AG engages in the development, production, and distribution of technology for commercial and packaging printing. The company is headquartered in Heidelberg, Baden-Wuerttemberg and currently employs 10,538 full-time employees. The company went IPO on 2008-02-25. The company has three segments: Heidelberg Equipment, comprising new machinery business; Heidelberg Services, entailing services, consumables, spare parts and remarketed equipment business, and Heidelberg Financial Services, including sales financing businesses. Within the business segments the Company is divided into three business areas: the Sheetfed Business Area, containing finishing machinery for packaging printing in addition to sheetfed offset printing presses for small, medium and large format classes; the Consumables and Computer-to-plate (CTP) business area, where it bundles consumables and prepress equipment, and the Service and Service Parts business area, that supplies service parts to customers in addition to printing press maintenance. The company is also engaged in the manufacture of printing inks via its subsidiary, Blueprint Products NV.
Heidelberger Druckmaschinen AG engages in the development, production, and distribution of technology for commercial and packaging printing. The company is headquartered in Heidelberg, Baden-Wuerttemberg and currently employs 10,538 full-time employees. The company went IPO on 2008-02-25. The company has three segments: Heidelberg Equipment, comprising new machinery business; Heidelberg Services, entailing services, consumables, spare parts and remarketed equipment business, and Heidelberg Financial Services, including sales financing businesses. Within the business segments the Company is divided into three business areas: the Sheetfed Business Area, containing finishing machinery for packaging printing in addition to sheetfed offset printing presses for small, medium and large format classes; the Consumables and Computer-to-plate (CTP) business area, where it bundles consumables and prepress equipment, and the Service and Service Parts business area, that supplies service parts to customers in addition to printing press maintenance. The company is also engaged in the manufacture of printing inks via its subsidiary, Blueprint Products NV.
Sales Growth: Net sales rose to EUR 1.6 billion for the first 9 months, with a solid 4% year-over-year increase in Q3 despite currency headwinds.
Profitability: Adjusted EBITDA margin improved to 7.1% over 9 months, up 140 basis points year-over-year, reflecting stronger efficiency and cost control.
Net Income: Net income increased significantly from a loss of EUR 7 million to a positive EUR 17 million for the third quarter.
Order Intake: 9-month order intake reached EUR 1.6 billion, below last year due to a particularly strong prior period but still supporting a book-to-bill above 1.0.
Guidance Reaffirmed: The company reaffirmed full-year guidance, expecting net sales of around EUR 2.35 billion and an EBITDA margin toward the lower end of up to 8%.
Strategic Progress: Management highlighted ongoing efficiency programs, launch of Jetfire 75, and expansion into defense, security, and energy through HD Advanced Technologies.
Free Cash Flow: Free cash flow remained negative but improved year-over-year to minus EUR 81 million, reflecting typical seasonal and working capital effects.
