Heidelberg has reported a good start to the new financial year, cited as due to recovery in Asia and growth in packaging.
The company’s sales in the first three months of the current financial year – 1 April to 30 June 30, 2023 – climbed year-on-year from €530 million to €544 million. The adjusted operating result (EBITDA) of €42 million was around €18 million up on the adjusted figure for the corresponding quarter of the previous year.
Geographically, Heidelberg reported that incoming orders from Asia grew strongly in the quarter in question, although demand in other markets was rather muted. By segment, Heidelberg’s Packaging Solutions recorded particularly strong growth of around 25% in incoming orders. This includes sales already generated from the launch of the Boardmaster flexo press and ongoing demand for the Gallus One digital label press.
The company’s CEO Dr Ludwin Monz said, ‘Heidelberg is strategically well positioned in its core market of printing and can thus cushion restrained developments in other areas.’
Going forward, although dependent on the global economy not seeing weaker growth than predicted and sales remaining at a similar level, Heidelberg is expecting the company’s development to remain stable.
