Highly successful showing at drupa makes HEIDELBERG confident about prospects for financial year 2024/2025
- Targets for financial year 2023/2024 achieved – sales and adjusted
EBITDA margin stable at € 2.4 billion and 7.2 percent respectively - Free cash flow excluding special items at highest level for over ten years
- Incoming orders recover thanks to drupa printing trade show
- Collaboration with Canon in growing industrial inkjet printing sector
- Outlook for FY 2024/2025 – sales and EBITDA to match previous year’s level despite economic policy uncertainties

A successful end to financial year 2023/2024 has seen Heidelberger Druckmaschinen AG (HEIDELBERG) meet its targets. As planned, sales remained stable at around € 2.4 billion (previous year: € 2.435 billion). An adjusted EBITDA margin of 7.2 percent was also maintained. Following its highly successful showing at the drupa trade show, the company is confident about the prospects for financial year 2024/2025. The high level of interest in HEIDELBERG innovations from customers worldwide has led incoming orders to recover further still at the start of the new financial year. What’s more, the industrial inkjet printing collaboration with Canon that was announced in Düsseldorf is set to open up new growth areas. Overall, despite economic policy uncertainties, HEIDELBERG is expecting sales and the EBITDA margin for financial year 2024/2025 to match the previous year’s level.
“We have taken a big step toward our goal of achieving sustainable profitability at HEIDELBERG. Even in economically uncertain times, we have remained resolutely on track, which gives us confidence,” says HEIDELBERG CEO Dr. Ludwin Monz. “Moving forward, we are looking to open up further growth markets thanks to our collaboration with Canon in the industrial inkjet printing sector,” he adds.
Targets for financial year 2023/2024 achieved – sales and adjusted EBITDA margin stable at € 2.4 billion and 7.2 percent respectively
Despite the difficult economic and geopolitical conditions and higher material, energy, and personnel costs, HEIDELBERG has met its targets for financial year 2023/2024. As planned, sales remained stable at around € 2.4 billion (previous year: € 2.435 billion). An adjusted EBITDA margin of 7.2 percent was also maintained. The free cash flow of € 56 million did not include any special items in the reporting year, such as the sale of non-operating assets. Adjusting the previous years’ free cash flow results for special items, the free cash flow for the financial year just closed is therefore the highest in over ten years. These figures highlight the success of the value creation program, which has improved the company’s financial resilience.
“Despite difficult economic conditions, we have achieved our targets for the year. HEIDELBERG has performed solidly in financial terms. Our value creation program is a key step in creating a more future-proof company. In economically uncertain times, we are expecting stable business development,” says HEIDELBERG CFO Tania von der Goltz.
In the context of its value creation program, HEIDELBERG has identified over 250 measures to boost productivity and strengthen its financial basis. Implementation is ongoing. The prompt introduction of measures during the financial year just closed successfully compensated for the considerable pressures resulting from the downturn in demand and rising costs. Measures to optimize the net working capital also had a positive impact on the free cash flow.
Packaging printing the largest area of business at HEIDELBERG
Since financial year 2023/2024, when it accounted for 52 percent of sales, the Packaging Solutions segment has been the largest area of business at HEIDELBERG. Its sales were roughly 7 percent up on the previous year at around € 1.2 billion.
Incoming orders recover thanks to drupa printing trade show
Customers from all over the world showed great interest in the company's trade fair stand and invested in the innovations presented. The large number of orders from the drupa trade fair led to a recovery in incoming orders at HEIDELBERG at the start of the new 2024/2025 financial year, which is expected to reach around € 650 million in the first quarter of 2024/2025. Due to better utilization of production capacities, short-time work at the German sites will end as early as June 2024.
Outlook for financial year 2024/2025
Assuming the global economy does not see weaker growth than predicted by the relevant institutions, HEIDELBERG is expecting sales in financial year 2024/2025 to match the previous year’s figure 2023/2024 (€ 2.4 billion). A further supposition in this context is that there will be no substantial changes in key exchange rates for the company’s business activities. The adjusted EBITDA margin is also expected to remain at the previous year’s level 2023/2024 (7.2 percent).
Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.
Further information:
Corporate Communications
Thomas Fichtl
Phone: +49 6222 82-67123
E-mail: Thomas.Fichtl@heidelberg.com
Oliver Claas
Phone: +49 6222 82-67179
E-mail: Oliver.Claas@heidelberg.com
Investor Relations
Maximilian Beyer
Phone: +49 6222 82-67120
E-mail: Maximilian.Beyer@heidelberg.com
Important note:
This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.
Subscribe to releases from news aktuell GmbH
Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from news aktuell GmbH
EMD: Group of leading Polish retailers intends to join EMD, Europe’s leading buying and marketing group18.7.2025 14:00:00 CEST | Press release
EMD-Membership brings new sourcing opportunities for Grupa Eurocash, Grupa Chorten and Netto Strong presence in Poland strengthens EMD’s international market position
Germany’s pharmacies under pressure: Statistical Yearbook 2025 now available16.7.2025 12:00:23 CEST | Press release
(Berlin, Germany) – ABDA – Federal Union of German Associations of Pharmacists has released the Statistical Yearbook “German Pharmacies: Figures, Data, Facts 2025”. The publication offers a comprehensive overview of the latest trends in the pharmaceutical and healthcare sectors in Germany and beyond. It shows that the number of pharmacies has decreased again. At the end of 2024 there were 17.041 pharmacies in Germany, which is the lowest number since the end of the 1970s. One of the main reasons for the increasing number of pharmacy closures is the economic difficulties many pharmacies are facing. Since the pharmacy remuneration has not been elevated in the past 12 years, around 25 percent of German pharmacies have earnings below 75.000 Euros a year. Around 7 percent of German pharmacies made losses in 2024. Those and other relevant facts and figures are shown on more than 130 pages in a revamped design of the new Statistical Yearbook – with several features that make the content easie
FEV Group: Generative AI accelerates homologation: FEV simplifies country-specific type approval processes10.7.2025 11:23:00 CEST | Press release
Aachen – Vehicle development doesn’t end with technical readiness: The road to global market launches is only complete once homologation has been successfully achieved. The increasing complexity of national regulations poses growing challenges to OEMs and suppliers. FEV addresses these with an innovative, AI-based approach: The company-wide used ‘FEV GenAI Hub’ significantly simplifies and accelerates the analysis of regulatory requirements across different global markets, offering time and cost savings that can provide customers with a decisive competitive edge.
Green: Innovation from Switzerland: New pump drive developed by Green’s Andrea Luigi Campomilla providing more efficiency in data center cooling8.7.2025 09:38:05 CEST | Press release
Andrea Luigi Campomilla, Green’s Chief Operating Officer and Chief Engineer, is commissioning a newly developed pump drive. The results are promising.
Intuitive Surgical Deutschland GmbH: Intuitive’s da Vinci 5 Surgical System Receives CE Mark2.7.2025 09:55:29 CEST | Press release
Fifth-generation da Vinci surgical system approved for use in Europe across multiple procedures
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom