Dr. Gerold Linzbach (CEO) Illustration: Heidelberger Druckmaschinen AG
GERMANY Following five years of losses, Heidelberger Druckmaschinen AG (Heidelberg) has now made an annual profit. The net profit for financial year 2013/2014 (April 1, 2013 to March 31, 2014) was EUR 4 million (previous year: EUR -117 million).
The Group plans to keep sustained profitability by expanding growth segments, implementing portfolio measures and introducing structural cost projects. Their aim is to achieve an EBITDA margin of no less than 8% by financial year 2015/2016.
Reorientation supported by new anchor investor
Heidelberg is developing its digital portfolio with the planned complete takeover of the Gallus Holding AG. Read about the acquisition in this article: Heidelberg buys the rest of Gallus
Acquisitions in growth areas – digital, services and consumables
The company sees opportunities for growth in the expansion of its activities involving services and consumables. Following the takeover of a coating manufacturer, discussions on a further acquisition are currently under way.
As part of the collaboration with Fujfilm, an OEM agreement to supply platesetters (CtP) has also been concluded. Fujifilm will market Heidelberg platesetters under its own name in future, while Heidelberg has taken over some European sales activities for Fujifilm printing plates. Consulting is now also part of the companies portfolio.
Further consolidation of site structure
By the end of financial year 2014/2015, there are plans to integrate the administrative headquarters into the Wiesloch/Walldorf production site. This will involve the relocation of the Management Board and some 500 employees. The company claim that this step will lead to annual savings in operating costs and create “the world’s largest demonstration print shop for packaging and commercial printing”.
The company currently has total credit facilities of about EUR 790 million at its disposal until financial year 2017/2018.
As of March 31, 2014, the Heidelberg Group had a global workforce of 12,539 plus 502 trainees (previous year: 13,694 plus 521 trainees).