Heidelberger Druckmaschinen closes financial year 2019/2020 low in the red

Heidelberger Druckmaschinen presented the first key figures for the 2019/2020 financial year on Wednesday. The activities were “burdened by the increasingly deteriorating economic environment due to the Covid 19 pandemic”, reports the printing press group from Heidelberg. Preliminary figures show that sales fell by around 6 percent to EUR 2.35 billion. The fourth quarter of 2019/2020 saw a drop in sales from 797 million euros to 659 million euros.

Adjusted for the restructuring result, the operating result on an EBITDA basis is 102 million euros after previously 180 million euros. The bottom line is that Heidelberger Druckmaschinen posted a loss of 343 million euros for the 2019/2020 financial year, with one-off expenses for the realignment of the company amounting to 275 million euros. The previous business year had ended with a profit of 21 million euros.

“In the implementation of the far-reaching package of measures to increase profitability announced in mid-March 2020, net debt rose to? 43 million by the end of March 2020. by the almost complete retransfer (around 380 million euros) of trust assets of Heidelberg Pension-Trust e.V., founded in 2005 (previous year: 250 million euros), ”said Heidelberger Druck on Wednesday. “As part of the package of measures, an agreement will soon be reached with the employee representatives on the implementation of the planned job cuts,” the company continues.

At a glance – chart and news: Heidelberger Druckmaschinen

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