Heidelberger Druckmaschinen AG

HDD

Equity

ISIN DE0007314007 / Valor 682694

Xetra (2026-04-07)

EUR 1.35+0.37%

Heidelberger Druckmaschinen AG
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About company

Heidelberger Druckmaschinen AG is a global company that offers production solutions in various sectors such as mechanical and vehicle engineering, robotics, and electronics. The company provides services ranging from foundry products to the assembly of component groups and systems, with a focus on 3D printers, control and power electronics, and switchboards. Heidelberger aims to expand its product portfolio and achieve growth in the e-mobility sector by expanding geographically. With around 9,500 employees and a global sales and service organization, Heidelberger ensures the implementation of customer requirements and continuous development in the market. The company's production sites are located in Germany and China, and it holds a market share of over 40 percent in sheetfed offset machines, used in the production of high-quality printed products.

Summarized from source with an LLMView SourceSector: Industrials

Orders and backlog

Incoming orders after nine months rose 7.7% year‑on‑year to €1,823m; Q3 orders were €550m (+8.3% vs. Q3 2023/24). Order backlog expanded to ~€903m (from €786m at prior year-end), supporting expectations of a strong fourth quarter.

Sales

Q3 sales were €594m (in line with Q3 2023/24). However, nine‑month sales were €1,509m, down ~10.5% vs. €1,686m in the prior year (impact from a weak H1 and pre‑drupa purchasing patterns).

Profitability (adjusted EBITDA)

Adjusted EBITDA improved materially in Q3 to €55m (9.2% margin) versus €34m (5.7%) in Q3 prior year, reflecting cost measures and higher capacity utilization. For the nine months adjusted EBITDA was €86m (5.7% margin) versus €135m (8.0%) prior year.

Net result and special items

Net result after taxes: Q3 was a loss of €7m (vs. €1m profit prior year); nine‑month net loss €42m (vs. €34m profit prior year). Q3 provisions of ~€29m were recorded for planned staff‑cost reduction measures; EBITDA including this special item was €26m in Q3 (4.4% margin).

Cash flow and liquidity

Operating cash flow recovered in Q3 to +€22m (prior‑year Q3: −€23m), producing a positive Q3 free cash flow of €4m (vs. −€26m). Nevertheless, nine‑month free cash flow was −€97m (vs. −€54m prior year). Cash and equivalents fell to €116m at Dec 31, 2024.

Balance sheet and financing

Equity declined to €469m (equity ratio ~21.2%). Financial liabilities increased (totaling €166m current/non‑current), driving a net financial position of −€51m. The syndicated credit facility remains in place (extended to July 2028) and was used during the period.

Segment highlights

Packaging Solutions: strong order growth (+~11% 9M; +~15% Q3) though 9M sales were lower; Q3 sales roughly flat vs. prior year. Print Solutions: modest order growth (9M +4.4%; Q3 +2.1%), 9M sales down; Q3 sales in line with prior year. Technology Solutions remains small and weaker on volumes but showed EBITDA improvement vs. prior year.

Outlook

HEIDELBERG confirms its FY 2024/2025 guidance: expects full‑year sales broadly in line with the prior year (~€2,395m) and an adjusted EBITDA margin similar to last year (prior year: 7.2%), supported by the large backlog and ongoing cost measures.

Summarized from source with an LLMView Source

Key figures

40.6%1Y

-15.5%3Y

7.76%5Y

Performance

59.2%1Y

46.5%3Y

50.9%5Y

Volatility