Heidelberger Druckmaschinen AG
ISIN: DE0007314007
WKN: 731400
09 December 2024 10:15AM

EQS-News: Future plan for the Wiesloch-Walldorf site to strengthen competitiveness as part of the growth strategy

Heidelberger Druckmaschinen AG · ISIN: DE0007314007 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2046479

EQS-News: Heidelberger Druckmaschinen AG / Key word(s): Strategic Company Decision
Future plan for the Wiesloch-Walldorf site to strengthen competitiveness as part of the growth strategy

09.12.2024 / 10:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Employer, Works Council and trade union agree on a future plan for the Wiesloch-Walldorf site that strengthens competitiveness and enables investment
  • Personnel cost savings of over € 100 million over the next three years by compensating for the upcoming wage increases and socially responsible reduction of around 450 jobs
  • Future technologies come from Wiesloch-Walldorf  minimum workforce size guaranteed until the end of 2028
  • Growth strategy focusing on digital, automation, packaging, service and industrial business has medium-term sales potential of more than € 300 million
  • Forecast for financial year 2024/2025 confirmed

Heidelberger Druckmaschinen AG (HEIDELBERG), together with the Works Council and IG Metall, has adopted a plan for the future to strengthen the competitiveness of the Wiesloch-Walldorf site. This plan will reduce personnel costs by more than € 100 million over the next three financial years through various measures and thus not only increase cost efficiency, but also make investments possible. The agreement applies with immediate effect until December 31, 2028 and also includes a site guarantee for 3,500 employees as well as investments in the site.

"The future plan for the Wiesloch-Walldorf site is an important step for HEIDELBERG in laying the foundations for future growth within the Group. The agreement will enable us to reduce costs at the largest site in Germany and create space for important investments," says Jürgen Otto, CEO of Heidelberger Druckmaschinen AG. "We are convinced that we will be able to manufacture further industrial and highly complex products at the Wiesloch-Walldorf site, including for other industries."

As part of the plan for the future, special items of around € 30 million will be recognized in the current financial year 2024/2025. At the same time, the company confirms its forecast for the adjusted EBITDA margin, which is expected to remain at the previous year's level of 7.2%. Sales are also forecast to remain at the previous year's level (€ 2,395 million).

Future plan as part of the growth strategy

The plan for the future is an important building block in the strategic positioning of HEIDELBERG, because the company is aiming to expand its international business, particularly through growth in markets such as China and Asia. With an outstanding market position worldwide, particularly in China thanks to local production and the partnership with MK Masterwork, the company is ideally placed to achieve this.

Thanks to the cooperation between HEIDELBERG and Canon, the company will participate even more strongly in the growing digital printing business in future. Incoming orders already confirm this from the next financial year.

In the packaging sector, HEIDELBERG will benefit from the growing global demand for replacements for plastic packaging. In addition, the company sees further global earnings opportunities in the expansion of its service, software and automation business.

Today, over 85% of business is already conducted outside of Germany. In total, HEIDELBERG sees growth potential of more than € 300 million in sales for all strategic initiatives by the 2028/2029 financial year.

At the same time, future investments are also secured, such as the modern data center at the Wiesloch-Walldorf site, the modernization of infrastructure and production facilities, training and further education, qualification and projects for software and AI.

Jürgen Otto: "HEIDELBERG has enormous expertise and potential. We are a driver of innovation beyond the printing industry."

To date, HEIDELBERG's personnel costs amount to around € 800 million per year, which corresponds to around one third of turnover. Over 50 percent of personnel costs are incurred in Germany, the majority of which are incurred at the Wiesloch-Walldorf site. In order to reduce personnel costs, the employer and employee representatives have agreed on a package of measures that will offset the future increase in salaries in the IG Metall collective agreement by offsetting it against performance-related pay. The measures also include the socially responsible reduction of around 450 jobs at the Wiesloch-Walldorf site. The site currently has around 4,000 employees. HEIDELBERG is relying on a demographic lever and employee retirements. On the other hand, the company is selectively finding solutions that meet the wishes of some employees who wanted to leave earlier. In addition to jobs in production, the measure also includes targeted reductions in administration and management.

Future technologies come from Wiesloch-Walldorf

At the same time, the parties have agreed on measures to secure the future of the site. For example, the agreement also includes a continued strong training quota for young employees and the understanding that future technologies should be located in Wiesloch. "HEIDELBERG has enormous expertise and potential. We are also demonstrating this with the future plan. We remain an attractive employer, also for young people, and a driver of innovation beyond the printing industry," says Jürgen Otto.

The agreement on the future plan applies to the Wiesloch-Walldorf site, but is intended to serve as a pilot for other HEIDELBERG sites in Germany. These include Brandenburg, Amstetten and Ludwigsburg, for example.

Image 1: HEIDELBERG agrees on a future plan for the Wiesloch-Walldorf site to strengthen competitiveness as part of the growth strategy.

Images and further information about the company are available on the Investor Relations and Press Portal of Heidelberger Druckmaschinen AG at www.heidelberg.com.

For further information:

Corporate Communications

Florian Pitzinger
Phone: +49 (0)151 67968774
E-Mail: Florian.Pitzinger@heidelberg.com

Thomas Fichtl
Phone: +49 6222 82- 67123
E-Mail: Thomas.Fichtl@heidelberg.com

Investor Relations
Maximilian Beyer
Tel: +49 (0)6222 82-67120
E-Mail: Maximilian.Beyer@heidelberg.com

Important note:

This press release contains forward-looking statements based on assumptions and estimates made by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even if the company management is of the opinion that these assumptions and estimates are accurate, actual future developments and future actual results may deviate considerably from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates and interest rates as well as changes within the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability that future developments and the actual results achieved in the future will correspond to the assumptions and estimates made in this press release.



09.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Heidelberger Druckmaschinen AG
Kurfürsten-Anlage 52–60
69115 Heidelberg
Germany
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-67129
E-mail: investorrelations@heidelberg.com
Internet: www.heidelberg.com
ISIN: DE0007314007
WKN: 731400
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2046479

 
End of News EQS News Service

2046479  09.12.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 2.490,49 2.349,45 1.913,17 2.183,43 2.435,00 2.395,00 2.406,00
EBITDA1,2 179,99 146,00 94,47 160,16 209,00 168,00 174,00
EBITDA-Margin3 7,23 6,21 4,94 7,34 8,58 7,02 7,23
EBIT1,4 81,04 -269,42 17,64 80,74 131,00 91,00 95,00
EBIT-Margin5 3,25 -11,47 0,92 3,70 5,38 3,80 3,95
Net Profit (Loss)1 20,88 -343,00 -42,89 33,06 91,00 39,00 42,00
Net-Margin6 0,84 -14,60 -2,24 1,51 3,74 1,63 1,75
Cashflow1,7 -11,28 -53,95 0,06 51,27 33,00 90,00 0,00
Earnings per share8 0,07 -1,13 -0,14 0,11 0,30 0,13 0,11
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Heidelberger Druckmaschinen
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
731400 DE0007314007 AG 281,64 Mio € 08.12.1997 Halten 8FXCCM4H+2J
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
6,61 15,48 0,43 -42,05 0,53 3,13 0,12
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
24.07.2025 01.08.2024 13.11.2024 12.02.2025 05.06.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,54%
0,93 €
ATH 46,20 €
-2,43% -11,14% -25,34% -22,92% -99,04%

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