Heidelberg Presents Nine-Month Figures for Financial Year 2006/2007
Incoming orders for third quarter seven percent up on previous year
Sales around six percent up at 2.589 billion Euro
Operating result up to 202 million Euro
Outlook for full financial year 2006/2007 unchanged
HEIDELBERG, GERMANY— 01/31/2007—In the first nine months of financial year 2006/2007 (April 1, 2006 - December 31, 2006), Heidelberger Druckmaschinen AG (Heidelberg) returned figures for sales, incoming orders and operating result that were up over the previous year. Sales by the Heidelberg Group during the period under review climbed around six percent to 2.589 billion Euro (previous year: 2.437 billion Euro). Incoming orders after nine months amounted to 2.913 billion Euro, around seven percent up on the same period of the previous year (2.725 billion Euro). The order backlog of 1.280 billion Euro at December 31, 2006 was once again on a very high level.
“The favorable development in the print media industry has continued thanks to the positive trend in the economy as a whole in 2006,” stated Heidelberg CEO Bernhard Schreier. “Capacity utilization and production activity in print shops both increased in the two key markets Germany and the U.S.”
The Heidelberg Group recorded an operating result of 202 million Euro in the period under review (previous year: 144 million Euro). This corresponds to a return on sales of 7.8 percent. The net profit after nine months - including a positive non-recurring effect resulting from a corporate income tax credit in the third quarter of 73 million Euro - was 180 million Euro (previous year: 65 million Euro). Earnings per share after nine months were 2.21 Euro (previous year: 0.76 Euro), of which 0.89 Euro were attributable to the additional tax revenue.
“We were able to make further progress towards increasing our productivity in both the third quarter and the nine months as a whole,” stated Heidelberg CFO Dirk Kaliebe. “We are also making use of the resulting improved cash flow to implement the share buyback program.”