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Heidelberger Druckmaschinen AG reports strong financial performance for the first half of 2021/2022, with a 22% increase in sales to €983 million and 44% rise in incoming orders to €1,245 million. The order backlog reached €886 million, surpassing pre-crisis levels. EBITDA improved to €75 million, while free cash flow increased to €74 million, eliminating net financial debt. Despite ongoing supply chain challenges, Heidelberger's outlook remains positive, expecting sales to exceed €2 billion for the full year, aided by robust demand particularly in China and packaging printing.
Heidelberger Druckmaschinen AG announced a strong start to financial year 2021/22, with quarterly sales rising 33% from €330 million to €441 million. Incoming orders surged by 89% to €652 million, creating an order backlog of €840 million. EBITDA improved to €15 million, despite a net loss of €14 million due to prior restructuring impacts. The company anticipates annual sales exceeding €2 billion, buoyed by growth in China and the e-mobility sector. Cost savings of €140 million are expected as the company adjusts its operational strategy.
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