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Heidelberg presents new growth strategy - significant improvement in sales and result targeted in period to 2022
Heidelberg (ots) -
- Strategic focus on technology leadership, digital transformation, and operational excellence - Group targets for 2022 defined and underpinned with specific measures: - Targeted increase in sales to around EUR3 billion, in EBITDA to EUR 250-300 million, and in net profit after taxes to over EUR 100 million - Initial strategic measures already implemented- two acquisitions (DOCUFY / Fujifilm coatings & pressroom chemicals in EMEA) and enhanced efficiency - Presentation of annual financial statements for 2016/17 confirms targets achieved
At today's Annual Press Conference for 2016/17, Heidelberger Druckmaschinen AG (Heidelberg) is underlining its aspirations to further strengthen the company's trailblazing position in the printing press sector with the presentation of a new corporate strategy. The company's Management Board is presenting "Heidelberg goes digital!" - a package of measures for the years ahead with a strategic focus on technology leadership, digital transformation, and operational excellence. Following the successful turnaround with a return to sustained profitability, Heidelberg will now also be aiming for continuous growth. Group sales of around EUR 3 billion are being targeted with a large number of specific measures in the period to 2022. The company has set its sights on a further significant improvement in profitability, with EBITDA of EUR 250 to 300 million and a net profit after taxes of over EUR 100 million. Sales in financial year 2016/17 were just over EUR 2.5 billion, EBITDA at EUR 179 million and the net result after taxes at EUR 36 million.
"Over the next five years, Heidelberg will once again become a leading light in the sector, enjoying strong growth and profits.