Heidelberger Druckmaschinen Ag · XETR:HDD
Heidelberger Druckmaschinen — Heidelberger Druck — FY2025/26 Earnings Presentation
17 slides from Heidelberger Druckmaschinen's earnings presentation, May 19, 2026
Slide 1: Heidelberger Druckmaschinen AG – Preliminary FY2025/26 Results
Experience ∙ Evolution ∙ Excellence Heidelberger Druckmaschinen AG – Preliminary FY2025/26 Results Jürgen Otto, CEO/CFO | Dr. David Schmedding, CTO/CSO | Volker Herdin, Head of Finance | May 19, 2026
Slide 2: Disclaimer
Disclaimer This release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future devel
Slide 3: Financial Review
VH xxx. xx … FINANCIAL REVIEW Heidelberger Druckmaschinen © Heidelberger DruckmaschinenAG AG 3
Slide 4: HEIDELBERG in figures FY2025/26 Performance Report
HEIDELBERG in figures FY2025/26 Performance Report fx-adj. -4.8% fx-adj. +3.6% +1% -50 bps -3% -8% -137% 9,309 2,433 2,293 7.1% 6.6% 51 9,065 2,246 2,280 -19 Employees Order intake Net sales Adj. EBITDA-margin FCF in €m in €m in % of Net sales in €m Order intake: Orders came in as expected while mac
Slide 5: HEIDELBERG Segments FY2025/26 Performance Report
HEIDELBERG Segments FY2025/26 Performance Report in €m ACT FY2024/25 ACT FY2025/26 Order intake Net sales Adj. EBITDA-margin in €m in €m in % of Net sales Currency headwinds weighed on all line items throughout the fiscal year -11% +2% -130bps Print & Packaging 1,282 9.2% 1,182 7.9% Order intake low
Slide 6: HEIDELBERG Regions FY2025/26 Performance Report
HEIDELBERG Regions FY2025/26 Performance Report in €m ACT FY2024/25 ACT FY2025/26 Order intake Net sales EMEA in €m in €m As expected, Order intake normalized vs. -11% +3% drupa-impacted prior year, while Net sales EMEA fx-adj. -11.0% fx-adj. +3.5% benefited from growth in selected markets (includin
Slide 7: EBITDA bridge (FY2025/26)
EBITDA bridge (FY2025/26) Operating cost improvements offset impact from market pressure in P&PE; reported EBITDA (absolute) improved yoy in €m FY2024/25 reported EBITDA 137 Adjustments for structural personnel cost improvement, as Non-recurring items 25 announced in December 2024 (provision built i
Slide 8: Operating Cash Flow (FY2025/26)
Operating Cash Flow (FY2025/26) Operating CF reflects lower customer prepayments in weaker Order intake environment in €m Adj. EBITDA to Operating Cash Flow 9m FY2025/26 Change y/y excl. non-rec. items Tax & interest slightly improved y/y NWC declined as weaker Order intake reduced EBITDA 151 -11 pr
Slide 9: Free Cash Flow (FY2025/26)
Free Cash Flow (FY2025/26) Investments under strict control and hence lower y/y; Free Cash Flow down y/y in €m Operating to Free Cash Flow 9m FY2025/26 Change y/y excl. non-rec. items Operating Cash Flow 36 -77 Controlled and disciplined capex Investments -76 12 behaviour leads to lower investments
Slide 10: Balance Sheet (Q4 FY2025/26)
Balance Sheet (Q4 FY2025/26) Solid Equity ratio above prior year, Net financial position impacted by FCF outflow in €m Equity (Equity ratio in %) Net financial position1 25.1% 27.2% Positive Net income of € 15m; Net financial position contracts Favorable effects from driven by a negative FCF yoy. 56
Slide 11: Major achievements in FY2025/26
Major achievements in FY2025/26 Setting the direction We achieved We achieved We achieved Disciplined optimization of our successful build-up of a strategic expansion of our cost base while driving security & defense business digital business, driving growth efficiency and accelerating as a further
Slide 12: Publications, Roadshow and Conferences
Publications, Roadshow and Conferences Looking forward to continuing the conversation Financial calendar 2026/2027 Roadshow & Conferences June 10, 2026 June 25, 2026 Press Conference, Analysts’ and Investors’ Conference on FY2025/26 results Baader Small Cap Pearls & Defence Day July 23, 2026 August
Slide 13: How to contact us
How to contact us Looking forward to continuing the conversation Contact External Data Platforms/ Research Portals Investor Relations Curation Connect mwb_research Tel.: +49-6222-82 67120 investorrelations@heidelberg.com Investor Resources Investor Relations Website IR Website © Heidelberger Druckma
Slide 14: Financials Key figures
Financials Key figures Figures in € millions 2024/2025 2025/2026 Change in % Results of operations Incoming orders1) 2,433 2,246 -8 Order backlog at financial year-end1) 722 639 -11 Net sales 2,280 2,293 +1 EBITDA2) 137 145 +6 151 Adjusted EBITDA2) 162 -7 in percent of sales 7.1 6.6 -7 Result of ope
Slide 15: Financials Balance sheet
Financials Balance sheet Assets Equity and Liabilities Figures in € millions 31-Mar-2025 31-Mar-2026 Figures in € millions 31-Mar-2025 31-Mar-2026 Equity Non-current assets Issued capital 779 779 Intangible assets 218 228 Capital reserves, retained earnings and other reserves -239 -226 Property, pla
Slide 16: Financials P&L
Financials P&L Figures in € millions 1-Apr-2024 1-Apr-2025 to to 31-Mar-2025 31-Mar-2026 Net sales 2,280 2,293 Change in inventories 5 -33 Other own work capitalized 34 23 Total operating performance 2,320 2,283 Other operating income 63 58 Cost of materials 1,052 1,052 Staff costs 818 770 Depreciat
Slide 17: Financials Segments
Financials Segments Print & Packaging Equipment Figures in € millions 2024/20251) 2025/2026 Incoming orders 1,282 1,135 Order backlog 460 384 Sales 1,162 1,182 Adjusted EBITDA2) 107 93 EBITDA2) 89 91 Digital Solutions & Lifecycle Figures in € millions 2024/20251) 2025/2026 Incoming orders 1,096 1,05