HEIDELBERG confirms strategic development of core business printing and establishment of new business areas
Current business develops stably in financial year 2022/23
Annual General Meeting reelects Dr. h.c. Oliver Jung to the Supervisory Board again
Around 30 percent of HEIDELBERG's share capital was represented at the virtual Annual General Meeting of Heidelberger Druckmaschinen AG (HEIDELBERG) for financial year 2021/2022. The Management Board explained the Company's strategic orientation, the balance sheet figures for the past financial year (April 1, 2021 to March 31, 2022), and future prospects to the shareholders.
At his first Annual General Meeting for the company, the Chairman of the Management Board, Dr. Ludwin Monz, emphasized: "In the future, HEIDELBERG will have to strike a balance between the further development of the core business of printing on the one hand and the development of new business on the other. Accordingly, we will take a two-pronged approach to our strategy." HEIDELBERG intends to remain one of the technology leaders in the printing sector. Therefore, the company continues to invest in the core markets of commercial and packaging printing. The success in the printing sector should provide the financial scope for further expansion in new fields such as electromobility. The company has further potential through a wide range and depth of technologies as well as extensive capabilities in product innovation, industrial production, global sales and service. These capabilities help HEIDELBERG to develop new business areas.
Current business develops stably in financial year 2022/23
In the past two financial years, the financial and strategic realignment of the company created good conditions for further positive development. The good order situation and the high order backlog also make HEIDELBERG confident, while the global economic situation and the challenging political situation continue to call for caution. At the start of the new 2022/23 financial year, business developed stably. Assuming a stable global economic development, HEIDELBERG expects growth, the improvement of the EBITDA margin and an improved after-tax result in the 2022/23 financial year.
Annual General Meeting reelects Dr. h.c. Oliver Jung to the Supervisory Board again
At the Annual General Meeting, the company's shareholders had to vote, among other things, on the re-election of Dr. h.c. Oliver Jung as a shareholder representative on the Supervisory Board. In the resolution on the election to the Supervisory Board, a clear majority of those entitled to vote expressed their agreement with the candidate proposed by the administration. Dr. h.c. Jung has already been a member of HEIDELBERG's Supervisory Board since 2017. The Chairman of the Management Board of Festo SE & Co. KG will continue to actively support the consistent further development of HEIDELBERG with his in-depth knowledge of the automotive and mechanical engineering sectors as well as other industrial sectors. The shareholders also passed five further resolutions.
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