DGAP-News

Heidelberger Druckmaschinen AG: Heidelberg wallboxes far exceed sales expectations - e-mobility business already profitable

DGAP-News: Heidelberger Druckmaschinen AG / Key word(s): Development of Sales Heidelberger Druckmaschinen AG: Heidelberg wallboxes far exceed sales expectations - e-mobility business already profitable 11.05.2021 / 08:28 The issuer is solely responsible for the content of this announcement. - Sales in this area of business double to over € 20 million in FY 2020/21

- Positive margin despite progressive capacity expansions

- Additions to product portfolio, regional expansion, and new sales partnerships offer dynamic growth potential

- Heidelberg Wallbox Home Eco comes out top in tests once again

- Wallbox business to be transferred to a dedicated subsidiary for faster expansion

Based on provisional figures for financial year 2020/21 (April 1, 2020 to March 31, 2021) that are yet to be audited, Heidelberger Druckmaschinen AG (Heidelberg) has far exceeded its own growth predictions in the area of e-mobility. Soaring demand has resulted in sales of over € 20 million - some way above the target of around € 15 million communicated in the fall of 2020, which was already far higher than the figure of around € 10 million for the previous year. Furthermore, despite increased growth investments, Heidelberg has already achieved a positive margin for its electric vehicle charging stations (wallboxes). Since moving into this segment just three years ago on the basis of the technology expertise and innovation know-how available
in-house, Heidelberg has increased its market share in German-speaking countries to approximately 20 percent. The company has sold some 45,000 wallboxes to end customers since 2018.

"With its wallboxes, Heidelberg has taken up a leading position in a market that is enjoying rapid growth. Demand for our products is booming, and we've significantly exceeded our sales targets for financial year 2020/21. Despite the start-up nature of the business, we're already in the black. We intend to further increase the value of the Group as a whole by rapidly expanding our e-mobility portfolio," says Heidelberg CEO Rainer Hundsdörfer.