HEIDELBERG continues growth, with significant improvement in sales and result for first half-year - Seite 2

we are focusing on maintaining our supply chains, safeguarding our margin
through higher sales prices, and continuing our cost discipline," he added.

Forecast for 2022/23 financial year confirmed

HEIDELBERG stands by its forecast for financial year 2022/23. The company
continues to expect sales figures to increase to around EUR2.3 billion (2021/22:
EUR2.183 billion), provided there is no significant downturn in the general
economic environment. Despite the cost increases that can be expected,
profitability is also set to improve further in the second half-year. HEIDELBERG
is still predicting a further rise in the EBITDA margin to at least 8 percent
for the 2022/23 financial year (2021/22: 7.3 percent). The net result after
taxes is also expected to climb slightly compared to 2021/22 (EUR 33 million).

Strong growth in packaging printing

The Print Solutions and Packaging Solutions segments increased their sales in
the first half-year. Packaging Solutions enjoyed particularly strong growth of
just under 30 percent, following more modest progress in the previous year.
Technology Solutions, which is responsible for the company's wallbox business,
was unable to continue the previous year's exceptional growth in both incoming
orders and sales. Together with the end of funding for private charging stations
in Germany, longer delivery times for new electric cars had a particular impact.
This resulted in weaker growth in the short term and will continue to have a
slight weakening effect for the time being.

Low net financial debt - equity ratio increases to 20 percent

After six months, the free cash flow amounted to EUR-13 million (previous year:
EUR 74 million). This lower figure is mainly due to the usual production-related
increase in inventories. As expected, revenues from the sale of assets in the
first half-year also fell.Due to the slightly negative free cash flow, the
half-year net financial debt was EUR 23 million and therefore remained at a low
level (March 31, 2022: EUR-4 million). HEIDELBERG is making increasing progress
with its equity ratio , too. Alongside the higher actuarial interest rate for
pensions in Germany, this is above all due to the rise in the quarterly profit
to around 20 percent.

"We are seeing that the transformation is having an impact, and HEIDELBERG is in
good shape for the future. In the first half-year, we were able to further
improve our baseline," said CFO Marcus A. Wassenberg. "Our low net financial
debt and improved equity ratio places us on a stable footing," he concluded.

The full report for the second quarter of 2022/23 , image material, and further