Heidelberg has recorded healthy third-quarter results and revealed plans to accelerate its digital transformation.
The German press giant said its Q3 net result after taxes increased from €7 million to €18 million, with sales of €608 million that are “higher than in Q2 but under last year’s figures due to series production ramp-ups.”
“The improvements in results in the third quarter show that Heidelberg is on the right course to achieve sustainable profitability,” said Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. “We anticipate we will further increase our annual profit with a strong final quarter.”
Hundsdörfer said Heidelberg is realigning its organization to accelerate the company’s digital transformation and ensure the correct business models are in place for the high-growth customer segments in the years ahead.
In future, there will be a Heidelberg division that will develop, manufacture, and supply digital technologies and products for new business models. Another division will devise and market these models, and the global sales and service network will be more strongly focused on the digital challenges that customers face.
“Heidelberg goes digital. We are getting the company fit for the digital future,” said Hundsdörfer. “To do that, we will develop and roll out our own innovative business ideas. However, we will also be strengthening our position in this area through acquisitions.”