HEIDELBERG Adjusts Earnings Forecast for FY 2025-26
Global technology leader HEIDELBERG remains on track to achieve its projected revenue targets for the 2025-26 fiscal year on a currency-adjusted basis, according to newly released preliminary data. This performance is supported by an order intake trend consistent with the final quarters of previous years. In addition, the company continues to successfully implement the personnel and efficiency measures it has initiated, which remain central to meeting its established fiscal year operating cost objectives.
EBIDTA Margin Faces Sustained Pressure
Despite steady revenue, the company’s profitability remains under sustained pressure. While initial projections last summer aimed for an EBIDTA margin of approximately 8%, preliminary and unaudited figures now indicate an expected margin of roughly 6.6%. This downward adjustment, first signalled during the Q3 2025-26 report in early February, is primarily attributed to adverse currency fluctuations and a decline in investment demand. These headwinds are largely driven by a macroeconomic climate increasingly defined by global uncertainty.
Geopolitical Tensions Impact Operating Performance
Investment demand weakened sharply once again, triggered by the outbreak of the Iran conflict on 28 February 2026 along with the persistent pressure of negative currency effects. A product mix that was weaker year-over-year, as well as initial, accelerated investments in new, promising activities outside the core business – primarily defence – have led to a deviation in operating earnings compared to the original expectations at the start of the fiscal year on 1 April 2025. The magnitude of this deviation increased sharply, particularly in March 2026.
Diversification for Long-Term Growth
Furthermore, HEIDELBERG’s efforts to establish a second pillar of business through the HD Advanced Technologies (HDAT) division are resulting in accelerated and rising initial expenses, particularly due to the successful launch in the defence sector. Despite the increased front-end costs associated with its strategic expansion, the company remains committed to this diversification, anticipating that the defence market will provide a robust engine for long-term growth.
HEIDELBERG will publish the audited FY 2025-26 financial results on 10 June 2026.
