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175 years of Heidelberger Druckmaschinen: Company starts anniversary year with growth strategy
- Growth strategy: medium-term sales potential of more than € 300 million
- Growth drivers in the core business: packaging, digital printing Software and lifecycle business
- Industrial business: focus on further expansion
- 175 years: the company has been shaping the printing industry for decades with technological innovations, quality and reliability
- Numerous anniversary activities throughout the year
HEIDELBERG, GERMANY – Newsaktuell – 8 January 2025 – Heidelberger Druckmaschinen AG (HEIDELBERG) is entering its anniversary year 2025 with a growth strategy: March 11, 2025, marks the 175th anniversary of the company’s founding. What began over a century and a half ago as a bell foundry in Frankenthal in the Palatinate region of Germany, has since developed into a leading global technology company and total solutions provider for print shops and packaging applications. HEIDELBERG is tackling the challenges of the future with a clear growth strategy.
“To expand our market position, we are increasingly tapping into growth potential in our core business in packaging and digital printing as well as in the software and lifecycle business,” says Jürgen Otto, CEO of HEIDELBERG. “We will also continue to expand our offering in the growing green technologies market. This includes key areas such as high-precision mechanical engineering, the automotive industry, charging infrastructure and software, and new hydrogen technologies.” In total, HEIDELBERG sees growth potential of more than € 300 million in sales for all strategic initiatives by the 2028/2029 financial year, while at the same time consolidating performance and increasing efficiency.
- Packaging market has seen significant growth since 2014
HEIDELBERG is benefiting from the constantly growing global demand for packaging. The end customer market for packaging has grown by more than 6o percent worldwide over the past ten years. In cooperation with Solenis, HEIDELBERG is responding to the global trend away from plastic and foil towards paper-based packaging and will in future offer solutions for printing recyclable packaging, particularly for the food industry. The company already generates more than 50 percent of its turnover in the packaging segment. And the trend is clearly upward.
- HEIDELBERG seizes opportunities in growing industrial digital printing
According to market estimates, the global digital printing market accessible to HEIDELBERG, including service and consumables, will grow from around EUR 5 billion today to EUR 7.5 billion by 2029. HEIDELBERG has significantly expanded its offering, including through its cooperation with Canon. This will significantly increase sales of digital printing solutions. Incoming orders already confirm this from the next financial year.
- International business with high potential
HEIDELBERG sees a lever for more sales growth in its strong international presence in around 170 countries worldwide, with one of the largest global sales and service networks. The company will continue to expand this internationalization, particularly in growth markets such as Asia, the USA and emerging markets. HEIDELBERG has the best prerequisites for this, particularly in China, thanks to its local production and partnership with MK Masterwork. More than 85 percent of the company’s business is already conducted outside Germany.
- Focus on expanding industrial business in the Technology segment
Another focus is on HEIDELBERG’s industrial business to open up new product areas, markets, and industries. To this end, the company has extensive skills, expertise and resources that are currently already being used outside the printing industry, particularly in the fields of high-precision mechanical engineering, the automotive industry, electromobility and hydrogen. The company is also increasingly offering its expertise and installed capacities to other companies in order to efficiently industrialize or manufacture their products.
175 years: the company has been shaping the printing industry for decades with technological innovations, quality and reliability
HEIDELBERG has been shaping the printing industry for 175 years with innovations, top quality and maximum reliability. Throughout its history, the company has repeatedly set new standards with pioneering developments such as the “Original Heidelberger Tiegel” and the “Speedmaster” model series for sheetfed offset printing. “175 years of Heidelberger Druckmaschinen are a strong testimony to consistency, as well as innovative strength and thus future viability,” says Jürgen Otto. “Thanks to its impressive achievements over the past 175 years, the company is looking forward to further growth in the coming years with its current market position, the expertise of its employees and global customer relationships.”
Numerous anniversary activities throughout the year
Together with customers, employees and partners, HEIDELBERG is celebrating its anniversary year with numerous events and activities. In the summer, for example, there will be a week of celebrations at the Wiesloch-Walldorf headquarters in the newly designed demonstration center – the Home of Print – including an anniversary ceremony with guests from all over the world, i.e. customers, suppliers, partners and representatives from politics and society. Family days are planned for employees at individual locations. In addition, there will be an anniversary magazine in which the history of the company will be presented, and the future will be directed.
With around 9,500 employees worldwide, production facilities in several countries and regions, including China and the USA, as well as the densest sales and service network in the industry, HEIDELBERG is now a true global player and world market leader from Germany. “Our history impressively demonstrates how entrepreneurship, technical expertise and the genuine creative power of our employees can have a lasting impact on a company over such a long period of time and, far beyond that, on an entire industry to this day,” Otto continues.
Images and further information about the company are available on the Heidelberger Druckmaschinen AG press portal at www.heidelberg.com.
Important note:
This press release contains forward-looking statements based on assumptions and estimates made by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even if the company management is of the opinion that these assumptions and estimates are accurate, actual future developments and future actual results may deviate considerably from these assumptions and estimates due to a variety of factors. These factors may include, for example, changes in the overall economic situation, exchange rates and interest rates as well as changes within the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability that future developments and the actual results achieved in the future will correspond to the assumptions and estimates made in this press release.
Hashtag: #HEIDELBERG
The issuer is solely responsible for the content of this announcement.
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O-Level Computing Graduates to Receive Credit Exemption at NYP’s School of Information Technology
A first for the polytechnic, this exemption allows learners to free up and reallocate curriculum time. They can choose to use the freed-up periods to attain additional industry professional certifications.
SINGAPORE – Media OutReach Newswire – 9 January 2025 – Commencing April 2025, learners who pass O-level Computing and enrol into NYP’s School of IT can apply for an exemption from the Programming Competency Unit (CmU), or the poly’s equivalent of a “module”.
The credit exemption will see learners saving 60 curriculum hours over the semester – which they can spend to develop adjacent tech skills in their interest areas.
This follows a recent curriculum review that showed that both the O-level Computing subject and the Programming CmU – a foundational learning unit all first-year IT students undertake – had similar learning outcomes that overlapped.
The data also showed that over the past cohorts at NYP, more than 9 in 10 students who passed their O-level computing subject scored at least a B for their Programming CmU.
Ms Tan Soon Keow, Director of NYP’s School of Information Technology, said: “We are committed to developing every student’s potential and giving them room to grow their capabilities while pursuing their diploma studies.”
“In finding avenues to recognise prior learning and give credit exemptions to learners who are already well-versed with foundational knowledge, we hope to open new opportunities for them to pursue advanced learning in their preferred domains, while keeping to the polytechnic curriculum rigour,” she added.
Learners given the credit exemptions are encouraged to use the freed-up 60 hours to pursue professional certifications, participate in competitions or work on projects mentored by industry veterans. This flexibility allows learners to focus on areas of interest and accelerate their growth in specialised fields.
Year One Diploma in Cybersecurity & Digital Forensics student, Ker Hong Xuan, graduated with an A1 for his O-Level Computing subject in 2023. After enrolling at NYP in 2024, he obtained a Distinction[1] in the Programming CmU. He shared that he would have opted for an exemption had the programme been launched in the year he enrolled: “I love the idea of freed up curriculum time – I can join in the hackathons the School organises, and I could have gotten my Certified Ethical Hacker (CEH) certification even earlier! I think it’s really laudable that the school is allowing us to explore different IT areas with the freed-up hours,” he added.
Earlier in 2023, NYP’s School of IT also announced that all SIT students who enrol from AY2023 would graduate with at least one professional certification. These industry-recognised certificates include Amazon Web Services Certified Cloud Practitioner, Microsoft Certified: Power BI Data Analyst Associate, and Certified Entry-Level Python Practitioner. Collectively, both initiatives reinforce NYP’s dedication to creating a learning environment that empowers students, recognising their competencies while and ensuring they are equipped with the most in-demand skills to excel in the dynamic tech industry.
Hashtag: #NanyangPolytechnic #InformationTechnology
The issuer is solely responsible for the content of this announcement.
About Nanyang Polytechnic
Established as an institution of higher learning in 1992, Nanyang Polytechnic’s (NYP) academic schools offer quality education and training through 37 full-time diploma courses and common entry programmes. NYP also has a full suite of Continuing Education and Training (CET) options for lifelong learning, ranging from specialist and advanced diplomas to SkillsFuture-supported modules and courses. NYP’s Asian Culinary Institute Singapore and the Singapore Institute of Retail Studies are CET institutes set up in partnership with SkillsFuture Singapore (SSG) to champion and transform Singapore’s F&B and retail sectors, respectively. A third NYP CET institute – the National Centre of Excellence for Workplace Learning – also set up in collaboration with SSG, will spearhead the development of progressive workplace learning strategies and programmes for companies here.
For more information, please visit www.nyp.edu.sg.
Newly Launched “Trading and Hedging” Solutions to Empower Businesses with FX Trading, Hedging Strategies and Products
SINGAPORE – Media OutReach Newswire – 9 January 2025 – SUNRATE, the global payment and treasury management platform, kickstarts the new year by introducing new treasury solutions – “trading and hedging” for businesses worldwide. These solutions are launched through Sunrate Markets Pte. Ltd., which holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).
Mr. Joshua Bao, co-founder of SUNRATE, said, “Being awarded the CMS license by MAS was an important milestone, but it was even more critical for us to go-to-market (GTM) with products and services that deliver significant value to our customers. With our vast experience in global payments and foreign exchange (FX) and the numerous product iterations based on customer feedback, we are confident that our customers will be able to leverage unparalleled global presence, accessing all their trading and hedging needs in one place.”
In addition to the CMS license, SUNRATE is one of the few companies in Singapore that also holds a MAS license as a Major Payment Institution (MPI) for Account Issuance Service, Domestic Money Transfer Service, Cross-border Money Transfer Service, Merchant Acquisition Service, and E-money Issuance Service. Its dual-license status attests to its strong compliance and governance framework, credentials, and competencies, as well as know-how, while enhancing its capabilities in the area of global B2B payments and treasury management.
Mr. Yumi Zhang, Head of Global Markets at SUNRATE, said, “With geopolitical risks set to affect the world economy and global businesses more than ever, it is imperative that we work even closer with our customers to apply various strategies to hedge and protect against any market volatility, especially in emerging markets. In addition to the fast, secure, and cost-effective global B2B payment products and services that we offer, businesses, particularly those engaged in B2B trade, will appreciate the insights and stability that we can bring to them with our new offerings.”
Hashtag: #SUNRATE
The issuer is solely responsible for the content of this announcement.
About SUNRATE
SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/
Offer extended to 17 January 2025. Offer Price remains firm at RM11.00 Per Share
The encouraging level of acceptances by the First Closing Date, despite the intervening holiday period, moves the Consortium decisively towards satisfying the 90% acceptance condition and thus the threshold required to de-list MAHB pursuant to the Offer.
For shareholders who have yet to submit their acceptances, the Consortium wishes to highlight that the offer period has been extended from 8 January 2025 to 17 January 2025. Save for the extension, all other terms including the offer price of RM11.00 and the 90% acceptance condition remain unchanged.
RM11.00 offer price higher than any price MAHB has traded
GDA remains firm that its offer price of RM11.00 per share is highly compelling and attractive to shareholders (see Chart #11). RM11.00 is higher than any price MAHB has ever traded at and represents a 49.5% premium YTD2 and implies a Price-to-Earnings ratio of 37.7x3.
All 14 licensed equity research analysts that currently cover MAHB4 have target prices that are either lower than or equal to RM11.00, and most also explicitly recommend that shareholders accept the offer.
MAHB needs to address shortcomings to compete regionally
The Consortium reiterates its view that MAHB’s shortcomings in maintaining its core assets and systems, and prolonged history of underperformance both operationally and financially, will only be properly addressed if it is not constrained by a public market listing and is able to take a fresh approach.
A case in point is the Aerotrain at KLIA Terminal 1 which has suffered multiple service failures over the last 10 years and continues to be challenged by ongoing and unresolved issues. As it nears the second anniversary of total service suspension, the re-opening date remains uncertain.
The Consortium believes one of the root causes of MAHB’s issues is its continuous underinvestment in critical operational infrastructure and in projects to drive growth and expansion.
Over the last 5 years, MAHB spent RM1.3bn in capex compared to RM18.9bn by Singapore’s Changi, RM8.1bn by Indonesia’s Angkasa Pura and RM6.8bn by Airports of Thailand (“AOT”)5 (see Chart #2).
This prolonged underinvestment by MAHB has resulted in an ageing asset base and led to a number of high-profile operational failures. Meanwhile, the passenger experience has deteriorated markedly, as noted by Skytrax whose ranking of KLIA has plummeted from 2nd best airport in the world in 2001 to 71st in 2024. MAHB’s airports are in urgent need of significant remediation and expansion capex.
Unsurprisingly, MAHB has been losing ground in the ASEAN aviation market. Over the last 10 years, KLIA has lost passengers while key regional peers have grown significantly6 (see Chart #3). This has resulted in MAHB’s market share declining from 20% to 16%7 (see Chart #4). Throughout this time, KLIA’s regional peers, including Changi Airport in Singapore and Suvarnabhumi Airport in Bangkok, continue to make significant investments to increase their capacity and further distance themselves from KLIA.
Operational challenges have contributed to MAHB’s financial underperformance
Over a 10-year period8, MAHB has consistently underperformed listed APAC peers across a number of key financial metrics (see Charts #5 – #7):
Moreover, MAHB’s dividend has remained stagnant over the last 10 years and MAHB distributed only RM0.11 per share in 2024. This implies a 1.0% dividend yield9, which is four times lower than the KLCI Bursa Malaysia Index10 and three times lower than the DJ Airports index11 (see Chart #8). The RM11 per share offer price compares to RM0.82 of dividends MAHB has paid over the past 10 years (see Chart #9).
Consortium committed to turnaround MAHB
As highlighted in the offer document dated 6 December 2024, the Consortium intends to upgrade and modernise MAHB’s operations, enhance passenger service, improve airline connectivity and stimulate traffic growth. The Consortium believes that such objectives will be best achieved by MAHB as a private entity, taking a long-term approach to decision-making and capital investment, and benefitting from GIP’s airport expertise.
With its combined resources, control of the board and without the constraints of a public market listing, the Consortium together with management will be able to expedite necessary capital investments and provide the requisite technical expertise to realise MAHB’s full potential.
This offer presents a compelling opportunity for MAHB shareholders to achieve immediate and attractive returns and GDA therefore encourages all shareholders who have not yet accepted the offer to do so before the revised closing time and date of 5:00 p.m. (Malaysian time) on 17 January 2025.
Hashtag: #GatewayDevelopmentAlliance
The issuer is solely responsible for the content of this announcement.
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