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Greater customer focus by reducing the number of segments from three to two: Paper & Packaging Sheetfed Systems (P&P) and Special & New Technologies (S&T)

The realignment will result in leaner structures in the holding company
Position of central COO to be eliminated, Michael Ulverich to leave the company by mutual agreement and step down from the Executive Board effective 30 November 2024
Christian Steinmaßl joining Group management with effect from 1 December 2024

Incoming orders after six months above previous year’s level thanks to strong drupa orders

High order backlog provides sound basis for projected sales volume in second half of the year, capacities being fully utilized
Strong seasonality in financial year, with sales and EBITDA in the first half of the year within expectations
Packaging solutions segment remains growth driver
Annual forecast confirmed

X-Rite acquires Colorware B.V., creators of MeasureColor, enhancing real-time color management solutions for converters and printers – driving greater efficiency and accuracy in color control.

Strong order situation in drupa year 2024, resulting in order backlog of €1,080.0m, the highest in the company’s history
Underpinned by the high order backlog, the final quarter is expected to be strong
Outlook for 2024 confirmed: operating EBIT at the lower end of the forecast range of €25 – 40m, revenue target of around €1.3bn
As expected, Group revenue of €819.6m after nine months below the previous year in a persistently challenging market environment – but sequential improvement evident
Non-operating special effect: Focus programme “Spotlight” and expenses for drupe impact Group EBIT as expected with €34.9m
Operating EBIT of €-20.7m after nine months; significant improvement of operating EBIT achieved in Q3 at €4.2m after €-14.7m in Q2
Improvement in free cash flow and net working capital as of 30 September
Planned implementation of the “Spotlight” focus programme to ensure that the target EBIT margin of around 6% on Group revenue of around €1.5bn is achieved by 2026 at the latest

The IPIA remains dedicated to fostering industry growth and strengthening connections among members and guests through its highly regarded events held throughout the year. By offering engaging, affordable, and educational experiences – like the upcoming Recognising Excellence event – the IPIA continues its mission.

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