HEIDELBERG , GERMANY—  Heidelberger is having a very good year for the  current 2022/23 financial year. Thanks to strong demand from North America and Europe, along with sustained growth in the packaging segment, Recording stable incoming orders of €630 million ($940 million Canadian) . This led to a high order backlog of almost €1 billion ($1,5 billion Canadian) . At €609 million ($907 million Canadian) , sales in the third quarter were around 5 percent up on the equivalent quarter of the previous year.Thanks to the good performance in terms of sales and incoming orders and the significant improvement in the operating result, the company is confirming its forecast for financial year 2022/23 as a whole. “We had a positive third quarter and were able to further increase our sales and operating result. Looking ahead, the coming months will continue to be affected by the expected increases in material, energy, and personnel costs,” said Dr. Ludwin Monz, CEO of Heidelberger Druckmaschinen AG.