Heidelberg Reports Revenue Decline but Orders Stabilize
HEIDELBERG, GERMANY—11/10/2009—Incoming orders in the first six months of the financial year 2009/10 (April 1 to September 30) at Heidelberger Druckmaschinen AG (Heidelberg) have stabilized at the current low level. In total, however, the figures for the first six months are down significantly on equivalent figures for the previous year. As print shops are still running well below capacity due to low advertising budgets, the company does not expect any marked increase in investments in the print media industry for the financial year as a whole.
Incoming orders of EUR 534 million in the second quarter (July 1 to September 30) were roughly on a par with the previous quarter (EUR 550 million), having stabilized at a low level since October 2008. The significant fall in incoming orders to EUR 1.084 billion in the first half of the year was also influenced by the high order volumes stemming from last year's drupa show (previous year: EUR 1.872 billion).
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