Heidelberg Reports Revenue Decline but Orders Stabilize
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"Developments within the individual regions differ considerably. Asia is showing signs of recovery, which are not sufficient to fully compensate for the downturns in the other regions," says Heidelberg CEO Bernhard Schreier. "Incoming orders are bottoming out now, but we do not expect to see clear signs of improvement in the subsequent quarters of the current financial year. We can only expect to see an improvement in production values and capacity utilization in the print industry when the economy as a whole shows signs of a lasting recovery, which in turn will encourage a greater readiness to invest."
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