Heidelberg Records Incoming Order Increase, Sales Decline
The workforce fell by a further 110 in the first quarter of 2011/2012. As at June 30, 2011, the Heidelberg Group thus had a workforce of 15,718 worldwide (previous year: 16,218).
Business results in the divisions
In the Heidelberg Equipment Division, incoming orders in the first quarter amounted to €404 million, up 11 percent on the previous quarter (€365 million). As expected, the high figure for the same period the previous year (€501 million) achieved as a result of high incoming orders at last year’s IPEX and ExpoPrint trade shows could not be repeated. At €300 million, sales matched the level of the same quarter the previous year. After adjustment for exchange rate effects, this is equivalent to a rise of 5 percent. Although there was almost no change in sales, the result of operating activities excluding special items improved by 19 percent from €-48 million to €-39 million.
In the Heidelberg Services Division, incoming orders amounted to €258 million, a drop of 8 percent compared to the previous year’s figure for this period (€280 million). At €241 million, net sales were also down 8 percent on the same quarter the previous year (€261 million). Despite low sales, the operating result excluding special items amounted to €10 million, matching the positive level of the same period the previous year.
The Heidelberg Financial Services Division once again achieved a positive operating result in the quarter under review. At €4 million, the operating result was up on the same quarter the previous year (€3 million).
Business developments in the regions
In the Europe, Middle East and Africa region, incoming orders of €245 million in the first quarter failed to match the high level of the previous year, mainly due to the IPEX trade show held the previous year in the United Kingdom. Incoming orders in the Eastern Europe region of €73 million were down 13 percent against the comparable quarter of the previous year.