Heidelberg Reports Orders Stabilize, Revenue Lower in First Quarter
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All regions except North America recorded higher incoming orders in the first quarter than in the previous quarter. In some parts of the EMEA, North America, and Latin America regions, incoming orders were more than 60 percent below the previous year's values due to the global financial and economic crisis. The Asia/Pacific region recorded the smallest decline in incoming orders compared to the previous year. Thanks to the China Print trade show and the resultant healthy incoming orders on the Chinese market, order levels were only 24 percent down on the previous year at EUR 185 million. Sales were slightly up on the previous year's figure at EUR 150 million, with a significant increase recorded primarily in China.
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