Heidelberg Reports Orders Stabilize, Revenue Lower in First Quarter
Results in the Press and Postpress divisions
As a result of the unfavorable economic situation, incoming orders for the first quarter in the Press Division (offset printing) remained at the low level of the previous quarters at EUR 493 million. This is 52 percent down on the figure of EUR 1.030 billion for the same quarter the previous year, which did, however, include the high level of incoming orders from the drupa trade show. Due to weak demand and the low order backlog at the beginning of the quarter under review, the previous year's sales figure was not matched either. At EUR 460 million, sales were 19 percent lower than the same quarter the previous year (previous year: EUR 568 million). The operating result was EUR -53 million (previous year: EUR -29 million).
- Companies:
- Heidelberg