Heidelberg Reports Orders Stabilize, Revenue Lower in First Quarter
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The Postpress Division (finishing) also suffered from the unfavorable underlying conditions in the quarter under review and only achieved incoming orders totaling EUR 52 million. This was 54 percent down on the figure of EUR 114 million for the same quarter the previous year. At a level of EUR 49 million, sales were 40 percent down on the previous year's figure of EUR 82 million - double the rate of decline experienced in the Press Division. The operating result excluding special items was EUR -13 million (previous year: EUR -11 million).
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