Heidelberg Reports Revenue Decline but Orders Stabilize
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"All our measures aimed at cutting costs by around EUR 400 million a year are currently in the process of being implemented. This is going some way to compensating the burden on results brought about by falling sales," explains Heidelberg CFO Dirk Kaliebe.
"The cost savings achieved so far and the positive effects in asset management have enabled us to achieve a positive free cash flow in the second quarter and reduce the net debt over the previous quarter."
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