Business Management - Finance/Financial
Heidelberg has rolled out a comprehensive package of measures to offset the decrease in sales due to the COVID-19 pandemic.
The Exchange Offers are being made subject to the conditions set forth in its prospectus and consent solicitation statement.
Although Deluxe delivered a solid performance earlier in the year, the COVID-19 pandemic began to negatively affect revenue in March.
President and CEO Claus Bolza-Schünemann says, “The economic consequences of the corona crisis pose major challenges for our group.”
The company reported net sales of $701 million compared to $845 million in the first quarter of 2019.
“We were able to deliver strong first quarter results, in part, by taking early and swift action,” said Chairman Joel Quadracci.
Cimpress summarized actions it has taken to position itself to build in light of COVID-19 and announced preliminary Q3 results.
All RR Donnelley operations in China were closed for approximately one month in the quarter and then gradually increased production.
Xerox reported $1.86 billion of revenue for Q1 2020, a decrease of 14.7 percent year-over-year or 13.9 percent in constant currency.
Here we are now: the U.S. Postal Service needs financial protection.